Full Answer
Is a Jim's franchise worth it?
Not worth to start a franchise with Jim's Group Lot of training. Rates are expensive compared to others. Very expensive Franchisee and ongoing fees about few grants monthly. You work for Jim and his Franchisors not for you.
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.
Who owns Jim's franchise?
David 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. And with money like that comes a life of luxury, fancy cars and extravagant homes.
What is the most profitable franchise in Australia?
The most profitable and best franchise to buy in Australia is 7-Eleven. It offers some of the best terms and conditions, as well as a generous share of gross profits.
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.
How many Jims 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!
How big is Jim's mowing?
Jim's Mowing is the Largest Mowing and Garden Maintenance Franchise System in the world, with more than 1,500 franchisees operating in Australia.
How old is Jim from Jims mowing?
The 66-year-old is probably better known to Australians as 'Jim', the man behind the wildly successful and multi-pronged Jim's Group franchise, which today includes Jim's Roller Doors, Jim's Personal Training, and — of course — Jim's Mowing.
Who invented Jims Mowing?
Jim PenmanJim's Mowing / FounderDavid "Jim" Penman is an Australian businessman and historian in the field of biohistory. He is the owner of Jim's Group, a lawn care service franchise. Wikipedia
What else does Jims Mowing do?
Your local Jim can assist with your lawn care through weed and pest control, top dressing, fertilising, aeration, coring, and turf laying and repair. Ride on mowing is available for all properties and slashing is also available for larger properties.
How old is Jim Penman?
About 70 years (1952)Jim Penman / Age
How much profit do franchise owners make?
When researchers accounted for the inflations caused by the few top franchises, it was established that the average annual income of 51 percent of franchisees is less than 50,000 dollars. The study also found that only 7 percent of franchise owners earn over 250,000 dollars a year.
How much money can you earn owning a franchise?
Generally the larger the initial investment, the longer the pay-back period. An investment under $100,000 may return $50,000 to $70,000 annually whereas a $1.2m business may return $250,000 to $400,000.
How much does a franchise owner get?
The largest fee is made upon initial buy-in of the franchise and requires a large sum of upfront cash. Then, most franchisors will collect royalty fees in percent or fixed form. Percent fees are based on total gross sales and are usually between 5 – 9%.
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.
How much does a Jim’s Mowing franchise cost?
A Jim’s Mowing franchise with no customers starts from $38,000, whilst a franchise with customers starts from $45,000. When you compare it to the initial investment requirements of some retail franchises (many of which start at six figures!), our startup costs are relatively affordable and attainable. What’s even better is that unlike most franchise businesses in the country, we only charge our franchisees a flat monthly fee. That means that you get to keep more of your hard earned money for yourself.
How much is Jim’s Mowing worth?
It makes sense that a franchise in a busy region and territory would be more expensive to purchase than one in a smaller region. Jim’s Group as a whole, on the other hand, has an annual turnover of approximately $500 million and continues to grow with each passing year.
Where was Jim’s Mowing founded?
Jim’s Mowing was founded in 1989 in Melbourne, Australia. Since then, it has expanded its operations to every state and territory in Australia, as well as New Zealand, the United Kingdom, and even Canada. Operations continue to grow each year, and there are plenty of opportunities for growth both here in Australia and internationally.
How do I join Jim’s Mowing?
The first step to joining Jim’s Mowing is to simply start the conversation. Once you’ve submitted an enquiry (either online or by calling our 131 546 number), you’ll be put in touch with a Jim’s Mowing franchisor who will share with you everything you need to know about joining the group. If it sounds good to you, you’ll be invited to spend a day on the road with a local franchisee to experience for yourself a day in the life as a Jim.
Is there money in lawn care?
Believe it or not, but there’s lots of money to be made in the gardening and lawn care industry. All gardens and lawns need regular maintenance, but not everyone has the time to do the job themselves. At Jim’s Mowing, we provide both commercial and residential clients with high quality gardening services, and demand from middle to high income households and older Australians is forecasted to grow over the next few years.
Is Jim's Mowing a franchise?
Jim’s Mowing is fairly straightforward when it comes to its structure. Franchisees provide services to customers, while our franchisors provide support to franchisees. Although a Jim’s franchise belongs to the wider Jim’s Group network, the whole idea is for each franchise to operate an autonomous business. Franchisees are responsible for running the day-to-day operations of their business and are given the freedom to run their own marketing campaigns, build their own business strategies, and hire their own staff. Of course, head office is always on hand for ongoing support, including Jim Penman himself, with whom all franchisees have direct contact.
Strong Earning Potential
Jim’s Franchisees earn more than independent mowing contractors. This is because each Jim’s Mowing Franchisee enjoys:
Set your own Prices!
At Jim’s Mowing we believe in fair pricing for outstanding work and great service. Our Franchisees are always expected to price fairly, but because of our quality and service, ongoing training, insurance and WCB costs, and because we always pay our employees fair living wages, we are not usually the lowest-cost provider.
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.
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.
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 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.