Anyone experienced with franchises?
I’m curious to hear from anyone who has acquired an established service based franchise as part of their search. What was your experience like with franchisor approval, financing, and the relationship with the franchisor after closing? I’m especially interested in whether the franchise structure ultimately felt like a benefit because of the systems, training, brand support, and business development resources, or whether the royalties and operating restrictions became frustrating once you owned the business.
I’m currently taking a serious look at an established ServiceMaster Clean operation. It includes three territories and has historically generated around $3 million in annual revenue, with a very experienced operations manager and long tenured supervisors already in place. The recurring revenue and existing management infrastructure are attractive to me since my current business is in construction and I’m looking to diversify into recurring facilities services.
Has anyone financed the acquisition of a ServiceMaster Clean franch ise recently? Any lender open to financing the brand?