Starting your own plumbing business can be both exciting and terrifying at the same time, especially if you have no idea where to start from. That’s why buying a plumbing franchise might be a good option for you – not only does it give you years of experience to lean on, but it also comes with its own set of tools and resources that will help get your business started off on the right foot.
If you’re still unsure about whether this choice is right for you, read this guide to see if buying a plumbing franchise would be the right career move for you.
Why Buy a Plumbing Franchise?
Most plumbers choose to open their own businesses, either on their own or with some financial help from family or friends. While doing so has its benefits (working for yourself is pretty nice), it’s not easy. In order to get your company off the ground, you need to find work, manage your employees and manage your finances.
With some support from a plumbing franchise, you can have all that done for you—and more. Sure, there are still challenges that come with owning your own business—but when you buy a plumbing franchise, you’re opting for convenience over difficulty.
How to Buy a Plumbing Franchise?
Listings for franchises in your area are easy to find. Just do an internet search for plumbing franchises for sale or something similar and you’ll see what I mean. While many people consider becoming a plumber as an alternative career, it is also possible to run a plumbing business from home in some cases.
The benefits of buying into any franchise will vary depending on the type of business, but most franchisors offer help with things like marketing and advertising, accounting services, employee training, etc. So when you look at how much money it would take to get started without hiring anyone (or with hiring just yourself), franchising might be less expensive—and more efficient—than starting your own company.
How much does a plumbing franchise cost?
Often, people interested in starting their own business find that purchasing an existing franchise is their best option. The benefits of buying a plumbing franchise can include name recognition, training, and more. But one important thing to consider when looking into a new franchise purchase is how much does it cost?
Many prospective owners are surprised to learn that some franchisors charge as little as $10,000 for startup costs. Of course, many other businesses require large sums of money upfront; if you have limited funds available, your initial investment will be smaller. Still, if you’re able to invest more capital upfront—if you’re able to buy for less than $25K—you may enjoy these additional benefits: greater growth potential and long-term return on investment.
Would a plumbing franchise be right for you?
Before you jump into buying a franchise, it’s important to do your research. A great place to start is by searching for plumbing franchises for sale and a list of franchises in your city.
These websites will give you an idea as to how much plumbing franchises cost, how much revenue they bring in, and how many service calls/repairs per day they average. If you want further information on franchises, talk with friends who own them or ask local franchisees about their experiences (or read customer reviews on sites like Yelp).
In short: while buying a plumbing franchise might seem like an easy path toward starting your own business, make sure that it’s right for you before committing to it!
Where to find plumbing franchises for sale?
There are many ways to find plumbing franchises for sale. The most popular way is to search online. Google, Bing, Yahoo, and others all have search functions specifically for finding plumbing franchises for sale. You should also check out local newspapers or news sites in your area.
You can also attend franchise trade shows in your area to see if there are any available plumbing franchises for sale in person. It’s always good to see them a first hand instead of just looking at pictures online. It is important that you do your research when searching for a franchisor as well as potential franchisees or business partners before purchasing any franchise so that you make an informed decision on both your end and theirs.
Do you think a plumbing franchise would be good for you?
If you have any doubts about whether or not buying a plumbing franchise is right for you, try to look at things objectively. Here are some questions to consider: Do you like working with your hands? Are you interested in creating your own business? Are you detail-oriented and patient enough to deal with customers who might be upset that they have a plumbing issue?
If your answers are yes, then perhaps purchasing a franchise is right for you. Start by looking into what different types of franchises are available. Read through their benefits and their pitfalls, and make sure there’s a market need for whatever it is that they do.