Ongoing Costs
What Do I Continue to Pay to the Franchisor?
Your right to use the TKC brand, system and reputation is part of your franchise package. There are also on-going fees to pay to your franchisor for regular support and maintenance of the trade names, trade marks and IPR protection.
What Do I Continue to Pay to the Franchisor?
Your right to use the TKC brand, system and reputation is part of your franchise package. There are also on-going fees to pay to your franchisor for regular support and maintenance of the trade names, trade marks and IPR protection.
Management Service Fee (MSF) – this is set at 10% of gross revenue and is payable monthly.
The MSF covers but is not limited to:
Dedicated Franchise Support
Barbour ABI Data for Your Territory – Details Current Construction Projects in Your Franchise Territory
Factoring Services – Pre-negotiated With Preferential Rates. With Construction Industry Payment Terms Ranging From 45-60 Days+, Factoring is Essential For Your Cashflow
Research and Development of New Services and Suppliers, New Technology, Changes in Legislation, Working Practices
Listing on TKC Website – Will Include Franchisee Details
Maintenance and Software Systems
Guidance in Setting Targets and Reaching KPIs and Monitoring
Updates to Franchise and Operations Manuals
Access to and Support in Relation to Sales Generation with TKC Extensive Corporate Client Database
Use of TKC Construction Industry Accreditations
Nominated Supplier Lists and Preferential Buying Terms – Equipment; Vehicles; Cleaning Products; General Consumable Products
Maintenance of Website, Search Engine Optimisation, Central Marketing and Social Media Promotion
Email Address and Hosting
Helpline For Professional and Technical Advice During Office Hours
Management Audit Visits, Webinars and Forums
What are the other ongoing costs?
Franchise businesses will also spend at least 1% of sales revenue on advertising and marketing. There are obviously a number of other key costs that we will discuss with you in greater detail including spend on materials, factoring and salaries.
