Franchise business

Franchise Business for Sale Opportunities Online

Shopping has never been as easy as it is today. In the old days, people were confined to the shops around their home, and not many choices were available, neither in the things they wanted to buy, nor in their prices. In the 21st century, this has dramatically changed. Technology not only makes it easier for people to move from one place to another in search of the exact things they want, but it is also allowing people to buy without moving from their home. And they can buy the things they want from any place. And receive them at home.

This is as true as it was shocking for people one decade ago, and as obvious for people used to buying online nowadays. Indeed, today most of the big shops have an online shopping service. This means that shopping is as easy at it is to look at the pictures of the things sold on the Internet, and click to pay for it with a credit card. And then, you only have to wait to receive the items at your home.

 There is usually an obstacle to buy things from far away from your home through the Internet, thought. If you buy something within your country, there are no taxes other than the usual ones you find when you buy something in a shop, plus the delivery expenses. However, if you buy something from a shop in another country, you must pay the international taxes for importations. And these are sometimes high. For example, to buy some clothes from the United States to import to Spain for the value of 50 dollars, you might have to sum almost the half of this cost in taxes.

These taxes many times dissuade people from buying things internationally. Now: is this the way it should be? Should people have to pay elevated taxes to buy anything they need or want? In a world that is everyday more global and cosmopolite, should people have this obstacle in the commerce? Is not this a contradiction in the way technology is changing the world?

 This is what it seems. It is in this context that “franchise business for sale opportunities online” comes into play. Franchising can be referred to as the art of selling the right to use an existing business’s successful model. The franchise is a  very effective alternative to reduce the huge investments and liability involved in building a chain store. The supplier is known as franchisor  who allows the franchisee, to use his business’s trademark and to distribute the firm’s goods. In return, the franchisee is required to pay the franchisor a small amount of fee.

Currently, there are many websites offering franchise business for sale opportunities online. Some of the more popular websites are:

  • Franchise direct (www.franchisedirect.com)
  • Daltonsbusiness.com (www.daltonsbusiness.com)
  • BusinessesForSale.com (www.businessesforsale.com)
  • Entrepreneur (www.entrepreneur.com)
  • FranchiseOpportunities.com (www.franchiseopportunities.com)
  • Franchise Solutions (www.franchisesolutions.com).

 The most common businesses of this type are those on:

  • electrical appliances, such as computers and mobile phones (to sell as well as to repair them),
  • moving supplies,
  • medical practices
  • accounting practices (the most thought after locations are in cities, like this one:  accountant Sydney CBD)
  • tax preparation firms (like tax return Sydney CBD)
  • cleaning services,
  • sexual items (toys, videos, etc.), dating services, child care, food (restaurants, fast food, coffee, organic products, etc.), cleaning products, beauty products and services, services for animals and pets (food, supplies, etc.), and properties (construction, home building, estate agency, letting agency, property investment, refurbishment).

Franchise businesses for sale opportunities online are not only useful for people consuming, but also for people who invest in a business. The current economical crisis has caused many people loosing their jobs, and many other people earning less money than they deserve. Investing in a business can be the way to make a decent living. It can even be the way to make as much money as you want. It is also a very easy way of earning money, since you can manage it from your home, and you do not need to be dependant on the orders and requirements from any boss. Investing in a business is for many people the way to the freedom of the working chains, as well as the way of relaxing about their economical situation, when it is not as good as they wish.

Location List Price Monthyly payments
Sydney Inner West $27,940 2,000 Work Availability Guarantee from $770/week
Sydney North East $27,940 3000 Work Availability Guarantee from $770/week
North Shore & Eastern $27,940 4000 Work Availability Guarantee from $770/week
Sydney South West $27,940 4000-6000 Work Availability Guarantee from $770/week
Sydney North East $27,940 4000 Work Availability Guarantee from $770/week

This is an example of how one of these businesses works, extracted from http://franchise.jimscleaning.net.au/Sydney/Business-For-Sale-Table.php :

Jim’s cleaning – Australia Largest Cleaning Franchise:

Everything is included in the purchase price

•          Work Availability Guarantee from $660 up to $2200 per week

•          Onroad training & theory training

•          Uniforms & equipment

•          Stationary and promotional material

•          Access to discounted mobile pone plans, insurance and fleet discounts for vehicle purchases.

Both using a franchise service for sale opportunities online as a client and as an investor might seem difficult to some people. You maybe do not know were to start from. Because of this, most of the websites previously mentioned offer advice services, both to buyers and to sellers. For example, Franchise Direct offers consultant opportunities: http://www.franchisedirect.com/computerinternetfranchises/visible-link-10019/ , and Bussinesses for Sale offers many advices: http://spain.businessesforsale.com/spanish/articles/buyer-articles .

