Home / Commercial cleaning / All about franchising: what, why and how to invest in a franchise

All about franchising: what, why and how to invest in a franchise

What is franchising?

Since we started to offer franchising opportunities here at The Fine Cleaning Company, we’re often asked what franchising really means!

Franchising is when an established company, like The Fine Cleaning Company, gives you the opportunity to run your own Fine Cleaning Company business, by buying into our proven business model and replicating our success in a new region.

 

What does investing in a franchise give me?

When you invest in a franchise with The Fine Cleaning Company, you’ll be running your own business, and your team will be providing both domestic and commercial customers with a bespoke service at the highest of standards.

Your franchise package also includes:

  • Exclusive business territory
  • A 5-year term, with an option to renew
  • A comprehensive operations guide
  • Access to our bespoke cleaning software package
  • The Fine Cleaning Company branded clothing
  • An equipment starter pack
  • Leads from Head Office
  • A dedicated pre-launch marketing campaign
  • Marketing materials
  • Full admin support
  • Diary management
  • The ability to take ownership of your career, and run your own business

Is a franchise the same as a start-up?

Investing in a franchise is similar to starting a new business, except for one key difference: the hard work has already been done for you!

As we’ve already spent years refining our business model, finding out how best to attract customers and discovering how to build a team of great employees, this model is ready for you to apply into your new business straight away, taking away much of the guesswork that comes with a start-up.

Sadly, only around 4% of start-ups last beyond the 3-5 year mark; franchises, however, have a 94% success rate! As a franchise gives you the template for success, franchise owners are saving themselves the time and money that can be lose when trying to learn how to budget, advertise, recruit and run a brand new business. 

By investing in a Fine Cleaning Company cleaning fran

chise, you’ll be given a marketing plan and an operations manual to follow, packed with the support and knowledge that only comes with years of real life experience.

With a Fine Cleaning Company franchise, you also have the support of our Head Office team, as well as other franchisees – so if you hit any challenges in your working day, we’re here to help. We’ll show you how to run a successful business, giving you the skills and tools needed to set yourself up for success.

 

Should I invest in a franchise?

Many people will reach a point in their career when they’ve grown tired of working for someone else, and have developed the skills and drive to start something of their own. More and more of us are looking for more flexibility and work-life balance, as well as the opportunity to build a business that we truly believe in.

Franchising is a great fit for people who are keen for the independence of owning their own business, with the added support that comes from an established business. It also means you’re able to get things up and running far quicker than if you were to start from scratch, with less of the downtime or loss of income that can come from starting out on your own.

 

Can you get funding to buy a franchise?

The initial funding required to buy your franchise can seem like a large investment, but there are plenty of options available to make starting your business an achievable goal.

These funding options include:

 

  • Bank Loan

You high street bank can offer competitive rates, but they’ll also want some assurance that you’ll be able to repay the loan. To help your application, we can provide you with a business plan, budgets and forecasts for your region, to give you the best chance of a successful application. 

  • Start Up Loan

A Start Up Loan is a government-backed personal loan available to people starting or growing a business in the UK, and is provided through the British Business Bank. 

The loan is unsecured, so you won’t need to provide any guarantors or risk any assets for the application. Furthermore, if successful, you will receive 12 months of free mentoring, as well as professional business support resources. The maximum available per individual is £25,000, and the interest rate is set at 6% per annum.

Find out more here.

  • Enterprise Finance Guarantee

This is another government-backed scheme, which will ask to see a business strategy and proposition. As with the bank loan option, we can help you with the application, the business plans, budgeting and forecasting, giving you the best opportunity to succeed. 

In this scheme, the government backs 75% of the loan, with the aim of reducing the risk to the lender, making them more likely to lend.

Find out more here.

  • Local Government Finance Support

There are also plenty of regional government-funded support services available, designed to help start-ups and small businesses flourish.

Each scheme varies, so you’ll need to check your eligibility for the support available in your local area – the individual schemes can then often advise you on what will be best for you.

Find out more here.

  • Personal savings

As well as avoiding interest payments and loan applications, using your personal savings to invest in a franchise can also give you more motivation to succeed.

With current interest rates so low, using your personal savings to invest in your business (and your future) is often a more fruitful option than letting it gather dust in a savings account!

  • Funding circle

Funding Circle is a government-accredited lender which specialises in funding start-ups, franchises and small businesses.

They tend to be more flexible than banks for business loans, and offer a quick online model to check your eligibility and lending potential.

Find out more here

 

What type of franchise should I invest in?

When it comes to franchise options, the sheer quantity of options out there can seem overwhelming! The important factors to consider include which industry you may have experience in or feel comfortable operating in, what type of relationship you’d like to have with your clients/customers, and what type of business you feel confidence can succeed in your chosen area.

We chose to develop a cleaning business and it’s an industry which will always be in demand – homes and businesses will always need cleaners – and is a relatively simple business to operate and develop. We were also drawn to the challenge of making a real difference, in what is often perceived as a pretty staid service sector. So, The Fine Cleaning Company was born!

The UK cleaning market is worth an estimated £4.7bn pa, increasing by 25% from a decade ago, and it continues to grow. On the domestic front, 1 in 3 households in the UK currently employ someone to help with domestic chores, and nearly 5 million of these use a cleaning firm. In a business setting, the commercial cleaning market is worth £3 billion pa.

When choosing a franchise to invest in, you’ll want to see proven business results from the existing business and franchises, as well as feel confident that the people running the business are fair, transparent and professional – as these will be your mentors when you start your own business.

 

How do I get started?

Once you’ve decided that owning a franchise is the right decision for your future, the next step is to get in touch!

If you’d like to find out more about owning a Fine Cleaning Company franchise, we’d love to show you how it could work for your life. We can also advise you on funding options, as well as give you a better idea of the resources and support that are included in your franchise package.

There are few things more exciting than owning your own business and watching it thrive under your management – talk to us today to take the first step towards your new career.

Leave a Reply

Your email address will not be published. Required fields are marked *