I don't understand your comment on what would give a franchise a REAL leg up over the competition
Which Franchise would you consider joining?
- Thread starter Mikey P
- Start date
Bob Pruitt
Member
I was kidding before. If I had ever wanted to be involved with a franchise I would have.
We had 3 vans working in my early days and I didn't enjoy it. Not the Manager type.
We had 3 vans working in my early days and I didn't enjoy it. Not the Manager type.
Kenny Hayes
Member
None
Starbucks
The one by the house has a line of cars around the corner everyday/all day.
The one by the house has a line of cars around the corner everyday/all day.
Hooters.
Can I show your wife that comment?
Cleanworks
Moderator
You got something against owls?
I'll blame it on the Russians
Nate The Great
Member
SamIam
Member
One thing about a franchise is if corporate, finds your exceeding sales they'll raise your franchise fees accordingly.
So your always working for someone else.
So your always working for someone else.
Russ T.
Supportive Member
All cleaning is a matter of degree. Cleaning to a higher level would give them a leg up.
SamIam
Member
So Matt!
You have a website?
Who does your seo?
Have you grabbed every free listing?
And fleshed them out!
Do you have a ton of great reviews?
What would a franchise do to make things different? It's all a lot of work no matter how you slice it.
Ps you can use my dog and logo instant cash!
You have a website?
Who does your seo?
Have you grabbed every free listing?
And fleshed them out!
Do you have a ton of great reviews?
What would a franchise do to make things different? It's all a lot of work no matter how you slice it.
Ps you can use my dog and logo instant cash!
SamIam
Member
Ps I'm not busting your balls,
It's just I've been doing this for awhile.
And I would be where my cousins are thinking it's the economy it's this it's that.
But I had a crappy website it still needs work, but guys here gave input.
Then years ago Mike said grab your Yelp listing and claim your free five cities.
That and get reviews!
So I started asking for them.
I don't have as many as most but they still come in.
Then I realized I was missing out on Facebook and used some of Wills stuff and spent some money there.
But most of the gold is right at our finger tips here on this board.
We just have to put the work in online to develop it.
My cousins view the internet as a four letter word who needs a website?
Print advertisement is gone,
they don't now how to get new leads.
Tv and radio are for Chavez and Hagopian.
Ps you could always join the multi faith club and solicit every church with 5000 members to.
Seriously what ever you do good luck it's not easy.
It's just I've been doing this for awhile.
And I would be where my cousins are thinking it's the economy it's this it's that.
But I had a crappy website it still needs work, but guys here gave input.
Then years ago Mike said grab your Yelp listing and claim your free five cities.
That and get reviews!
So I started asking for them.
I don't have as many as most but they still come in.
Then I realized I was missing out on Facebook and used some of Wills stuff and spent some money there.
But most of the gold is right at our finger tips here on this board.
We just have to put the work in online to develop it.
My cousins view the internet as a four letter word who needs a website?
Print advertisement is gone,
they don't now how to get new leads.
Tv and radio are for Chavez and Hagopian.
Ps you could always join the multi faith club and solicit every church with 5000 members to.
Seriously what ever you do good luck it's not easy.
Mikey P
Administrator
I'm up to date online and very active. Angie's list and yelp....not much. It's not needed yet
I'm the leader with reviews compared to the competition
To answer your question on what a franchise would do to make things different: Marketing. The big named ones are all over Tv and radio. That's something I wouldn't have to do, because it's already all over tv.
The second reason is preparing my business to look better in selling it. It seems that a big named franchise would sell better within our market, than a business like mine.
I am right in the middle of two big cities in between several franchises that don't service my area. If I bought into one, built it up to be able to operate without me, 10years later put a for sale sign on it. It's a thought that's worth brainstorming over
I'm up to date online and very active. Angie's list and yelp....not much. It's not needed yet
I'm the leader with reviews compared to the competition
To answer your question on what a franchise would do to make things different: Marketing. The big named ones are all over Tv and radio. That's something I wouldn't have to do, because it's already all over tv.
