At Jim’s Group, the majority of our franchise owners go on to build highly successful and profitable businesses. Our franchise businesses are a gold mine when it comes to earning potential, largely as a result of our unique fee structure. Unlike most franchise companies, we don’t take a percentage of our franchisees’ total sales.
Is a Jim’s franchise a good investment?
But with some franchise owners selling their Jim’s franchises for hundreds of thousands of dollars, it’s fair to say that owning a Jim’s franchise is a safe bet and a good investment. If you’re curious to learn more about joining Jim’s Group as a franchisee, we would love to hear from you!
How much does a Jim's cleaning franchisee make?
A franchisee I spoke for a Jim's Cleaning Franchise said he makes some good money. $2-$3k per week. That involves residential cleaning at day and some commercial cleaning at night. It also includes contracts for lease cleans for rental properties and contracts with builders for new home cleans.
How many Jim’s franchises are there in Australia?
Today, there are over 4,350 Jim’s franchises Australia-wide, making Jim’s Group Australia’s largest franchising family. But how did it all start, and what is it really worth today?
How much does it cost to open Jim's mowing franchise?
He will need to pay an upfront franchise fee of $38,000* to cover equipment, training, uniforms and the franchise itself. He will also need to pay a flat monthly fee, as well as a weekly franchise fee. He is also charged $9-12 for each lead he receives from the Jim's Mowing franchisor, even if it does not lead to a job.
How many franchise owners does Jim's Group have?
When did Jim sell its first franchise?
What year did Jim start?
When did Jim’s Mowing start?
How many businesses does Jim’s own?
Why did Jim start taking on subcontractors?
What is Jim's Pay for Work Guarantee?
See 2 more
About this website
Is Jims franchise profitable?
At Jim's Group, our franchises come with low startup costs and low overheads, meaning that we have some of the most profitable franchise opportunities out there on the market. And since we don't take a percentage of our franchisee's sales, our franchise business owners typically enjoy high profit margins.
What is Jims franchise fee?
For $32,500.00 (until August 31, 2022) you can purchase a Jim's Mowing franchise including access to the brand, advertising, digital marketing, systems, software, support and professional coaching.
How much do franchise owners make in Australia?
The national average salary for a Franchise Owner is $75,000 in Australia....Franchise Owner Salaries.Job TitleSalary7-Eleven Franchise Owner salaries - 1 salaries reported$70,000/yr13 more rows
How much does Jim Penman make?
His face is plastered around the country and his gardening empire rakes in $500 million a year. This is the story behind Jim's Mowing.
How much does it cost to start a Jim's Mowing?
Investment capital is between $20,000 and $50,000 to help offer gardening service to residential and commercial clients. Compared to other franchise businesses, Jim's Mowing has 88% of its franchisees still in business at the end of their first year, with most of the rest selling for a good price.
How much is Jim's Mowing worth?
It has an annual turnover of over $500 million, approximately 4,000 franchises and about 35,000 customers. Jim is still the CEO of the group and actively involved in day-to-day operations....Jim's Mowing.FounderJim PenmanOwnerJim's Group4 more rows
Is it worth being a franchise owner?
If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.
How long before franchise is profitable?
One common misconception when it comes to operating a franchise is that once you sign on the dotted line and open for business, the customers and revenue will start flowing. This is typically not the case. It normally takes a year or two to become profitable.
Can you make good money owning a franchise?
Buying a franchise might seem like easy money, but those royalties and fees will quickly cut into profit margins. The majority of franchise owners earn less than $50,000 per year.
What religion is Jim Penman?
evangelical ChristianPersonal life. Penman has been married four times and has 11 children. He was an atheist up to his conversion to Christianity in 1979 and he describes himself as an evangelical Christian.
How old is Jim Penman?
About 70 years (1952)Jim Penman / Age
How many divisions are in the Jims Group?
50 service divisionsAstonishingly, there are more than 50 service divisions belonging to Jim's Group! There's a Jim's service to satisfy just about all your needs, from your home or business, to your car, pets, and even dietary requirements!
How much can you make from Jims Mowing?
Jims Mowing pays its employees an average of AU$22.54 an hour.
How much does a lawn mowing franchise cost?
A Jim's Mowing Franchise cost can begin from $20,000 — $50,000 and may consist of equipment, training and service. A franchisor is somebody that has the rights to some condition and can be responsible for promoting the franchise and handling the wellbeing of the yard mowing franchisee.
How many different Jim's franchises are there?
Astonishingly, there are more than 50 service divisions belonging to Jim's Group! There's a Jim's service to satisfy just about all your needs, from your home or business, to your car, pets, and even dietary requirements!
Who started Jim's Mowing?
Jim PenmanJim's Mowing / FounderDavid Penman did. More colloquially known as “Jim”, Penman is the man who started Jim's Mowing with a $24 investment and turned it into a business with an annual turnover of $500 million.
How much does a Jim's franchise cost?
Given the wide range of service industries offered as part of Jim's franchising, the costs will vary depending on the franchise you choose. If you want to open a franchise in a particular industry, you can apply for a quote through the Jim's Group website to get an idea of the cost of that specific franchise.
