Proven Business Model
Proven Business Model
an affordable investment opportunity with an uncapped potential
INVESTMENTS AND COSTS TO START YOUR TRUBLUE FRANCHISE
TruBlue offers a cost-effective home-based business opportunity with an estimated total initial investment ranging from $65,650 to $91,400, which includes the franchise fee of $44,900. With this initial investment, you receive all the essential resources to kickstart and build a successful business. Low overhead and no buildout costs or brick and mortar expenses make a TruBlue franchise far more affordable than other franchise concepts in the senior home services or handyman industries.
Although low compared to other franchise opportunities, some franchisees do not have all the necessary funds required for the initial investment. If you seek financing to start a TruBlue franchise, we outline a few potential solutions in the section below.
If you need financing, TruBlue will work with third-party financial institutions to help select and facilitate the process. Below are some of TruBlue's suggested financing solutions:
- Home Equity Loan
- 401(K) Rollover
- Traditional Business Loan
- SBA Loan
Home Equity Line of Credit (HELOC)
A (HELOC) is a loan that allows homeowners to borrow against the equity in their homes. It provides a revolving line of credit where borrowers can withdraw funds up to a predetermined limit as needed. A few advantages of funding a franchise with a HELOC include:
- Less Complex
- Lower Interest Rates
Using a HELOC to fund a franchise offers a simpler and more flexible financing option with potentially lower interest rates.
While traditional methods such as loans or personal savings are commonly used, a 401(k) rollover is another avenue worth exploring. Using a 401(k) rollover allows you to tap into your retirement funds without incurring early withdrawal penalties or taxes. Rather than taking on personal debt or seeking external financing, this strategy enables you to leverage money that you have already set aside for retirement.
- No Principle or Interest Payments
- No Collateral
If exploring this option, seek professional advice from a qualified financial advisor or tax specialist to ensure compliance with the applicable regulations and evaluate the suitability of this approach based on your circumstances.
Traditional Business Loan
One of the most common ways to secure funding is through a traditional business loan. While alternative funding options have gained popularity, traditional business loans still offer several benefits for aspiring entrepreneurs such as:
- Access to Sufficient Capital
- Lower Interest Rates
- Favorable Repayment Terms
Access to sufficient capital, lower interest rates, structured repayment terms, credit-building opportunities, relationship establishment with financial institutions, and enhanced credibility are all compelling reasons to consider a traditional business loan.
Small Business Administration (SBA) Loan
Another popular option for franchisees looking for a loan is a Small Business Administration (SBA) loan. The SBA provides several loan programs designed to support business owners in launching and growing their businesses. The benefits of a SBA loan include:
- Access to Affordable Capital
- Flexible Use of Funds
- Longer Repayment Terms
- Lower Down Payment Requirements
SBA loans can be a valuable resource for funding a business with affordable capital, flexible use of funds, longer repayment terms, lower down payment requirements, assistance for startups, and additional support services.
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TRUBLUE MAKES STARTING YOUR OWN BUSINESS EASIER
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WINNERS CIRCLE PROGRAM
Our focus is on attracting quality people to the TruBlue Franchise who we believe will truly excel within our system. We want to partner with people who are committed, driven, and serious about growing their business.
To attract and reward high performers, our Chairman created an innovative and exclusive program called The Winner’s Circle – where you can be reimbursed for your entire franchise fee, making your franchise fee totally FREE! No gimmicks. No hidden agendas. We BOTH win together.
WE'RE PROUD TO BE CONSISTENTLY RECOGNIZED AS A TOP FRANCHISE:
FREQUENTLY ASKED QUESTIONS
Answers to common questions about the premier total house care franchise opportunity!
Have a question not answered here? Schedule a call with one of our team members