The potential for a NIC Services Group franchisee is enormous. With a sector worth an estimated £8.8 Billion and potential customers (retail units, offices, hotels, hospitality venues, schools, doctors surgeries, vets etc) everywhere this is a great sector to be in.
With 80% of our franchisees business being repeat ones, many of our customers need daily cleaning services which is great for building client relationships, retention and up selling opportunities.
In addition to the recurring business will be the one-off jobs (builders cleans, end of tenancy cleans, carpet cleans etc) which is lucrative, additional income.
As a minimum we expect our franchisees to achieve a turnover of circa £150,000 (though many have turned over more than £250,000 in their first year) and achieve annual growth of 20%. We have franchisees in the network turning over well more than £1million operating on strong margins.
We will support you with fantastic Business Development Support but what you get out of it depends what you put into the business in terms of energy, drive and tenacity to grow your business with us alongside you.
This is a biggest question asked by most people looking to start a new business.
Whilst small profits are expected in year one, a franchise with NIC Services Group is a business building one so it will take some time to build up income significant during the early phase of your business. It is important that franchisees are properly capitalised from the outset to not only fund the start up of the business but also cover your living expenses during the first 12-18 months. This could be from savings or other sources of income such as other household income or family support. As everyone’s circumstances are different, please do get in touch for a confidential discussion with one our team.
Got a question about franchising opportunities with NIC Franchise?
Contact our expert Franchise team today to discuss your needs.
Alternatively, you can book a Discovery Session to find out if franchising is right for you.