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Buying a franchise location is a decision that shouldn't be taken lightly, just like any other investment. Here you can learn the key facts about Spring-Green before making your final decision about buying a franchise.
What is Spring-Green?
Spring-Green is one of the top franchises in the industry, with years of experience in helping franchisees set up new locations.
What does a Spring-Green franchise cost?
The cost of setting up a new Spring-Green location varies on several factors, and each franchise is different in that regard. There’s also a difference between setting up a completely new location or only rebranding an already existing business.
Cost of Starting a Business
The cost of starting a new franchise location for Spring-Green is an initial fee that can range from $25,000 - $40,000 with monthly royalties of 8-10% while having at least $60,000 cash on hand and a net worth of $160,000. Plus costs of marketing materials and buying equipment, for a total initial investment of $89,982 - $106,262.
Cost of Rebranding a Business
If you're interested in learning more about this franchise
Rebranding a location might save some money, especially when leasing a new property or building a new location, but there are still costs involved in the rebranding. Just like a new location, a new franchise location for Spring-Green is an initial fee that can range from $25,000 - $40,000 with monthly royalties of 8-10% while having at least $60,000 cash on hand and a net worth of $160,000. Plus costs of marketing materials and buying equipment, for a total initial investment of $89,982 - $106,262.
Cost of Rebranding a Business
While rebranding a location can save money, particularly when leasing or building a new location, there are still costs associated with it. A single-territory franchise location for Black Diamond comes with a variety of charges, as well as subsequent payments, such as supplies, preparation, and other startup costs. A double-territory franchise has marginally higher prices. If there is a low risk in the rebranding procedure, you can expect to invest from 1 to 3% of the possible cost to your company, and if the stakes are high, you’ll want to invest 5 to 10% of the possible cost to your company.
Advantages Of Acquiring a Spring-Green Franchise
A Spring-Green franchise has a lot of advantages over starting your own business, especially when it comes to the established brand you’re joining, the know-how, the standardized procedures, a brand consumers trust, and other factors.
Brand Recognition
As a Spring-Green franchisee, you are also getting the right to be part of the success rate involved with Spring-Green and have to only worry about setting up and managing the franchise successfully. The business model is already taken care of!
Higher Success Rate
As we mentioned, joining Spring-Green as a franchisee ensures you are buying into the trust already established by the franchise. You don’t have to worry about the hard work involved in building a brand consumers trust. You’re paying to use Spring-Green’s recognition.
What is Included With A Spring-Green Franchise?
Being a franchisee for Spring-Green comes with a lot of responsibilities, but also benefits, which include:
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Training
Training for managers and employees, at no extra cost. -
Territory
A franchise territory is a geographical region in which a franchisee is permitted to open and operate a franchised company. Exclusive rights to a franchise territory. No other franchise location will be established within a determined territory. -
Obligations and restrictions
Clear obligations and restrictions about the supplies, services, marketing, and processes that a franchise must comply with. -
Financial Assistance
Spring-Green offers assistance with creditors and loans in order to invest in supplies and other expenses. -
Terms of Renewal
The terms of renewal are established in the franchise agreement reviewed and signed at the beginning of the process to set up a new location.
Best Candidate For a Spring-Green Franchise
A Spring-Green franchisee must be hard-working, goal-oriented, have some previous management experience, along with the ability to be proactive when looking for new ways to improve the franchise as a whole. Above all else, the franchisee must be sure they are completely on board with Spring-Green’s business model and culture.
Entrepreneurs
An entrepreneurial spirit is key for Spring-Green franchisees. It might not be your own business, but each franchise location can be just as demanding as a new business and will require finding solutions quickly and innovating from time to time.
Corporate professionals
Professionalism is required for any business, and especially for Spring-Green. Franchising is about effective communication, honesty, hard work, and respect for processes, and the responsibilities of managing a Spring-Green location.
Experts
Having expertise in the lawn care industry is an advantage, or at least having the skills necessary to excel in it.
Spring-Green franchise owner salary
The Spring-Green franchise owner’s salary depends on the location, and other considerations, but the lawn care and landscaping industry usually pays owners anything from $40,000 to $70,000 yearly, depending on sales.
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