Are you thinking of buying a Poolwerx franchise?
This might be a really good time to consider it.
With COVID restrictions impacting people’s travel plans, more people are staying at home.
And with summer here, we know pools will be getting a lot of attention.
A Poolwerx franchise is a well developed franchise model. In fact, they have a development plan for you as the franchise owner.
In the Poolwerx franchise model, you typically start out as a ‘man in a van’ to get to know the business. This helps you learn how the technical side of the business works and lets you build your customer base at the same time.
Then as it grows, the model is that you take on another van, with a technician in the second van. So, that means you have two vans on the road. Fully signwritten, which means you’re getting twice the amount of visibility in your territory.
The plan then provides for a retail store after a few years. A sensible growth path, building your business and asset base along the way. It’s not too aggressive and gives you the chance to build your business in a sensible manner.
The Poolwerx franchise gives you flexibility with this plan. You are not forced to go with the above plan. They will fit the plan to you. This means there will be franchisees who will be happy enough just staying with one van.
I't’s important to find the franchise model which best suits your skill set and ambitions.
Areas to check:
The obvious downside of a pool business is the seasonality, so you need to clarify what happens over winter?
What does Poolwerx suggest you do during the quiet months?
Territory size, are there limits to your growth, or can you keep expanding?
Training, what’s covered, how long is it, is it on site or on line?
Ongoing skills development for the franchisees. Retail requires a different set of skills to the ‘man in a van’, so how is that dealt with?
What ongoing support is provided?
What’s included in the total costs?
And of course, have the numbers checked out before you commit buy with a Pre-purchase Review. This is one of the most important elements of your due diligence. You need to be sure the numbers stack up. You will be making a significant investment so you want to be sure of the financial position.
Let me know if you need a hand.
Peter