Buying a franchise is a great opportunity for you to run your own business whilst having the support of a wider network. As you will be associated with an established brand name, you will also have access to a larger customer base. To ensure you make the right choice, we give you the top 5 things to take into consideration when looking to buy a franchise below:
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Your Finances
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Yourself
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Research
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Professional Advice
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Your Commitment
Assess how much you can afford to invest and how much you are prepared to borrow. Check if the franchisor has a loan provider as this may be cheaper than your own bank. Take into consideration the projected returns that the franchise will generate for you.
What is your skill-set? What do you enjoy doing?
You do not need to remain in the same industry but could venture into something that you are good at and/or enjoy doing. After all, you will be responsible for making your business work!
A vital part of your journey is research. If you do not know what you are investing in then you are taking a huge risk.
It’s also a good idea to speak to current franchisees about their experience of the franchise and franchisor.
Seek professional advice. Use their expertise to make sure that you do not miss any vital information. Always get a franchise solicitor to check over your agreement before signing it.
Take your time. You need to make sure that you are committed to making your franchise work.
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Add to Request List There is no cost or obligation associated with this service.Key Facts:
- Franchise opportunities available throughout the UK. Master Franchises available internationally.
- Franchise
- £15,000
- Yes
- Yes
- Yes
- 2008
- Yes
- Member - Expanding
