Turnkey Franchise: How to Hit the Ground Running in Business Ownership
Does the autonomy and work-life balance of entrepreneurship sound appealing? A turnkey franchise is a great way to buy a business that is already set up to succeed. Learn more.
In 2023, mass layoffs sent shockwaves through the corporate workforce with at least 305,000 displaced. Experts expect the trend to continue. Lack of job security and burnout are ramping up stress and prompting people to explore new opportunities. According to a workplace study conducted by the American Psychological Association, at least 77% of U.S. workers experienced work-related stress in the past month, and 57% suffered from symptoms of burnout, such as emotional exhaustion, lack of motivation, and a desire to quit.
Owning a business puts you in charge of your destiny and enables you to build a legacy for your family. However, it can be risky, and take a significant amount of time and money to get started. Turnkey franchise opportunities can give you a head start.
Here are some of the hallmarks of a turnkey franchise:
- Proven business model: The franchise business model allows you to follow the procedures and strategies of a proven business with an established reputation.
- Consistency: To preserve the reputation of its brand name, franchises offer consistent products and services at all locations. You’ll get a brand with a loyal following, which can be an asset when you start a new business.
- Comprehensive training: Having a customer-service mindset and business acumen are assets when starting any business, but you don’t need experience in a certain industry to own a franchise. As part of your initial investment, you’ll get extensive training, access to ongoing guidance, and a network of peers to provide best practices.
- Marketing strategy: You’ll pay a marketing fee to the franchisor as part of your agreement, but you can lean on the franchisor to provide an omnichannel marketing plan to help you generate leads.
- Established technology: A franchise shares technology across its system. It’s tailored and tested to cater to your business. Customized tools will improve organization and enable you to track results accurately.
- Supplier relationships: Franchisors form vendor relationships to ensure you can maintain consistency and find affordable supplies.
What Sets Bath Tune-Up Apart?
With more than 4,000 franchise brands in the U.S., finding the right one can be tricky. One option that stands out in the high-performing home services industry is Bath Tune-Up. As a bathroom remodeling franchise, we offer curated collections to help customers fast-track their bathroom remodeling projects.
To cater to customer demand, Bath Tune-Up debuted in 2020 as a sister concept to Kitchen Tune-Up, which got its start more than 35 years ago. We also have the backing of Home Franchise Concepts, a home services industry leader with 10 brands.
Our initial investment of $104,930 to $158,850 includes access to our training, tools, and marketing strategies. We require franchisees to have a net worth of $200,000 and a liquid capital of $68,930. We do offer $36,000 of in-house financing and a discount of 15% off our franchise fee to veterans to make our franchise accessible.
Our business model has low overhead costs and protected territories starting at 41,000 households. After your initial training, you’ll get a 12-week action plan and a personalized launch coach to ensure you get started smoothly. You can rely on our online design tool to help customers envision their remodeling options and other technology to improve efficiency and order accuracy.
Improve Your Future with Bath Tune-Up
To say goodbye to layoff anxiety and learn more about charting a new course with Bath Tune-Up, inquire now.