Hi people. I'm facing a mid-life crisis, and have decided to get out of the city rat-race and become my own boss! I can see there's been loads of previous 'I'm starting up in business' posts before, but I can't see any along the lines of franchise v own business, so I hope this is a new slant on the favourite old question.
I've decided that I really like the idea of carpet & upholstery cleaning, but as it's nothing like what I've done before, I think I really ought to get into the business through the franchise route. The questions I have are (and sorry for having so many, but hey, you guys must surely be the best to answer them):-
The two companies I'm looking at are ChemDry and Hydro-Dynamix. Which would you recommend in terms of value for money and return on investment?
One of these companies gives you a large territory where there are several already established franchisees operating in the area, while the other gives you a smaller, but exclusive, area. If you had the choice, which would you go for?
Have people who have previously bought into these franchises been satisfied with the results, and did they match up to the potential earnings figures supplied by the relevant company?
How effective and professionally run were the initial training courses, and if like me, you had no previous experience in this field, did you feel confident to go out and perform cleaning jobs immediately afterwards?
This is a large investment for me, and while I'm prepared to put in as much hard work as is necessary to make it work, would I be flogging a dead horse with either or both?
H-D use the truck mount system, so am I right in thinking there is greater diversity with this system (e.g. graffitti removal, canopy cleaning) and the potential for generating business is better?
And finally, should I perhaps say sod it to both, save my franchise fee, go on some training courses and start up independently, and not be tied down to areas?
Thanks to anyone who bothers to reply. I now know what I want to do, but remain completely confused as to how I should do it.