Featured Franchises
Primary industry: Domestic Cleaning
Minimum investment level: £7,995
Primary industry: Local Internet Directory
Minimum investment level: £9,950
Primary industry: Recruitment of ex-Forces
Minimum investment level: £15,500
Primary industry: Residential Services
Minimum investment level: £9,999
Primary industry: Lawn Care
Minimum investment level: £6,900
Primary industry: Estate Agency Sign Management
Minimum investment level: £10,000
Primary industry: Weddings and events
Minimum investment level: £9,995
Primary industry: care and buety producs
Minimum investment level: £17,500
Primary industry: Internet
Minimum investment level: £1,000
Primary industry: Mobile car valeting
Minimum investment level: £7,000
Primary industry: signs and graphics
Minimum investment level: £35,000
Primary industry: Care
Minimum investment level: £32,500
Primary industry: Business Development
Minimum investment level: £3,500
Primary industry: Accountancy
Minimum investment level: £30,000
Primary industry: Property services
Minimum investment level: £5,000
Primary industry: Photography
Minimum investment level: £46,000
Franchise Business - A Simple Guide
A franchise is simply a business where a tried and tested format is applied to businesses in each territory. All the guidelines for managing the business are clearly set down in a manual. The owner of the franchise business will be expected to follow all the procedures laid down in the manualWhen you start a franchise business, you have to pay an upfront franchise fee. This will then give you the right to use the brand name of the franchiser and his confidential business system and know how.
You will also have to pay the franchiser a monthly royalty payment. This payment is needed by the franchiser to ensure that you have ongoing support and assistance when required.
The franchiser will guide you in choosing the right location, train you in the operation of your business, help you in the marketing of your business and assist you in overcoming any issues that may arise.
Franchising is much safer then starting your own business. The choice of location, how to market, where to buy supplies and accounting procedures are all laid down exactly. All you have to do is to follow procedure and the chances are that you will have a successful business.
According to the US Department of Commerce, after completing a 7 year study, over 90% of franchises are still trading profitably.
When people choose to go it alone, 80% of business start ups fail within 5 years. This is because they are entering a market where their business knowledge is usually poor, although their product knowledge might be good. All their experience comes from trial and error, and the banks are quick to pull the plug if cash flow projections are not met.
The limitations to a franchise are that you will not be able to deviate from procedures. You will have to buy from predetermined suppliers and use the computer systems and software that has been chosen by the franchiser. You will also be limited to where you can operate the business as the franchiser will not allow you to endanger his reputation, in a location, where he believes that there is little chance of success.
This can be extremely difficult for an entrepreneur who likes to "be his / her own boss".
All in all, what you are entering into is a partnership, whereby it is in both parties interest for you to succeed.
Nazir Daud
UK Franchise Opportunity
http://www.citylocal.co.uk/frontend/franchiseinfo.php?cityid=79
Business Franchises listed on the UK Franchise Opportunities Directory
