If you’re considering buying a franchise resale, it’s essential to understand the process of accurately valuing the business. Unfortunately, valuing a franchise resale isn’t always straightforward, as there are various factors to consider. This guide will explain how to value a franchise resale and the key steps involved in the process. This guide will also …
Buying a franchise is one of the best ways to work for yourself but not by yourself, but many aspiring franchisees need help to obtain the funding required to open a franchise business. In this guide, we will cover the five best methods to obtain franchise funding. Banks or other lenders Banks and other lending …
How to get funding to start a franchise You may be in a position to use your own money to start a franchise, but it’s more likely that you’ll be needing to raise funds to get off the ground. Every new business requires money to get started, and this includes franchises. You need to think …
Mistakes to avoid as a franchisee If you’re just starting out as a franchisee, here are 3 mistakes you need to avoid to ensure success. Why not also check out: top successful franchises in the UK Taking on too much at once It is important to take it slow and not bite off more than …
If you are interested in franchising your business, you will probably be thinking, how do franchisors make money? As a small business owner looking to expand, this is a crucial thing you need to understand before expanding through franchising. In this article, we will list the multiple ways a franchisor can make money by recruiting …
As a small business owner, the goal is always to expand when possible, and one of the best ways to expand your small business can be by taking the franchising route. If you are interested in franchising your small business, in this article, we will share how you can tell if your business is franchisable. …
Franchising has become one of the most popular ways for small business owners to expand their businesses into new markets. Still, it is also crucial to understand that as a franchisor, you know how to manage your franchisees since to franchisees as a franchisor, you will be seen as a leader and an authority. This …
How to choose the perfect location for your franchise Franchise location is something that can usually be overlooked when it comes to buying a franchise, but this can often be a huge mistake. Of course, other aspects of buying a franchise are important such as franchise fees, royalty fees, training & marketing, but the location …
Starting a business is an exciting and rewarding endeavour. But, if you want to grow your business even further, franchising may be the way to go. Franchising allows you to expand your business into multiple locations with the help of franchisees that you recruit. However, the cost of franchising can be a major hurdle. In …
Franchise agreements vary in length but typically range from five to twenty years. The duration of a franchise agreement is influenced by various factors, such as the type of business, the industry, and the specific terms outlined in the agreement. For example, fast food franchises often have shorter agreements, usually around ten years, due to …
When it comes to franchising, one of the most important questions is who controls the price of goods sold by the franchisee. This can be a complex issue as it often involves both the franchisor and the franchisee. In this article, we will answer this question in detail as well as look at the different …
Franchising is a business model in which a franchisor licenses its intellectual property (IP) and business model to a franchisee in exchange for a fee. The franchisee then operates a business under the franchisor’s brand and system. In the UK, there is no specific legislation governing franchising. However, there are several laws and regulations that …