How to.....Franchise

What is the end goal?The goal for any established business owner when considering franchising their pre-existing business is ‘expansion’. Franchising your business allows you to expand without incurring any risk of unnecessary debt or you won’t be using the cost of expansion against the equity of your business. In essence, any new recruited franchisees will in the first instance provide all of the required capital (franchise fee) to ensure they can adequately launch and operate one of your franc...

Looking at owning your own business? But scared that it may not take off? Not sure how to set up your franchise? Fortunately, the franchising route offers you the opportunity to receive backing from a successful and reputable franchise brand, offering a great platform to becoming your own boss!  There are however stepping stones that need to be hopped onto before you can eventually gain the keys to your new shiny franchise business…. Franchise Supermarket on how to set up your o...

You’re thinking that owning and operating a franchise may be the next step for you? But how do you get started in franchising? Knowing how to get started on this epic journey can be confusing. So, to help we thought we would give you a little advice and guidance. How to get started in franchising With literally hundreds of different types of industries within franchising its vital to your success that you go for an industry you either have experience in or a real passion for. Trust us, it will...

The Franchise Agreement is a document that effectively defines a relationship between a franchisee and Franchisor. This vital document is placed in high esteem as potentially being the most valuable piece of franchise documentation that you may possess as a franchisee. Parting with your well-earned cash to set up a new business will inevitably invite an element of risk. One of the many advantages to the franchising model is the fact that you’re joining an established franchise network that...

Each year across the United Kingdom there will be numerous franchise exhibitions taking place, which provide prospective franchisees (visitors) with a valuable insight into available franchise businesses and current trends within the exciting and ever-expanding franchise industry.Franchise exhibitions give you the platform as a prospective franchisee to truly understand which brands are actively recruiting within the UK. Franchise Exhibitions can however be somewhat daunting, and the size may pr...

You've found your franchise, but now you need to know how to finance your franchise. Most major banks and franchise funding associations have specialist franchise teams within their setups, that will help guide you (a prospective franchisee) through the process of acquiring your dream franchise. A good franchisor will be looking at research and development, helping its network of franchisees to keep ahead of the game. All this franchise support means that banks are going to be much happier to l...

Struggling to figure out how to maximise the true potential of your franchise? It’s key that you fully understand the use of franchise territory intelligence, franchise mapping software and franchise demographics data. Understanding this data will ultimately help you grow your franchise throughout the UK and maximising true profits for the entire franchise network. Even if some franchise territories have already been allocated trough a franchise agreement, optimising the remaining geographical t...