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To buy a franchise with The Grounds Guys, you'll need to have at least $50,000 in liquid capital. Franchisees can expect to make a total investment of $82,820 - $202,470. The Grounds Guys charges a franchise fee of $35,000.
How many Grounds Guys franchises are there?
Since then, The Grounds Guys has exploded nationwide with more than 180 franchise locations around the U.S. and Canada.
How much does it cost to launch a franchise?
Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
Are franchise Owners profitable?
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 it cost to buy part of a franchise?
Franchise fees are typically between $25,000 to $50,000 on average. 2) Startup Costs: These are the expenses you'll incur to get your new business open and operating. Initial investment costs vary widely from franchise to franchise.
Do franchises pay taxes?
Franchise taxes are paid in addition to federal and state income taxes. The amount of franchise tax can differ greatly depending on the tax rules within each state and is not calculated on the organization's profit. Kansas, Missouri, Pennsylvania, and West Virginia all discontinued their corporate franchise taxes.
What franchise makes the most money?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
What is the failure rate of a franchise?
The reality is that they generally go out of business at the same rate. However, which franchise you choose can make a big difference, says Kelly. “Some franchise chains have failure rates as high as 80% to 90%, while others have almost no failures.
How long until a franchise makes money?
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.
Is it better to own or franchise?
If you consider yourself a “true” entrepreneur and prefer to do everything under your terms, then you're probably better off building a business from scratch. However, if you want to run a business in your market but prefer assistance to help you build your business, then consider opening a franchise instead.
How do franchise owners get paid?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
Who gets the money in a franchise?
A franchisor makes money from royalties and fees paid by the franchise owners. A franchise owner makes money through profits received from sales and service transactions. This is generally the left-over amount of money received from revenue after overhead costs are taken out.
Do franchise owners have to work?
Many franchises are set up to run as “semi-absentee” ownership models. This means that the owner does not need to manage the business full time. They can hire people to run the day-to-day operations of the business, while they continue to work for another company – or enjoy more leisure time for family and hobbies.
Why does it only cost 10k to own a Chick Fil A?
The franchisee only pays the $10k franchise fee. Chick-fil-A pays for (and retains ownership of) everything — real estate, equipment, inventory — and in return, it takes a MUCH bigger piece of the pie. While a franchise like KFC takes 5% of sales, Chick-fil-A commands 15% of sales + 50% of any profit.
Is it cheaper to buy a franchise or start your own business?
Startup: The Pros With startup costs that could be as low as $10,000, having your own business—whether full-time or part-time, in your basement, your garage, or even out of the trunk of your car—is significantly less expensive than the costs associated with many franchises.
How much does a franchise owner make a year?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
How do people afford to open a franchise?
I've organized this list by level of risk, from most conservative to riskiest.SBA-Backed Loan. ... Find Partners Or Investors. ... Equipment Loan. ... Franchisor Financing. ... Personal Loan. ... 401(k) Rollover. ... Tap The HELOC.
How long does a franchise last?
Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
Who owns Sunshine Grounds?
Tim van Stralen and his nine brothers founded Sunshine Grounds Care, a landscape maintenance business, in 1987. In 2010, they teamed up with The Dwyer Group to use the experience and knowledge gained in running Sunshine Grounds Care to create and franchise a new company: The Grounds Guys.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
What is ground guys?
The Ground Guys ® represents a business ownership opportunity in a familiar, stable industry. We allow franchise owners and their families to experience the lifestyle they’ve always desired full of freedom, flexibility and infinite possibility. Our franchise owners are not in the lawncare business managing people, they’re in the people business handling lawncare. They build connections – with employees, with customers and communities, and with other owners in The Grounds Guys system.
What is GG Pro?
GG Pro Management Software All-in-one tool to manage operations including frontline service and support, customer satisfaction, recruiting and retention, marketing and sales, and financial awareness of your unique overhead needs.
How long is Sure Start training?
Sure Start Business Training Our Sure Start training is a 4-6 week program combining classroom-style business operations, sales, and marketing training. You won’t be mowing lawns, you’ll be running a business, and we’ll help ensure you know how.
Is Grounds Guys a franchise?
With The Grounds Guys proprietary landscape franchise management systems, our landscape franchisees can learn how to find new customers, gain market share over local competition, and operate a profitable and sustainable landscape franchise. The Grounds Guys’ portfolio of services includes landscape management, lawn and grounds care, irrigation, outdoor lighting, and snow and ice removal services for both residential and commercial clients. Each of our landscape franchisees is unique and they decide on which of the areas they would like to concentrate. Read on to learn how The Grounds Guys can help you achieve your goals.
Is grass going to grow during the recession?
Recession-Resistant - Regardless of the economy, grass will continue to grow.
Can the corporate world promise you a bright future?
For all the corporate world has provided throughout your career, it cannot promise you the bright future you deserve – a future filled with freedom, flexibility and infinite possibility.
Can a franchise owner cross market?
With the largest national home services customer base in the industry, our franchise owners have the potential to cross-market to customers of the other Neighborly brands in their area.
Background
With The Grounds Guys proprietary landscape franchise management systems, our landscape franchisees can learn how to find new customers, gain market share over local competition, and operate a profitable and sustainable landscape franchise.
