Frequently Asked Questions About Franchising

Initial investment varies by industry and brand, typically ranging from around $60,000 to over $300,000, depending on location, equipment, and startup requirements. This investment covers startup costs such as equipment and marketing. It’s based on factors such as the size and population of your territory, any existing equipment, supplies, and marketing materials, as well as financing costs and potential discounts. To learn more, see our Franchise Costs & Investment page. Please refer to item 7 of the applicable Franchise Disclosure Document (FDD) for full details.

Neighborly works with third-party lenders to provide financing options for qualified candidates. Options might include self-financing, commercial bank loans, small business administration (SBA) loans, or other forms of financing. For more information, watch our on-demand session Financing a Franchise.

A franchise fee is an upfront licensing cost paid to the franchisor to operate under their brand. While fees vary widely, they typically range from $15,000 to $70,000. This fee is just one part of the total initial investment required to start a franchise. The breakdown of investment by brand can be viewed on our Franchise Cost & Investment page.

​​Income varies by franchise brand and location, but many owners can achieve substantial returns with hard work and dedication. Revenue potential varies based on market size, local business dynamics, and how actively you grow the business, along with other factors. Our Franchise Disclosure Documents (FDDs) provide information about revenue generated by existing franchise locations, though actual earnings will depend on various factors.

To open a franchise, you need dedication, a full understanding of the franchise agreement, and funds to support your investment. Do research to determine the right industry, price point, and brand that fits your interests and goals. Here’s a resource for evaluating franchise opportunities. Once you’ve narrowed it down, ask your top franchisors plenty of questions and secure the proper funding for your chosen franchise brand.

No prior trade experience is required. We provide extensive training and support to equip you with the knowledge and skills for success.

No, you don’t need a degree to own a franchise. While a degree in business, an industry-relevant certificate, or a management course are all valuable assets to a franchise owner, many rely on hard work and real-world experience to succeed. Learn more about the preferred qualities of a franchise candidate.

The answer to this question depends on the franchisor you choose to work with. Some franchisors only offer startup training, while others offer ongoing training and educational resources for owners and their employees. Neighborly brands offer a full range of benefits to help our franchise owners succeed, equipping every franchise owner with a proven system — including step-by-step training, dedicated business coaches, powerful marketing and tech tools, vendor discounts, and a nationwide peer network — to ensure you thrive from day one. [Add more color; a sentence about the support NEI provides. Please look at the “10 ways” blog linked above in my comment.

Typically, an existing home service business owner will look to a franchisor to help them overcome obstacles and achieve their personal and professional goals. Neighborly has helped a number of home service business owners convert their small businesses to franchises.

Schedule a call with us, and we’ll walk you through the franchise brands available in your area and explain next steps in the franchise ownership process. You can also check out our 8-Step Mutual Evaluation Process for more information.