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 Touch before making your final decision about buying a franchise.
What is Spring Touch?
Spring Touch is one of the top franchises in the industry, with years of experience in helping franchisees set up new locations.
What Does a Spring Touch Franchise Cost?
The cost of setting up a new Spring Touch 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 Touch is an initial fee of $30,000 with monthly royalties of 6% while having at least $60,000 of capital on hand, and a net worth of $150,000. Plus costs of marketing materials and buying equipment, that amounts to a total of $82,700 to $148,800 in initial investment.
Cost of Rebranding a Business
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 rebranding. Just like a new location, a new franchise location for Spring Touch is an initial fee of $30,000 with monthly royalties of 6% while having at least $60,000 of capital on hand, and a net worth of $150,000. Plus costs of marketing materials and buying equipment, that amounts to a total of $82,700 to $148,800 in initial investment.
Advantages Of Acquiring a Spring Touch Franchise
A Spring Touch 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.
As a Spring Touch franchisee, you are also getting the right to be part of the success rate involved with Spring Touch and have to only worry about setting up and managing the franchise successfully. The business model is already taken care of!
As we mentioned, joining Spring Touch 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 Touch’s recognition.
What is Included With A Spring Touch Franchise?
Being a franchisee for Spring Touch comes with a lot of responsibilities, but also benefits, which include:
TrainingOne of the main reasons people go for a Spring Touch franchise business opportunity is the help with training and preparation. All you need to know about running a company is usually covered in some detail by the franchisor, including product and service information, operations specifics, marketing, and accounting procedures. That's because the franchisor understands how the system operates, has perfected it, and can impart that information to you as a new franchisee. Also, there is training for managers and employees, at no extra cost.
TerritoryA franchise territory is a geographical region in which a franchisee is permitted to open and operate a franchised company. This means that exclusive rights and opportunities are given to a franchise territory. No other Spring Touch franchise location will be established within an already determined territory.
Obligations and restrictionsAll franchisees must follow Spring Touch’s structure, regulations, and guidelines and handle specific location responsibilities, including local accounting and sales force recruiting. In addition, there are clear obligations and restrictions about the supplies, services, marketing, and processes that both the franchise and the franchisee must comply with.
Financial AssistanceSuppose you have doubts regarding the financial process of getting a Spring Touch franchise. In that case, there is always assistance with creditors and loans available if you want to invest in supplies and other expenses.
Terms of RenewalA franchise agreement's extension term applies to the period following the initial term and the franchisee will decide whether or not to continue running the franchise. In most cases, there is no right to automatic renewal. Even so, the terms of renewal are established in the franchise agreement, and they’re also reviewed and signed at the beginning of the process to set up a new location.
Best Candidate For a Spring Touch Franchise
A Spring Touch 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 Touch’s business model and culture.
An entrepreneurial spirit is key for Spring Touch 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.
Professionalism is required for any business, and especially for Spring Touch. Franchising is about effective communication, honesty, hard work, and respect for processes, and the responsibilities of managing a Spring Touch location.
Spring Touch Franchise Owner Salary
The Spring Touch 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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