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Looking for opinions / thoughts on my franchise

CFLRider

Contributor
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243%
Oct 27, 2014
21
51
49
Albany, NY
I have a construction business that I do really well with. I recently rebranded the company to look more like a chain and I would like to franchise it. I have a great concept and I do way better than every other contractor in my area. I have more business than I can handle.
I want to franchise my company and the concept I have of how its run. Its super efficient and makes a good profit and pays me a good salary.
There are not a lot, or any home improvement franchises that do everything.
There are painting franchises, and storm repair ones as well. But not home improvement contractors. There are handyman type franchises, but I know my business makes way more than a handyman franchise.
My goal is to set up a booth at a huge trade show like the franchise expo at the Javits Center, and see what kind of feedback I get as far as people starting their own. My company name is BuildPros. I'm in Albany so I have Albany BuildPros. I'd like to eventually see BuildPros of Atlanta, BuildPros of Houston, etc etc....
Opinions?
 
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pgtownsyou

Forge Ahead
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93%
Oct 29, 2013
151
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Minnesota
I don't know a ton about franchising right now, but I am looking to eventually grow my business into a franchise model. If it is like you say it is, I think you have a good start. Branding, and a process that is easy to duplicate are key. Have lots of documentation and training set up for your franchisees and figure out contract terms. There are companies that will work with you to set this up. There was an INSIDERS call not too long ago about who woman who had franchised her business. Very good information there, and in many YouTube videos about franchising. Best of luck!
 

edward222

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Dec 8, 2014
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Your first company should have a proven quality, so that franchisers will trust the brand they franchised.
 
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OscarDeuce

Bronze Contributor
Speedway Pass
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269%
Nov 28, 2014
176
473
Northern Virginia
Are you prepared to launch a nation-wide advertising campaign? Do you have the capital to support it? You have half the solution already - the "system." One reason people buy franchises is they offer a system or road map that's already been proven. But the other ingredient is name recognition. Usually, the franchisor invests heavily in making the business a household word. Think Aamco Transmissions or Orkin Pest Control, or McDonalds.

Cheers,
O-2
 

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