Looking for information about franchise business for sale opportunities online is easy through the Internet and you might find it a solution for your economical situation, necessities and ambitions. Online business is a future of businesses in our era, and for this reason we encourage you to get informed about it. You will find websites on it in any language, although English, French and Spanish are the most common.

If you are looking to purchase an accounting and tax return preparation franchise business please contact Accountant Sydney for a expert support.

Step by Step instructions to buy a business

Step by Step instructions to buy a business

Business is an economic activity aimed to generate profit. Like every economic activity, even running and ongoing businesses are being sold and bought. The scales may be local or global. The reasons for sale or purchase of business entities may be numerous and varied.

It is wise to buy out a business rather than start it from scratch if you have some capital to invest and some experience with which you wish to venture on your own. This running business has its advantages – it has buyers, customers, employees, assets, goodwill etc. and you save a lot of time in setting this infrastructure. In all likelihood, the business will also have operating profits as well.

Most large business organizations, in the course of their diversification or expansion cycle, also prefer to buy out a business rather than start from scratch. It helps them hit the ground running. They have a set platform to start off and they modify the operations gradually to suit their way. They set new objectives, goals and targets. They evolve fresh strategies to run the business to fulfill the objectives.

The first and foremost factor essential before you venture to buy a business is to identify the business you wish to buy.

It is best to do a ruthless SWOT analysis [Strength, Weakness, Opportunities, Threats] of the business you wish to acquire. Importantly, analyse the reasons that attract you in that sector. Your skills, experience and interest must complement with the requirement of the successful operations of the acquired business in future.

The amount of money you have at your disposal to spend to buy a business will determine the size of the business you can acquire.

Typically you should have at least 40% of the amount ready with you before you venture to buy a business. The balance 60% amount of the negotiated purchase price may be financed from bank or lender(s). However, there are financial experts and advisors who suggest that you should have at least 10% value of the total price reserved with you for any contingencies which may arise during the taking over and running of the business after you acquire it. This will keep you free from stress and give you better maneuverability.

Targetting the business:

Once you have made up your mind on the sector and size of business you wish to buy, its location and price range; then start looking up for advertisements ‘Business for Sale’ in newspapers and trade magazines. Additionally, you can also put your ads ‘ wish to buy’ in the newspapers describing what you are looking. But do not restrict yourself to just these. You can make your own research and enquiries for businesses that you find attractive for your parameters. Using your contacts and networking skills, you can find out about them as well. Though these businesses may not be officially up for sale, but your offer may be appealing to them. You may hear from them as well.

You can also approach brokers who are specialized in this activity. They typically charge 5 to 10 percent of the total deal and mind you, it is worth it. These brokers will guide you in making your decision. The reputed brokers do not undertake work for those business up for sale who do not provide reliable information, financial or legal or provide incomplete disclosures. These brokers thus also help you in pre screening. In the case of large business acquisitions and mergers, there are specialized Mergers and Acquisitions (M & A) companies who do the same type of work for a price.

Research and Due-diligence:

Once you have an offer which is to your liking, do not get over excited about it. It is obvious for you to not to show excitement or haste in assessing the offer. A minute and detailed study of various financial statements, contract documents, assets, liabilities, receivables and payables etc. is necessary to ascertain the state of health of the business you wish to buy. Do not hesitate to ask for any detail or verification you need to satisfy yourself. It is important to go through the financial statements for the last five years as well as projected financial statements.

Make a list of top five or ten existing customers of the business presently. Also check for their length of association with the company. You can discreetly discover from them about their views about the company. Similarly, do the exercise for the top five suppliers of the company. This first hand review will give you a fair idea about the operations and work culture of the business.

It will be wise to find the opinion of the peer businesses or the competitors about the business. Any local issues must be enquired at site itself to understand the dynamics of the business. It is best to spend adequate amount of time and expertise in this stage. You make take help of Accountants and Attorneys who will give you a more qualified opinion on various financial, taxation and legal aspects of the business.

Valuation :

This is the most critical and unchartered territory of the whole deal where various factors are involved. The cost of landed properties, buildings, assets, inventories, market share, goodwill etc. are few of the important factors which determine the value of the business. It is ultimately the buyer’s understanding of the business which determines its price. However, one thing must be clear in buyer’s mind. It is the Return of Investment (ROI). If the ROI of your investment is low, then you should reconsider. The smaller businesses should necessarily have higher return compared to the large business acquisitions. One thing is important to remember here – do not be lured to buy a business at a higher price because you have already invested enough time, money or energy into it. There are other options available and the world does not end on this deal.

