It can seem daunting to consider investing in a pest control franchise because you may look at it like you are adding an additional cost, on top of everything else. That is actually not the case. It is important to keep in mind that a franchise provides benefits that can help you address many financial challenges that come with starting a pest control company. In order to put this in perspective, it is essential to start by looking at how a franchise can help you with your startup costs.
The Financial Benefits Of A Franchise
Before you even start your business, it is likely that you will need to secure a business loan. Not only will owning a franchise help you do this by adding value to your business plan, but some businesses that offer franchise opportunities will work with you to find financial resources. At Truly Nolen, we guide our franchise owners in finding creative financial solutions, such as 401 (k)/IRA rollover funding or securities-backed loans through our partnership with Benetrends Financial. We also help with business plans and securing SBA loans. But this is only the beginning.
You're going to need vehicles and equipment. We offer easy leasing options to help you gear up.
You're going to need pest control products. We give you access to vendors, pre-negotiated rates, rebates, and also discounts.
You're going to invest in employee training. We offer online training videos and articles to get your staff up to speed.
You're going to have to spend money on marketing and advertising. We take care of some of the heavy lifting for you. We work hard to get our name known in the areas where we have franchises. When we market locally or nationally, you benefit.
You're going to want to do a lot of your own marketing and advertising. It costs money to create the materials for these campaigns. We give you access to a ready-made asset library.
Time is money, and there are many areas of a pest control business where you can waste a lot of time trying to find the right formula. We provide you with effective pest control programs that are all set for implementation. There's no trial and error.
Money can get lost in the cracks. We guide you in using valuable resources like PestRoutes and PestPac for tracking business leads, collecting data from service visits, and handling your accounting needs.
General Startup Costs
Now that you know some of the ways a Truly Nolen franchise can help you meet financial challenges, let's take a look at the bigger picture. Here are some of the costs you need to consider when you start a pest control business.
Franchise cost. This can be anywhere in the range of $15,000 to $250,000. It depends on the company offering the franchise. You'll need to balance cost with benefits.
Insurance. It depends on the policy. Make sure your policy covers property damage and bodily injury and that it meets all of the requirements for a pest control applicator.
Applicator license. The fee for this is currently $120.
Real-estate or office leasing. This depends on the commercial property you purchase or lease.
Vehicle and equipment leasing. This is another cost that varies considerably.
Pest control product cost. This scales with how large your business will be at the start.
Staff certifications and training. This scales with the number of employees and whether or not your employees already have appropriate certifications.
Advertising budget. Experts suggest that 8 to 10 percent of revenue should be spent on advertising and marketing if you want to grow 10 to 20 percent.
Get Started
There are still franchise opportunities with Truly Nolen in Idaho. Reach out to us today to find out if there is one near you.
