About us
What is a Franchise?
is a franchise right for me?
The discussion of whether you should start your own business by yourself or buy a franchise could go on and on. Whilst at the end of the day it is ultimately your decision, the advantages of franchising are well worth looking into.
Franchising simply provides an alternative route into business ownership by allowing you to replicate a business model that has already been proven to be successful. Investing in a franchise like Green Machine gives you access to franchise support centre staff who will provide you with support and advice, as well as providing marketing materials, training and all the systems and processes needed to replicate that successful business.
A management franchise involves the owner managing the operation of the business whilst relying on his or her employees to carry out the work required to deliver the required service. Typically, a management franchise system will operate in the business to business (B2B) environment.
Our franchisees are not cleaners, they will manage and grow their territory, so you will need good communication and people skills. Green Machine’s franchisees will be self-motivated, and share our passion, for excellent service delivery, you will need drive, to keep your business growing profitably, and earning a good living, and building a substantial asset at the same time.
Understand how much of your own money you would be prepared to invest and how much you would be prepared / able to borrow. Management franchise opportunity costs can vary widely, typically with higher investment level opportunities offering the potential for higher levels of return. Be sure to weigh up the level of investment against any anticipated short, medium- and long-term returns. The returns need to meet your lifestyle requirements / expectations.
What sort of business do you think you would be good at running? Consider types of businesses where your employment experience and skills set could be of real benefit. For example, key skills required for running a management franchise such as a Green Machine would be leadership and people management skills and the ability to communicate effectively with office/field-based employees, clients, prospective clients, suppliers, fellow franchisees and the franchisor.
For example, do you want to run a business to business (B2B) franchise (e.g. an office and commercial cleaning franchise) or would you prefer a business to consumer (B2C) franchise (e.g. a fast food outlet)?
Would you prefer a long-established, stable sector or a developing sector? Similarly, are you attracted more to well-known brand names or newer, emerging brands?
Are you interested in a management franchise resale opportunity? A resale brings with it the comforts of an established track record, client base and income stream, albeit at a premium as you will be paying the purchase price for the business in addition to an initial licence fee. Alternatively, are you up for the challenge of growing a greenfield/start-up site from scratch?
What sort of business do you think you would be good at running? Consider types of businesses where your employment experience and skills set could be of real benefit. For example, key skills required for running a management franchise such as a Green Machine would be leadership and people management skills and the ability to communicate effectively with office/field-based employees, clients, prospective clients, suppliers, fellow franchisees and the franchisor.
Buying a franchise is a big financial commitment, and you may need to raise some capital through a third party to complete your acquisition.
When deciding on the amount to finance, you should take into consideration:
- The cost of the franchise
- Working capital
- Any items not included within our starter-pack, for example, IT equipment or office furniture.
Many of the major banks have a dedicated franchise team for financing franchise acquisitions and growth, so please make sure, that you speak to a qualified member of their franchise team, to get the best advice on your funding options.
Green Machine will also advise you, to fully research all finance options available to you, to ensure that you get the best possible finance solution, to meet the needs of your new business.
There are many professional advisors who specialise in franchising, including financial and legal advice.
The Money Advice service will also give you a summary, of various options available in terms of free financial advice and support, click here.
