Guidance

It is a big step from deciding to buy your dream franchise to actually opening your doors for business and, for many prospective franchisees, one of the biggest challenges is approaching a lender to fiance your dream franchise. Before you prepare a business plan for your franchise or talk to a franchise finance lender about funding, there is a lot of work to be undertaken first. Essentially, a prospective franchisee will need to undertake research on your chosen franchise, making sure that it...

The thought of potentially taking ownership of a franchise may be a rather daunting process, but in reality, it’s actually a great method to starting a business with an established reputation and brand name. So, what is a franchisee? A franchisee is an individual that purchases the license from a Franchisor that will in turn grant them the right to ‘replicate’ their established franchise opportunity. The Franchisor will allow the franchisee or investment group to operate with the Franchisor’s tr...

1) Dedicated Premises Based Opportunities A Dedicated premise based opportunity requires a specific space or unit to operate from. These usually require centres where products can be manufactured and stored, ready to be distributed to customers within their franchise territory. This could be anything from making signs, blinds and selling mobility scooters to the elderly. Again, it’s important to note that franchise opportunities that require a dedicated premise will entail higher overheads with...

So, you’re interested in buying a Franchise? But don’t truly understand the extent of how much capital is required to fund your dream business…. Let us break this down for you. Franchises completely vary depending on the sector and type of franchise opportunity, some are work from home and others may be van based franchises, kiosk franchises, retail franchises or office based franchise opportunities. Naturally a retail based franchise would incur greater costs than a work from home franchise opp...

Where do I begin? If you can find something you love to do, you do it well, and you can make money doing it through being your own boss, you've found the sweet spot. That;s easier said then done, the challenges you may face are as follows: How do i exit my current job? Do I have enough funds/backing to set this up?Do I have the motivation to make that leap? For once, this is one of those articles where it's not just a case of me advising you what to do purely based on common sense and what I...

Just wow… you’ll take note of the franchising sector after reading this piece. Before we get to the eye watering facts and figures, it’s imperative that you undertake thorough research before A) Deciding whether franchising is for you. B) What Franchise sector is right for you. &… C) What franchise offering meets your profile. Franchising is a truly wonderful concept, that in my opinion is underwhelmingly underrated, how often do you hear franchising pop up into a conversion? And we’re not...

Franchising is one direction an established company can take to expand their Nationwide or International franchise network. Franchising will help increase the distribution of goods and services for that business and a Franchise (licensing) agreement must be in place before a third party can obtain the rights to operate under the franchise name.Top of the chain in Franchising is the Franchisor, the franchisor is a person or organisation that grants the third party the right to replicate their mod...

Does franchising terminology make sense to you? Don’t worry if it doesn’t, the trusted Franchise Supermarket team is here to help. Area Developer – A franchisee that has the rights to expand in a designated franchise region or territory by either hiring sub franchisees or multiple managed franchise outlets. bfa – The British Franchise Association was set up by Business Format Franchisors in an attempt to regulate the franchise industry on an ethical basis. The bfa grant memberships to t...

Nick Williams, an experienced franchise professional heads Ashtons Franchise Consulting, who are bfa affiliated experts, formed originally in 1981 and with decades of know how to shares some thoughts In principle, more or less every business, whether it is service, business to consumer, business to business, technical, professional or hospitality focussed can be franchised. But should you look to franchise your business? That’s the key question There is real opportunity when you grow a busines...

Franchising is one of three business strategies a company may use in capturing market share and to enhance its position with its competitors, in some cases franchising can be used to monopolise their sector. The others are company owned units or a combination of company owned and franchised units.Franchising is a business strategy for recruiting and retaining customers. It is a marketing system for creating an image in the minds of current and future customers about how the company's products an...

The Chances are that you’ve experienced some sort of contact with either a Lettings agent or an Estate Agent in the past, so you should be familiar with the services they respectively provide. Please forgive me if you’re reading this from a bedroom in your parents’ house. The point I’m making is that we all need somewhere to live, be it rental or purchase no matter the economy. House prices fluctuate as often as the Queen Vic changes hands in Eastenders, so this shouldn’t put you off when con...

You’re here, so we’re going to assume that buying a small business is of interest to you? Deciding on what industry to choose can be hard enough let alone what brand. For some of you, your next career move will be based on your past experiences. To those who are sick of the industry they work in, don’t panic…. Many people have used the experience of buying a small business as an opportunity, a great escape to get into a new career and a new industry.Starting your own independent business may onl...