Structuring the deal :

Once the price is negotiated mutually, then the payment schedule is drawn. If it is Asset based deal, then you may make an upfront payment of 30 to 50% of the value and the balance payments shall be made in parts over an agreed period of time. In case of Stock option, you buy the stocks of the Company from its owner. This is an area which experts handle best. You have to make the final document which reflects your understanding and intent regarding the purchase from legal, financial and taxation viewpoint. The contract should allow you to rescind the deal if you find that the owner has intentionally misrepresented facts or concealed essential information.

Cleaning and house keeping business opportunities

Cleaning and house keeping business opportunities

 Cleaning and house keeping are the new areas of business opportunity for many entrepreneurs around the world. Everyone likes to work and live in clean environment around. In order to get the cleanliness, an effort is needed. Either the effort is put in by the individual or has to be acquired.

With changed lifestyles, where both husband and wife are working, the cleaning of households gets ignored on day to day basis. Even on weekends, the cleaning task looks cumbersome and boring.  In this backdrop, the scope and prospects of professional cleaning services business has been on the rise.

The cleaning business in Australia is estimated to be more than $2 billion per annum!! It has a business opportunity in all areas which encompasses large factories, big corporations, office buildings, large malls, small shops and households. The idea is to deliver the service efficiently and punctually.

One can venture into home cleaning business with just few basic skills. It may be noted that there is a world of difference in enjoying the cleaning of your own house and cleaning it professionally for someone else where you are paid. The job demands a lot of physical fitness, punctuality and eye for detail. It will be prudent to first make a proper plan before you venture into it.

You have to venture out initially within your known acquaintances to get your first few contracts. Thereupon, you can build up your client base with referrals and networking as well as word of mouth publicity. Trust plays an important role when some one awards you the contract. Over a period of time, you can use local advertisements in newspapers to acquire new customers.

Hiring the right people as you expand your business is crucial. The right employees are the most important  assets for your company. You have to train them well and also supervise their activities. Taking regular feedback from your customers will keep you updated about the performance and skills of an employee.

You can also specialize in After party cleaning; End of tenancy cleaning; Garden cleaning; etc. The more specific your cleaning type, the more skills will be needed to deliver the services. And sure, these pay better. Carpet Cleaning is another specialized cleaning in demand from both businesses and households. But this requires specialized equipment and training.

Another advantage of starting a venture of this type is that you can operate from down town address or even from your home. With good PR skills and communication ability, this business can grow very fast. You can work alone or with your spouse or a partner during the startup phase. You can even choose your working hours of your convenience in the beginning. It is always advisable to start slowly and grow gradually in this business.

Pricing is an important factor. The cleaning rates are on square foot or per room or per house or per hour or per shift. There are no fixed rules for the pricing. You will have to be alert on your part before you quote your rates. Make a quick calculation of the time it will take to clean the particular house or room. Even if you are yourself doing the work, assume that you have to pay an employee for doing the work. Add the cost for transportation of equipment and other incidental expenses plus your profit margin.

With experience, you will be able to factor in the various costs involved on taking the job and making a quote for a job. However, no two houses are same when it comes to their cleaning needs. A house with pets (or with kids) will require more cleaning!!! It will be wise to research on the going rates of cleaning rate in your locality before you quote.

Getting a franchisee for your location from a reputed name in cleaning industry has its own advantages. First and foremost, most of them provide you with adequate training which enables you to learn the job. They will train you in cleaning, book keeping, hiring the right people, supervising, getting the required equipment, licences, insurances etc.. By being a part of a reputed name in the cleaning industry, the clients are more likely and willing to award the job.

The significant advantage of being a franchise of a leading brand is that your venture gets promoted through the advertising campaigns of the parent company. You will essentially be benefitted by getting the leads from the company. Most of the large companies are better structured to provide you regular support and help.

These companies guide you well to get the right kind of equipment for your needs. They also help you in hiring staff and training them for you. The experience of these company executives is of great help in setting up and expanding the business. With trained support, you are more likely to tide over the ‘teething troubles’ of any business venture.

The specialized cleaning services mentioned above, including carpet cleaning and landscaping, are other areas which can be ventured into easily when you are associated with a large company as its franchise. One can access the training and supervision of the parent company is executing the specialized jobs.

The book keeping and accounting are vitally important in running a successful venture. The parent company trains you in this aspect of business which enables you to keep track of your progress and identify the shortcomings of your venture before it is late.

Indeed, the profits are considered less when one is working as a franchise, because one has to share the profit. But the experience and expertise of the parent company is a big help for the startup venture. They give you the sense of pride and perspective. The prospects and the success stories of other franchises motivate you to strive harder to grow.