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
Franchising Pros And Cons
You have decided to buy a franchise. Which one will you choose? There are so many out there. Are you going to go for a coffee shop or fast food outlet? What about an internet business, printing company or stationary?There are distinct advantages in buying a franchise over starting your own business from scratch. The greatest advantage is that most franchises are still trading after 3 years whereas most new start ups have ceased trading.
What is a franchise?
With a franchise you benefit from a proven business model and the experience of a larger organisation. You have to pay a franchise fee and a license fee to the franchisor to have the right to run their business model.
In the UK companies like McDonalds, Prontaprint & KFC made franchising very popular in the 70s. Now you can find an outlet in nearly every town & city in the UK. Franchising is now one of the fastest growing areas of business in the UK.
Let's examine the pros and cons of franchising
The advantages are:
1) You receive full training in the operation of your business
2) You are not reinventing the wheel
3) You receive support from the franchisor when you encounter a problem
4) You have a proven business model
5) It is in the franchisors interest for you to succeed
6) Accounting procedures and business systems are well established
7) You are part of a group of people all running the same business
8) You benefit from national marketing
The disadvantages are:
1) You have to pay the franchisor a percentage of your profits
2) You have to follow the guidelines laid down by the franchisor
3) The Franchisor controls the development of your business
4) The Franchisor dictates your supply chain
5) You have to market the business in a way that is approved by the Franchisor
6) You have to report back to the Franchisor at least annually
Before you jump in
Before you commit to a franchise make sure that you evaluate the following points:
1) Take professional advice from lawyer before signing any agreements
2) Take advice from an accountant to check the viability of the business
3) Carry out market research to see if the franchise is right for your area
4) Be prepared for hard work - running a business requires commitment
If you’re ready to make the commitment, franchising can be a rewarding, and often highly lucrative business.
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Franchise Opportunities For Sale
