How Do You Make Money As a Franchise Owner?
As more and more people are working from home, creating their own hours, and making their own rules, it’s only natural that you aim for this flexibility too. You may be unsure how to achieve this entrepreneurial lifestyle, but we’re here to help. The most beneficial thing you can do for your future is to invest in a Blue Moon Estate Sale franchise. Of course, funding a franchise can be an intimidating prospect, especially if you don’t have a large amount of capital to put down upfront.
Thankfully, you don’t have to let this worry get in the way of the rest of your life. With the proper knowledge and understanding, you can become the proud owner of a Blue Moon Estate Sale. Let’s take a look at the financial side of owning a franchise.
The Difference Between a Franchisor & Franchisee
Though the franchisor and the franchisee are similar in that they are working to earn a profit, there is a substantial difference between the two. The franchisor is an established entrepreneur or corporation with a licensed business model and trademark. The franchisee is the one using the trademark and business model. For example, Blue Moon Estate Sales are the franchisor that’s “selling” its proven business model to aspiring entrepreneurs (the franchisees) for an upfront payment and continuous royalties between 5% and 7.5% of gross sales.
Starting a Blue Moon Estate Sale Franchise
Becoming a Blue Moon Estate Sale franchise owner is a lot easier than you might think. Simply fill out our franchise application, and one of our professionals will contact you to schedule a “discovery day.” On this day, we’ll walk you through the key aspects of our business, introduce you to other franchisees and tour a few estate sales in the area. After you’ve experienced our culture, we’ll discuss the franchise fee and move forward with paperwork signing, extensive classroom training, and field experience.
The Initial Investment Costs
One of the many things that make Blue Moon Estate Sales attractive to aspiring entrepreneurs is its high-reward opportunity. With a startup fee between $39,840 and $80,850, you can quickly enter this rapidly growing market and maximize your revenue potential. Since you have the ability to grow your business from the comfort of your home and are equipped with all the training tools necessary, you can hit the ground running at a rate that works for you.
It’s important to note that the above startup fee is just an estimation based on the current industry value—you may be required to pay additional expenses when starting a Blue Moon Estate Sales franchise. But, that said, the U.S. estate sale market is currently a $16.8 billion industry and growing, so the potential to quickly earn your initial investment back is high.
The Average Return On Investment
The number one question most franchisors get is, “How much money can I make as a franchisee?” Simply put, you can make as much money as you want with hard work and commitment to growing your business. At Blue Moon Estate Sales, we don’t publicly disclose current franchisee incomes but can tell you that most of our franchisees see a return on investment (ROI) in under a year.
Franchise Funding Options
The thought of starting an estate sale franchise can seem intimidating at first, but when you work with a hands-on team like Blue Moon, the process couldn’t be simpler.
Commercial Bank Loans: With a good credit score (anything above 650) and a detailed business plan, you can apply for a commercial business loan to fund your new entrepreneurial venture.
Small Business Administration (SBA) Loans: Type 7(a) SBA loans are the most popular among new franchisees, as they’re backed by the government and have a lower interest rate.
Personal Assets: Leveraging your personal assets, such as your 401(k) and other retirement savings, could fund your new estate sale business. Accessing these funds before you turn 59 ½ will trigger a 10% early withdrawal penalty and distribution tax. But, you can tap into these funds penalty-free using the Rollover for Business Start-Up (ROBS).
Depending on the way in which you secure funding, you may be required to show proof of qualification. This can include anything from a down payment percentage to a low debt-to-income ratio.
Benefits of Becoming a Blue Moon Estate Sale Franchise Owner
Aside from having a high ROI, Blue Moon Estate Sales is the ideal franchise for aspiring entrepreneurs and experienced business owners for a variety of reasons. The most important, and most appealing is that you are your own boss. You have the power to set your own hours and control how your business operates on a daily basis. Work from home, your local coffee shop, or out in the sunshine—no “brick and mortar” requirements exist.
Additionally, Blue Moon Estate Sales offer franchisees extensive training, including proper marketing techniques, handling sales, set-up, event planning, pricing strategies, and more. We’ll set you up for success and show you how to run your business from anywhere in the country while making a profit.
Find Empowerment in Franchising
At Blue Moon Estate Sales, we offer lucrative franchise opportunities for investors, entrepreneurs, and beyond. Having been in business for over 10 years, we’re proud to provide a unique business opportunity with the freedom to create a life you’ve always dreamed of. Don’t let the pressures of a 9 to 5 keep you from living your best life. As the first and largest franchised estate sale company in the U.S., we’re resilient in any economy. Become your own boss at an affordable price by partnering with Blue Moon Estate Sales today!
Start a New Career With Blue Moon Estate Sales Today
Blue Moon Estate Sales currently have over 100 locations across the U.S. and over 130,000 loyalty program shoppers. That’s a lot of opportunities for creating a positive impact on your community and your wallet. Let us take care of the training tools and marketing techniques while you focus on creating a stable business opportunity for yourself. To learn more about a Blue Moon franchise, contact us at (248) 781-8808.