If you’re ready to start your journey into the world of technology franchising, you’ve undoubtedly done your research, but it will only take you so far. There are some important questions to ask when you’re buying a franchise in Australia, that only those knowledgeable in the industry would know to ask.
Luckily, you don’t need the benefit of hindsight as we’ve gotten together some of the most important questions you should ask when thinking of buying a franchise.
Q: Why not just open my own business?
A: We get this one a lot. Simply put, franchises have a much higher success rate than smaller businesses. This is because franchisees benefit from the wealth of support and most importantly, they start out with a proven business model. They also receive continuous training and support.
Q: What type of profit can I expect as franchisee?
A: Generally speaking, because franchisees can expect a bigger chance of business success, they can also expect larger profits, depending on their management style, and so forth. Franchises in the technology sector can expect to make more money than any other industry, as there is nearly always a high demand for products, meaning you can expect a constant flow of business.
Q: Do I need experience working in technology to run a technology franchise?
A: No. If you choose to join the Experimax franchise, we will provide you with all the training you will need to fully understand the technology sector. We also provide the necessary hiring support, ensuring that your employees have the skills to handle the daily technical needs of your business. However, we have seen that franchisees with business experience, tend to do better in the beginning.
Q: I may need financing. What are my options?
A: At Experimax we have a wide range of financing options available to interested parties that qualify. We are more than willing to offer help and advice in securing financing from third parties, as is necessary to start your business.
These are by no means all the questions you should be asking before you decide to join a technology franchise. Experimax has a wealth of advice to offer any interested party. To get your questions answered, contact us today to begin your journey into the lucrative industry of technology franchising.