Opening a new business operation always come with some risk. What you may not realize is that choosing to open a franchise often helps keep the risk to a minimum. Instead of opening your own residential or commercial painting business, why not consider the merits of exploring a few
franchise painting business opportunities and choosing the right partner? Here are some of the advantages that come with this approach.
Instant Brand Recognition
Part of establishing your own stand-alone painting business means building a reputation and brand within the local community. Even under the best of circumstances, that will take time and effort. It’s only after potential customers learn more about you and develop some degree of trust that the business will actually take off. That could take a year or more.
By contrast, opening a franchise of a well-known painting service provides you with instant recognition. People know and trust the brand. They understand that you must meet the standards set by the brand in order to be a part of such a network. While you still have to demonstrate that the local franchise measures up, people are more likely to assume that you do meet those standards unless you give them a reason to think otherwise.
A Big Business Network to Support Your Small Business Operation
The nice thing about franchise painting business opportunities is that you get to enjoy the best of both worlds. On the one hand, you do own the business. At the same time, you can draw on the experience and skill sets of the franchiser. Depending on the terms of the agreement, you could have easy access to managerial training, establishing a viable accounting system, and even guidelines for how to set up hourly employment schedules. Even if you’ve done some of those tasks for past employers, relying on those support services will help you launch and maintain the franchise with greater ease.
Options for Volume Discounts
With a stand-alone business, you may or may not generate enough business volume to motivate a supplier to offer discounts. As a franchisee, you likely have access to suppliers who provide deep discounts thanks to the vendor agreements that the franchiser already has in place. The amount of those discounts is based on the cumulative volume of you and other franchisers generate. Think of what that means in terms of being able to buy whatever you need in the way of supplies and equipment and still keep your rates competitive.
Help With Start-Up Costs
Some franchisers match funds committed by franchisees in order to establish a new location. Those funds may be used to renovate an existing structure or build a new one. The money can also help with purchasing whatever you need to offer painting services to prospective clients. It’s not unusual for franchisers to offer competitive terms for repaying the matching funds. That makes it all the easier to begin generating revenue quickly and keep enough to cover the day to day operating costs.
Before making a decision, consider the idea of a painting company franchise. Take a look at different plans and ask lots of questions. It won’t take long to decide if this approach to launching a new local operation is the right one for you.