Blingle is a business specializing in holiday lighting installation, maintenance, and storage for commercial and residential properties. The franchise delivers seasonal lighting services under its brand.
Key Insights
- Blingle was created to bring much-needed innovation and professional standards to an industry that required modernization, focusing on developing scalable systems and processes that ensure consistent quality while adapting to local market conditions and customer preferences.
- Service customization addresses specific client requirements through flexible approaches and specialized expertise that adapt to unique project demands while maintaining consistent quality standards and professional service delivery that builds trust and long-term business relationships.
- Consumer education and awareness drive increasing demand for higher quality and more specialized service options, benefiting businesses that can demonstrate expertise, reliability, and value while building trust through consistent performance and professional service delivery.
Franchise Fee and Costs to Open
Exploring the financial picture of Blingle gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $177,395 - $243,495, along with a franchise fee of $59,500 - $59,500.
Financial Performance and Revenue
Yearly gross sales of $72,494 and estimated earnings of $10,150 - $13,049 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 18.6-20.6 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Bingle provides comprehensive training for new franchisees. Initial training, lasting two weeks, is conducted at Bingle's corporate headquarters. The program covers essential business operations and brand standards. Bingle also offers ongoing support and recommends utilizing provided marketing materials for effective customer outreach. Franchisees receive access to a suite of resources designed to facilitate their business launch.
Legal Considerations
Legal considerations for a Blingle franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Franchisees in the Home & Building Services sector, adopting a model like Blingle's, may encounter local market dynamics, including established service providers. Navigating operational intricacies, such as managing service schedules and personnel, presents a consistent requirement. Dependence on particular suppliers for materials or equipment necessitates careful relationship management.
Franchise Datasheet
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