You have likely heard about junk removal franchise opportunities and perhaps even thought about trying it yourself. They sound great on the surface, as everyone at some time or another wants to haul items they no longer use out of their home and/or business. However, before you jump into junk removal franchise opportunities, you need to consider the following factors to know whether such an opportunity will be profitable and beneficial for you or not.
Are You Cut Out for It?
First, just because junk removal franchise opportunities give you the ability to be in business for yourself doesn’t mean it will be smooth sailing from the beginning. While you start off with a business, you do have to pay an upfront franchise fee that is at least in the thousands of dollars range, if not $10,000+ or even $100,000+. On top of that, you also have to pay monthly royalties for a period of 10 to 15 years, usually about 6% to 8% of your monthly revenues. In addition, you also have to contribute about 1% to 3% of your monthly revenues toward the franchise’s marketing and advertising budget.
Plus, just because you get a business right off the bat does not mean it will be easy. You still have to put in hard hours, especially at first, in order to establish your own business and make it profitable. If you have limited or no business experience or acumen, it may be tougher than you think, so consider all junk removal franchise opportunities carefully before deciding to go for it.
Which Franchise to Join?
If you do decide to go for the opportunity, the question is, “Which franchise do I join?” The answer to that will depend upon research, particularly checking out each franchise’s background and reputation, as well as what resources they provide you in terms of training, tools, and support. You need to evaluate exactly what you need regarding your own business background and acumen to make a good choice for you.