Types of Franchise
Most industries will have a franchise option for you to investigate. Prolific franchisors will provide the necessary training to allow you to start a franchise business without previous industry experience. All Neighbourly brands operate within the home services industry and provide a comprehensive training and development programme to allow you to adopt our proven business models in an industry you previously knew nothing about.
Most industries will have a franchise option for you to investigate. Prolific franchisors will provide the necessary training to allow you to start a franchise business without previous industry experience. All Neighbourly brands operate within the home services industry, and provide a comprenhensive training and devleopment programme to allow you to adopt our proven business models in an industry you previously knew nothing about.
Franchises start from as little as £1,000 and reach heights of over £500,000. It’s important to understand that each investment level is relative to the potential returns the franchise business can bring.
Investment level varies through the different Neighbourly Brands; Bright & Beautiful is £17,995 + VAT, Aire Serv is £18,000+VAT, Mr. Electric is 24,000+VAT, Drain Doctor is £35,000+VAT and Countrywide Grounds Maintenance is £44,995 + VAT. Additional working capital will be required and varies depending on the individual’s needs.
With all of our brands boasting proven franchise models, we have a strong working relationship with lenders who will finance up to 70% of your investment, subject to status.
Management Franchise Opportunities
In the main franchising offers two distinct types of franchise opportunity. The ‘owner-operator franchise’ and the ‘management franchise’. Owner-operator franchise businesses tend to rely on you, as a business owner, to deliver the services to clients. An example of some businesses which might operate using the owner-operator franchise might be a dog walking franchise, a teaching franchise or something where you, as a franchisee, physically deliver all sessions. Your role will be similar to being self-employed in as much as you use the brand, training and procedures the franchisor offers but you also deliver the service to clients.
Build, Train and Retain
Management franchises offer potential investors the opportunity to build a business through their management skills. This would not usually rely on the franchise owner to physically deliver the service as this would limit their scope for growth. Management franchise opportunities would generally require you to be comfortable in your people skills and your ability to build, train and retain a team of skilled employees. You will focus on the operations, finance, marketing and sales of the business whilst your team delivers essential services to your clients.
For example, most Drain Doctor franchise owners do not conduct any plumbing or drainage work themselves. Bright & Beautiful franchise owners are discouraged from cleaning, instead spending their time and focus recruiting and training teams of professional housekeepers. Within a managed franchise, Instead, franchise owners are more likely to facilitate the growth of their franchise by motivating staff and making key business decisions.
Local Business-Community Based
One significant feature of franchising is the ability to take a proven brand and proven systems provided by the franchisor to launch a business in your own local community. As a franchise owner you will build a local business in your community. When considering a franchised business you should consider where your business will be based and what the implications are for your start up costs.
Some franchise business are van based, others are retail based and some are home based. If you are ambitious for your business you will likely want to set up our brand in the heart of your local community and promote that brand as widely as possible. This can be achieved through branded vehicles, offices with signage, localised marketing and of course business premises. Some business premises are high end retail whilst others benefit from local industrial premises or community based offices or units.
One thing many franchise owners share is the passion and pride in developing a business in their local community!
Part-time franchise models have been developed to provide franchise owners with an additional income stream. Despite being good for purpose, they are usually low turnover businesses with limited growth potential.
Neighbourly does not provide part-time franchises and requires franchisees to be fully committed to building a high turnover business.
After a successful career as an accountant, Adrian was looking to escape the corporate world and build a business of his own.