Have you dreamed of owning your own building business but you’re not sure how to get started? Well, you’re not alone! Many people have the drive but lack the structure and experience needed to start a successful building business. So, where do you start? Our quick answer? A home renovation franchise.
A home renovation franchise is a proven and successful system that will help you get started on a new career in entrepreneurship. Let’s take a look at why it is so successful for many builders.
Lower Operating Costs
Franchising is a common business model where the owner or franchisor sells the rights to his/her business brand to independent operators, also known as franchisees. By becoming a franchisee, you can operate your own store or shop and sell the same products and services for which you are given the rights.
Aside from this, you’ll also be given similar business infrastructure including the IT and marketing systems, which will be set up for you by the franchisor. This means that you will not spend on the full cost of setting up the business. Goods and labour will also be provided by the franchisor at a lower cost.
Free Business Training
Do you have a builder’s license but no prior experience in running a business? No problem. If you own a renovation franchise business, you’ll have access to many training programs that the franchisor has developed. These will help you:
- Fast track your building business progress.
- Eliminate the common mistakes that new business owners make.
- Train you in the most efficient and effective business practices from the get-go.
- Give you important advice based on experience on how to run and grow your renovation business.
As a renovation franchise owner, you will also be given the business manual for your reference to help you prepare for any situation during business operations.
Avoid Business Failure
Let’s face it, not all new businesses are guaranteed success. Creating fresh ventures involve some amount of risk, which can result in failure even in the first year of operations. As a builder, if you own a renovation franchise, this risk will be much lower because you will be adopting a proven business model and reputable brand that sells to targeted consumers.
With a renovation franchise, you can expect to have significant ROI (Return On Investment) and profit without the need to start from scratch.
Get Support from a network of Franchise Owners
As a building franchisee, you’ll be part of a wider business group and have the pleasure to collaborate with successful renovation business owners. If you’re a first-time business owner, owning a renovation franchise will give you the opportunity to ask for advice and guidance from other franchisees. This means that you won’t go through the ups and downs of running a building business alone. The value of the support from fellow franchisees who have been through the same trials cannot be underestimated.
Be in Control
Just because you’ll be following a tried and tested model, doesn’t mean you will not be in charge of your business. It’s quite the contrary. If you own a building franchise, there will always be room to trial your own ideas on top of the solid franchise model.
In fact, you will be encouraged to be innovative with your own marketing strategies in your city or suburb. You are free to use other suppliers or contract other tradesmen. In short, you are still in control of your business.
Get Financing Easily
Another reason to own a renovation franchise is easy to access business financing. Most lenders are keen to approve business loans to franchisees because they are business ventures with proven profitability. They’ll see you as a low risk to do business with and will be more likely to help you out. So, if you need to get more capital to start your business, then buying into a renovation franchise will help your chances in receiving financing approval.
Own a Renovare Franchise Today
A renovation franchise is a low-risk way to begin your journey to becoming a successful building business owner. If you like the sound of being a home renovation franchise owner, then you should consider a Renovare Franchise.
It’s your perfect opportunity to own a building business based on a trusted brand in the property renovation industry. Take a look at the available renovation franchise locations and secure your desired territory before it’s too late.
Contact Renovare today to make a start. You’ll be surprised how quickly we can get you into your renovation franchise if you’re a motivated licensed builder.
Looking for more information? Try the Renovation Franchise FAQs page.