Are you tired of your corporate career, feeling unfulfilled and looking to transition into business ownership? Franchising has been an attractive business model due to its supportive framework, resources and brand recognition. Windows franchises are especially popular due to their great product lines and customer service. But before you jump into a Windows franchise opportunity, there are a few questions you should consider.
The International Franchise Professionals Group (IFPG) and its broker group members have come up with a comprehensive guide answering questions aspiring business owners have about Window franchises. This guide offers advice on how to evaluate any window franchise opportunity, from portfolios to award recognition, along with other helpful tips and information.
When looking into Window franchise opportunities, the first question to consider is about the franchise system’s track record. You want to make sure you’re investing in a proven system supported by an experienced franchise team. Check to see if these franchise systems have won awards or have been featured on lists of top-rated franchises by Entrepreneur Magazine, Forbes or other publications.
You should also review any portfolio Windows franchisees have. What types of projects have they completed? Are there any timelines for these projects? What types of warranties are offered? What types of results have they achieved? If there are testimonials from previous customers, take a look at those to get a better sense of what kind of experience potential customers can expect.
You need to also research the franchise’s initial investment and how that amount will be distributed among the franchise’s business activities. What are the costs for project materials, equipment and any licensing? How much is the franchise fee, and what kind of royalty structure is in place?
Aside from the franchise fee, you should also factor in the cost of overhead, which can include store rent, utilities, insurance and employees. You also need to factor in marketing costs, and consider whether you have to franchisee with other Windows franchisees in the area to split the cost of marketing.
When considering a Windows franchise, it’s also important to evaluate the franchisor’s resources and support. Are there any education or training programs available? What kind of technology does the company provide? What type of customer support do franchisees have access to?
This same line of questioning should also be applied to the franchisees in the system. What type of experience do they have with the franchisor? Are they happy with the support and resources they have? How successful have they been with their franchises?
It’s important to do your research before investing in a Windows franchise. Look into the franchise system’s track record, examine the portfolios of existing Windows franchisees and consider what kind of resources and support both the franchisor and franchisees have access to. This comprehensive guide will assist in this process, allowing you to make an informed decision on which Windows franchise opportunity is right for you.