The second reason is preparing my business to look better in selling it. It seems that a big named franchise would sell better within our market, than a business like mine.
I am right in the middle of two big cities in between several franchises that don't service my area. If I bought into one, built it up to be able to operate without me, 10years later put a for sale sign on it. It's a thought that's worth brainstorming over
I just read this article regarding Jani-King. Interesting. https://www.dol.gov/newsroom/releases/whd/whd20160929-3
SamIam
Member
Just so you know the advertising dollars comes out of your franchise fees.
You probably new that.
SamIam
Member
Just saying if you have a listing anywhere that's says claim listing?
Claim it, it's free!
I don't know, but I hear Yelp isn't that big here for some guys.
There's one thing to consider.
Do people use iPhones where your at?
If so when you ask Siri for info or search using apple maps.
That's only uses yelps search engine.
SamIam
Member
Lastly and mean it, I hear you when trying to ad value and get to a place of retirement.
The best thing I did was leave my Dads business and start my own.
I was able to start IRA'a and save after that.
It took awhile, but we incorporated, and recently got a simple Ira for the business.
Incorporation did two things, I pay 15% taxes on most earnings!
And a simple Ira allows for up to $12500 a year that plus my wife's $5500 a year.
I started way late and need a few good runs for the stock market, but slowly but surely we're getting there.
If I had balls I would invest in real estate.
That's the investment that keeps on giving.
The best thing I did was leave my Dads business and start my own.
I was able to start IRA'a and save after that.
It took awhile, but we incorporated, and recently got a simple Ira for the business.
Incorporation did two things, I pay 15% taxes on most earnings!
And a simple Ira allows for up to $12500 a year that plus my wife's $5500 a year.
I started way late and need a few good runs for the stock market, but slowly but surely we're getting there.
If I had balls I would invest in real estate.
That's the investment that keeps on giving.
tres davis
Member
There is no value in any cc franchise in my opinion
There is a lot of value in restoration franchise if they have deals tied into preferred vendor programs
Aka Servpro servmast Paul davis etc
It will get you insta revenue which is hard to get otherwise
There is a lot of value in restoration franchise if they have deals tied into preferred vendor programs
Aka Servpro servmast Paul davis etc
It will get you insta revenue which is hard to get otherwise
Onfire_02_01
Member
That is my feeling when it comes to a franchise. It must come with built in revenue, if I have to bust my hump to get all my work then there is no point in a franchise, but if it comes with at least enough work to pay the basics then it might be worth it.
Papa John
Lifetime Supportive Member
TomKing
Supportive Member
- Joined
- Sep 18, 2012
- Messages
- 1,126
- Location
- Indianapolis
- Name
- Tom
- Years of Experience
- 20
- Role
- Business Owner
I would go with Stanley in a heart beat. Ask any one on the street name 2 carpet cleaning companies. They will be one of them. Their brand awareness is second to none.
I don't think you would be able to sell a profitable Stanley Steamer or any franchise for much more money that your own --well marketed --well run carpet Brand.---I'm sure there is a Franchise transfer fee with most that is going to bite some of that.
If your business is fully dimensional with a nice rug facility and parking for your vans----sorry no trailers allowed Matt----grin---it would pull more.
With interest rates as low as they are now and Uncle Sam printing money like it was going out of style, my mind would think now is a good time to invest in real estate. My theory is with all the money being printed we are bound to have significant inflation---in everything---(I have been wrong before). Payment locked in low interest rents increase with inflation.
I don't have IRAs or 401ks. Only rental property. My theory was If I could put 20% down and it would make the payment itself---buy it. I've never paid on my properties after the down payment. (I have spend some time working on them) My brother was all about 401k. His value dropped by over 50% in 2008. Took 5+ years to get back to even. My value dropped also but the rents did not go down---they keep going up. Probably time for another round of rent increases now that you mention it.
SamIam
Member
And the return on a rental are better
Total_Rookie
Member
None..
