| 5. FREQUENTLY ASKED QUESTIONS |
Q. What is it going to cost me to open a LINK (a) Agency
(b) Franchise?
A. Starting a LINK agency or franchise is nill. Many factors,
including location and whether previoulsy owned equipment eg Car
& Phone will be incorporated into the business will affect this
amount.
Q. What is your Agency/Franchise fee?
A. There are no Agency or Franchise fees, but there are
strick sales targets for a Franchise..
Q. What is the commission payments?
A. The commission payments are a straight 15% of signed
orders rising to 20% if deposits/order is paid.
Q. Where can I locate my LINK franchise?
A. We currently require Agents and Franchisees all over
Ireland. Excellent markets and locations are available whereever
there is a market. We can suggest one or you may pick the location,
as long as it meets LINK's criteria and does not infringe on any
existing LINK franchisees.
Q. Will my LINK franchised territory be protected?
A. Yes. Each franchise owner is granted an area, which
no other LINK franchisee may enter. If a listing is obtained from
your area by a other agent, you are entilled to Royalites of that
sale. Agents do not have assigned terrirories to protect, but generally
there is not more than one agent per area.
Q. Does LINK offer training?
A. Extensive training is required for all agent and franchisees.
Owners or managers must successfully complete hands-on-training.
Each LINK agenct and franchise receives a comprehensive operations
manual. Annual and regional meetings update agents and franchisees
on the latest strategies. Franchises also receive regularly scheduled
visits from the corporate office.
Q. Do you have an advertising program?
A. Yes. Building goodwill and brand recognition is an essential
ongoing objective for all of our operators. To accomplish this,
the corporate office provides an extensive marketing program that
includes a monthly local program for agents and franchises to participate
in. This full color visual piece is distributed directly to local
markets. Other promotional materials are available at the corporate
office.
Q. What is the term of the agency/franchise?
A. The basic term for a LINK agency is 2 years and a franchise
is 5 years. You may also renew for one additional 5-year term.
Q. Can I sell my franchise?
A. Yes, you can sell your business to any buyer approved
by LINK's corporate office. There is a transfer fee for administrative
and legal fees associated with the transfer.
Q. From the time I sign the franchise agreement, how long
before I can open my business?
A. That depends on a number of variables, including selecting
a territory and the number of prospective franchisees on our waiting
list. However, you may be able to arrange financing, complete training
in as little as three to four weeks.
Q. Does LINK offer financing?
A. Although LINK does not directly provide financing, we
will assist you with arranging financing. In many cases we are able
to direct franchisees to financing sources. However, these are third
parties, and their decisions will be made independently of LINK.
Q.How much money will I make?
A. Profitability varies depending upon a number of factors,
including sales, locations, and operating costs and the ability
of the agency or franchisee to manage and control the business.
Questions related to profit and loss are discussed during a later
stage of the selection process.
An average sales person: 1-2 sales per day (approx £30k pa)
A good salesperson: 3-4 sales per day (approx £45k pa)
An excellent salesperson: 5 sales per day + (approx £60k pa)
The revenue you generate in commission per year is dependent on
your own performance: commission is uncapped. The more you sell
the more money you make. Your expenses such as phone costs and travel
are paid for by each sales agent.
Currently an average sales person is selling approx 2 sales per
day equating to £30,000 (take home) per annum.
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