MagiKats franchise Tuition Centres are working on a COVID safe pathway to reopening across all their franchise territories. As of now, in England, franchisees are allowed to re-open if they can do so safely. In Scotland and Wales, they are still required to be shut, but hope this will change at the start of August. Sarah Marsh (Director of Operations) outlines; ‘’We have been working with our franchise owners on their risk assessments, to make sure that each centre applies its own policies...Read More
It's key to understand that Business Opportunities and Franchises are not the same. There are less restrictive nature in terms of operation, branding and territory restrictions, their low initial investment fees and lack of ongoing fees when running and operating a Business Opportunity instead of a Franchise. However, remember that you don’t get the ongoing franchise support for a business opportunity, and that you need to conduct extra research with a business opportunity compared with the franchise research undertaken, since it may not have the same legal obligations as franchises do to disclose certain details about the business, like the financial health of the operation. A Business Opportunity does not include documentation such as The Franchise Agreement.
With a flexible approach to independent working, business opportunities are becoming an increasingly popular choice for the self-employed. Although you do not receive the same benefits of the on-going support of a franchise, a business opportunity could give you greater flexibility when running your own business.
With industries such as recruitment and tutoring, to healthcare, there are options for everyone. If you are thinking of going down the business opportunity route, take a look through our businesses who are looking for like-minded investors.