Utility Franchise – Startup Cost, Profit, Fee, Location, Price and Revenue
Do you know about franchising a Utility store? Are you a technology savvy and interested in starting a business in the technology industry but you don’t know how to go about it? Fret not because I’m about to show you one of the easiest ways you can start a successful technology based business without going through so much stress.
One of the easiest way you can start any successful business without the need to possess the detailed knowledge required for starting this business and go through unnecessary stress of building a business is by starting a franchise business.
A franchise is business model in which operate your business under an already established business. You do this by making use of the already established business name, brand and its mode of operation and pay them in return. This saves you from the hurdle of building a business from the scratch.
While there are many franchises you can invest in, it is advisable to do a thorough research to find out the one that best suit you. If you are interested in a technology related franchise, then you should read this article as I am about to intimate you with one of the best technology based franchise that you can start.
ABOUT UTILITY COMPANY FRANCHISE
The Utility Company Franchise offers technology as utility to small and medium sized businesses. They do this by providing virtual IT services and support for a monthly fixed fee. Customers receives onsite support and business technology consulting from the company and through their franchisees.
The Utility Company was established in 2006 by Mark Scott in Ottawa, Canada. It was established to address two major problem that small business owners face. The problems are overspending on technology and under-utilization of technology. The Utility Company solve these problems by doing the review of the utility expenditure of small businesses so as to identify the reason for overspending.
After identifying the root cause, the Utility Company then recommends, provides and implements the effective solutions to the problem. The Utility Company have become a force to be reckoned with in their industry because of the great services they offer their clients.
And in order to do more and perform better, the Utility Company introduced franchising to their business and this has also recorded a huge success. So, if you are interested, you can apply for the Utility Company Franchise.
BENEFITS OF THE UTILITY COMPANY FRANCHISE
One of the great benefit of Utility Company Franchise you enjoy is their reputable brand that customers have come to trust. If you start a Utility Company Franchise, you will need not to stress yourself with the hassles of trying to build a brand from the scratch.
Another benefit is that it is a home based business so the expenses required to run it is not as much as most of the other franchises. Since you can do the business from home, you might not need to get an office or hire staffs. It also give you flexibility in your time structure.
It requires a low start up and operating cost. This means that you can start with a low investment which you can easily pool together.
The Utility Company Franchise assist their franchisees in site selection
There is also the benefit of in-depth trainings where you are shown the complete framework that is sure to accelerate your business growth. And this training is not a once and for all thing but a continuous one.
The Utility Company Franchise offers a wide range comprehensive support which include, office support, service delivery support, sales and marketing support.
REQUIREMENTS FOR STARTING UTILITY COMPANY FRANCHISE
The first requirement you need for any business you want to start is passion. It is this passion that will help you preserve in the business regardless of the challenges you might face. So, if you are interested in starting the Utility Company Franchise, you must be passionate about Information Technology and most importantly about helping people. You must also be ready to put in your best.
Though starting a franchise business helps a great deal as you have an established brand to leverage on, you will also need to give your best to the business if you want it to be highly success. Another requirement is that you must have the financial capacity needed to invest in the business.
STARTUP COST UTILITY COMPANY FRANCHISE
How much does it cost to open a Utility franchise store?
Is Utility a franchise that is expensive? What is the average Utility franchise fees? To start the Utility Company Franchise, you will need to make an initial investment which ranges from $45,000 to $71,000. Then there is an ongoing franchise fee of $39,000, 7% royalty fee and 2% advertising royalty fee.
HOW TO START UTILITY COMPANY FRANCHISE?
To start the Utility Company Franchise, the first thing to do is to make check their requirements and find out if you meet them. You should also make sure that you have the required capital to start the business.
After doing this, you can then visit the company website on www.theutilitycompany.co.nz to find out how to apply for the franchise. And then follow the application instructions. After doing this, you need to wait for approval and further instructions. If you need to make any enquiry you can call them on this number 0800 488 454.