|
Below is an in-depth analysis and side-by-side comparison of Benjamin Franklin Plumbing vs AroundTown Handyman including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $37,556 - $204,261 | $10,000 - $15,000 |
Franchise Fee | $43,000 | $5,000 - $6,000 |
Royalty Fee | 6% | - |
Advertising Fee | 3% | - |
Year Founded | 2000 | - |
Year Franchised | 2001 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 50% of franchise fee | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/Yes | -/- |
Start-up Costs | Yes/Yes | -/- |
Equipment | Yes/Yes | -/- |
Inventory | Yes/Yes | -/- |
Receivables | Yes/Yes | -/- |
Payroll | Yes/Yes | -/- |
Training & Support |
||
Training | Available at headquarters, Available at franchisee's location | - |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | National media, Regional advertising | - |
Operations |
37% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 12
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | Person who wants to work from home |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
NO LONGER FRANCHISING
A business that you can start with just a vehicle and a few tools. We provide home and
business owners with services, installations, and repairs that they need. You don't need
to be skilled in all areas, and can own your business as a manager or as an
owner-operator. The franchise fee is only $5,000, which can be financed for $1,000 per
month x 6 mos. Yes, a business you can start for just $1,000!!
Before settling on an official conclusion, converse with companions, family, and experts you trust to check whether you've caught wind of the company(ies) you're considering drawing nearer. Check whether they've heard anything about them - great or terrible. A terrible notoriety can demolish a business rapidly, or make it greatly hard to begin one.
Then again, a great name, solid plan of action, and better preparing project can bring about you than by-pass numerous straightforward and basic oversights new entrepreneurs make.
From a business viewpoint, on the off chance that you choose to seek after an establishment as opposed to going it all alone, you ought to know about the accompanying advantages and disadvantages:
Stars
Diversifying organizations by and large offer preparing on the best way to maintain a business
...step by step instructions to advertise your business locally
...what's more, may even give you tips on jack of all trades matters
A jack of all trades establishment is regularly settled and has a decent name (look at this before at last choosing!)
...in this way an establishment name gives you validity before you even do your first employment
For most establishments, you get across the nation advertising