What is a Jim's franchise?
What is a Jim's Group franchise? A Jim's Group franchise is an option for those looking to operate a small business without having to build it from scratch. You can purchase a Jim's franchise in a range of service-based industries and then pay an ongoing franchise fee in return for support from the franchise group.
How to become a franchisee at Jim's?
To become a franchisee you'll need to speak to their team to make sure the service and area you're interested in is available. Once that has been confirmed you can go on a trial day with an existing franchise owner to help you make your decision. If you decide to go ahead with buying the franchise, Jim's Group will provide you with the necessary training and guidance.
How to compare finance options for Jim's franchise?
When comparing your options, you should consider the following: Loan amount. Make sure the loan you are applying for will cover the amount you need.
Do you need a loan to start a franchise?
Loan amount. Make sure the loan you are applying for will cover the amount you need. As well as the initial franchise purchase price, you may need finance to fund any additional equipment, training or other costs associated with setting up the franchise business that are not covered by Jim's. However, it is important that you do not borrow more than you need to ensure you don't have to pay unnecessary interest.
Is Jim's Group a semi-autonomous company?
Each division is a semi-autonomous business that is part of Jim's Group, but comes with its own uniforms, logo, training and marketing.
Is it better to open a franchise or start a small business?
While opening a franchise may be a good idea for those with little experience running a business, you should always consider both the benefits and drawbacks of a franchise before making a decision. Opening a franchise can offer more support and help streamline the process, but you will have less control over how you run your business compared to opening your own small business, and you will have to pay upfront and ongoing franchise fees. You should research your franchise options and look into starting your own business to see which suits you better.
What does a franchisor want to sell?
The franchisor wants to sell to you, then they want to sell you to make more money for them. They are not trying to help you, they want to make money from you, that's all they care about in the end.
How much does it cost to start a cleaning business?
Just get an ABN, liability insurance, few decent cleaning products/equipment, some business cards and flyers from vista print, and boom, your in the cleaning business for under $1000.
Is Jim's franchise good?
Yes I checked the current franchise threads . Generally about food franchises. Couldn't find anything about Jim's franchises. But gathered the general concensus was that they are no good.
Do you have to be good at selling?
Whether you're structured as a franchisee or other freehold business, you got to get good at selling if you want to achieve awesome results. Some people are natural salespeople and other have to work hard at it. Either way, ther's no way around it if you want to succeed.
Ready Made Customer Base
Instead of going door to door trying to drum up new business he cleverly realised that if he could buy some existing mowing rounds then he would have a ready-made customer base – which is exactly what he did.
Selling by not selling
Jim Penman has many talents but selling skills did not come to Jim naturally. In his book “What will they Franchise Next” The Story of Jim’s Group (2003) he says
Guaranteed Income
Early on in the mowing business Jim found that sometimes when he sold his mowing rounds the new owner would have existing customers drop out from that round. The effect this has was that the new owners had less income then they were first lead to believe.
How many franchise owners does Jim's Group have?
Today, Jim’s Group is home to more than 3,800 franchise owners and operates in Australia, New Zealand, the United Kingdom, and Canada. Although Jim himself owns several of his own franchises, Jim’s Group at the end of the day is made up of individual business owners who own and operate their own franchises.
When did Jim sell its first franchise?
In 1989 , Jim sold his first franchise. Jim’s Mowing was officially no longer a one-man show, and became for the first time, a group. The business model has developed over the years, however, the guiding principles have remained the same. By franchising, Jim’s Group would provide small business owners with the opportunity to capitalise on the group’s brand recognition and their well-established systems and models, whilst also allowing them to have control over the day-to-day operations of their businesses.
What year did Jim start?
The story of Jim’s Group began in the 1980s, when a graduate student decided to start a part-time gardening gig to make some extra money while completing his PhD at LaTrobe University. Jim started his business with a meagre $24 investment, so it’s fair to say that Jim’s Group had humble beginnings. Nobody at the time would have imagined that this small gardening business would become the nationally recognised brand that it is today.
When did Jim’s Mowing start?
In 1982 , he took the plunge into working on Jim’s Mowing on a full-time basis and began laying the foundations for what the company is today.
How many businesses does Jim’s own?
Over the next two decades, over 50 new divisions would follow. Today, Jim’s Group is home to more than 3,800 franchise owners and operates in Australia, New Zealand, the United Kingdom, and Canada.
Why did Jim start taking on subcontractors?
As the business grew, so did the operations. Jim began taking on subcontractors to help out with the growing workload. Eventually, he began building up and selling his lawn mowing rounds, which worked as another way of coping with the incoming leads.
What is Jim's Pay for Work Guarantee?
This guarantee means that all of our franchise owners are guaranteed an income of at least $1,200 per week. We’ve integrated this guarantee into our business model because we want our franchisees to feel supported and financially secure. Ultimately, we want our franchisees to spend the majority of their time providing high quality services to their customers and innovating as a business owner. If they’re worrying about whether or not they’re going to have enough cash to pay the bills, then they’re just not going to be as productive.
