If you’re thinking about buying into the franchise system, you might be wondering what are the best franchises to own.
You want to make sure that you are putting your money toward a franchise that is going to be a wise investment and earn you enough profit to have made the effort worth it.
While lots of companies claim to be the most profitable franchises, you want to have a clear understanding of how you’re going to make money.
In this article, we’ll talk about some of the reasons why investing in a Joshua Tree Experts franchise could be a wise move from a financial standpoint…as well as for your future.
#1: You’re Not Just Buying a Job
One of the most important things to look at when evaluating a franchise is whether it’s scalable. In other words, you don’t want to just “buy a job.”
A job will produce income but it’s not going to be scalable and allow for growth in the same way that a franchise could. A job is really just focused on the year-to-year but it’s not looking ahead.
What makes a Joshua Tree Experts franchise different is that in addition to that income (paying yourself a salary), you are also building equity in the business which will also come back to you as profit. You are continuing to build wealth through that equity.
For one, with a tree care franchise, there is a tax advantage with the Section 179 tax deduction. This allows businesses to write off the equipment in the year that it was purchased.
There are also real estate tax advantages when you buy or construct a site for your headquarters.
All of this is part of building equity that doesn’t come with every franchise opportunity. They’re focused on income and what you’ll make in a year.
But this franchise is focused on the future.
#2: You’ll Have Multiple Recurring Revenue Streams
When looking at the best franchises to own, you want to make sure that you have ways to diversify with additional recurring revenue streams. This is a way that the most profitable franchises are able to be successful.
At Joshua Tree Experts, we have three recurring revenue streams that we help our franchisees add to their tree care services. These are plant health care, lawn care, and pest control.
While a lot of tree care companies only do tree care, these additional services allow you to offer your clients more and as a result, be on their property more regularly. Each of these services includes programs with ongoing visits. It’s not just a one-time service like tree removal.
Trying to diversify into new services can be stressful for an individual business owner who is truly on their own. But this is the beauty of being part of a larger system.
We have already gone through this and we can counsel our franchises as they add plant health care, lawn care, and pest control to their service lineup. There is no reason you should feel as though you are on your own. We know exactly what’s needed in terms of training, experience, and ultimately success.
Another important point we want to make is that there are no additional franchise fees to add these additional services.
We don’t force additional training costs on you. These new services are wrapped into that original agreement and it is the goal for our franchisees to add them.
Your additional costs will be spent on the equipment you’ll need for these added services.
#3: It Falls Under Low-Cost Franchises with High Profit
Ultimately what you want to find is a low-cost franchise with a high profit. The trouble is that a lot of low-cost franchises aren’t actually going to generate as much income as you’d like.
Sure, there are start-ups that might cost $30,000 to invest in, but they might only generate $20,000 to $30,000 in income. How often do you hear about people breaking even or falling short of what they needed to make?
We know that people think the initial investment in a Joshua Tree Experts franchise seems high when there are these super low start-ups out there but it’s ultimately looking at what it’s going to generate you in the long term.
Here to be Your Support System
At the end of the day, you want to buy a franchise that you know will set you up for long-term success. You want to look beyond the year-to-year income and feel confident that you have a plan for your future.
That is what a Joshua Tree Experts franchise is all about.
And one of the additional benefits is that we are here to help every step of the way. Whether you’ve been in the industry or you’re brand new to it, we understand that this can be a scary step. But one of the keys to your success will be that we are here for all the support that you need.
By streamlining systems and processes, there’s no trial period of figuring things out. You can get right into earning a profit and building a successful business.
Are you ready to grow a successful business from strong roots? Joshua Tree Experts has proven systems and processes in place to help. Request a meeting and begin your journey today.