Turnkey Franchises Explained
What is a turnkey franchise?
A turnkey franchise provides everything you need to start the business. All you have to do is turn the key and open the door to be in business.
What are the advantages?
A turnkey franchise allows you to hit the ground running with an established brand name, a successful business model, proven products and services and even an existing customer base.
Are there any disadvantages?
Some franchisors charge a significant markup for their turnkey franchise package. Expect a reasonable fee for the labor involved in putting all the components together, and discounted rates on equipment and supplies.
Are there any exceptions?
Of course! Some franchisors make their profit by selling you the components of the franchise, rather than charging ongoing royalty fees.
How do I know if I’m getting a good deal?
Talk to existing franchisees. Ask them if they are satisfied with the value they received and if the process went as smoothly as expected. You can also ask the franchisor for a cost breakdown by individual component. If labor costs are built-in, be sure to ask the markup percentage.
The bottom line.
Every turnkey franchise is different. Before signing on, adequately research the business to fully understand the opportunity. Above all, be prepared to take a hands-on approach and work hard to succeed.
The Jani-King Franchise Opportunity
Franchising with Jani-King allows you to join forces with one of the leading commercial cleaning franchise companies in the world. Valuable benefits you’ll receive when you start a commercial cleaning business with Jani-King include:
• Wide range of investment plans – among the lowest cost franchise opportunities available
• Well-known brand and reputation for quality
• Collective buying power of the brand
• Proven business systems
• Equipment and uniform programs
• Customized insurance with great rates
• Team of personnel and technology vendors
• National and local advertising strategies and marketing initiatives
• New account offerings
• Immediate training
• Operations support
• Administrative assistance