Company Details
Established: 2010 First Unit Franchised: 2010 Franchised Units: 253 Company Owned Units: 0 States Registered In: Full Registration in all states.
Support and Training Offered By The Grounds Guys
Our Sure Start training is a 4-6 week program combining classroom-style business operations, sales, and marketing training. You won't be mowing lawns, you'll be running a business, and we'll help ensure you know how
2022 Franchise Requirements Needed to Own a The Grounds Guys Franchise
Total Investment: $81,220-$200,870 Franchise Fee: $36,920 + $350 per 1,000 population above minimum Royalty: 6% Ad: 2% Average Number of Employees: 5 Passive Ownership: Can be semi-passive from the start Home Based: Yes B2B: Yes Veteran Discount: 15% off initial franchise fee Master Franchise Opportunities: No
Franchises Similar to The Grounds Guys
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Remarkable Lawn Care and Landscaping Franchise Opportunities
Interested in the lawn care and landscaping industry or already a part of it? The Grounds Guys maintains, enhances, and creates the best-looking lawns and landscapes in communities across North America year-round.
Why The Grounds Guys?
Where many home services require infrequent visits, quality lawn care and landscaping services are performed weekly, giving your business the chance to capitalize on repeat business.
Your Business Support Starts from The Ground Up
When starting your new lawn care and landscaping business or converting your existing business, you’ll benefit from the power of our brand equity and focus on customer relationships — but the perks go beyond that. From the minute you're awarded a franchise, your training, marketing and support systems come to life.
Your Business Support Starts from the Ground Up
From the minute you are awarded a franchise, your training and support system come to life. These are the support branches you’ll likely lean on most.
A Mind for Business Meets a Heart for Service
Let’s face it. You’ve always had one of the nicest yards on the block. You take pride in the appearance of your home and your entire neighborhood. You and your family are already involved in the community, but always looking for ways to make a bigger impact.
Ready to Reconnect With Your Roots & Thrive In Business?
If The Ground Guys sounds like the opportunity you’ve been waiting for, learn more about the unlimited possibilities ahead.
What is ground guys?
The Ground Guys® represents a business ownership opportunity in a familiar, stable industry. We allow franchise owners to experience the lifestyle they’ve always desired full of freedom, flexibility & infinite possibility. Our franchise owners are not in the lawncare business managing people, they’re in the people business handling lawncare.
What is GG Pro?
GG Pro Management Software - All-in-one tool to manage operations including frontline service and support, customer satisfaction, recruiting and retention, marketing and sales, and financial awareness of your unique overhead needs.
What is fresh coat?
Fresh Coat is North America’s leading high-volume interior painting company. Be the boss - don’t paint! Build an organization in an industry with high income potential. Fresh Coat is a turn-key franchise offering high profit margins and low start-up costs. Inquire now to learn more.
How long is Sure Start training?
Sure Start Business Training - Our Sure Start training is a 4-6 week program combining classroom-style business operations, sales, and marketing training. You won’t be mowing lawns, you’ll be running a business, and we’ll help ensure you know how.
Is No H2O a franchise?
No-H2O is the first company to franchise On Demand Waterless Car Wash. The future is technology driven and offering the consumer pure convenience using the gig economy workforce. We are targeting time-starved busy consumers. Inquire now to learn more about this ground-breaking, innovative franchise opportunity with unlimited growth potential!
Is grass going to grow during the recession?
Recession-Resistant - Regardless of the economy, grass will continue to grow.
Can the corporate world promise you a bright future?
For all the corporate world has provided throughout your career, it cannot promise you the bright future you deserve – a future filled with freedom, flexibility and infinite possibility.
How many Grounds Guys franchises are there?
As of the 2020 Franchise Disclosure Document, there are 160 franchised The Grounds Guys locations in the USA.
What is ground guys?
The Grounds Guys provides professional landscaping and lawn care services for both residential and commercial clients. These services include snow removal services; trash and debris removal; horticultural services, namely, sod installation, commercial and municipal lawn and vegetation fertilization and treatment; and other related services and products.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 160 franchised The Grounds Guys locations in the USA.
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
Do they offer Territory Rights?
The Grounds Guys offers territory protections. For an explanation of territorial rights, unlock this franchise for important details.
The predictability of landscaping franchises makes them a safe business
Patrick: That’s great. I can relate to that as my brother and I have started a couple of businesses. And what I tell people with franchising, your road to breakeven and profitability is much easier to predict. Franchising’s nice. You have predictability.
Efficient franchise system for profitable businesses
Josh: It is. I’ve run three different franchise systems, and they’ve all been very similar. We help with the systems, the processes, and we also make sure that their owners understand that it’s a different level of management sometimes, when you’re getting into a new business. And that’s where we give a little bit of a jump start.
Long-term business relationships ensure profits
Patrick: Yeah. It’s tight. Do these big companies need to be doing a lot of landscaping routes?
Residential and commercial landscaping service
Patrick: It´s probably the owner doing business with the owner, the franchise owner and it’s either the key executive or the owner that he’s selling to and servicing, right?
The Grounds Guys: Customized Business
Patrick: Yeah. John, what is the ideal franchisee? What does that person look like? Who’s just killing it with The Grounds Guys franchise?
