Owning a Franchise Archives - Page 2 of 4

Do I need experience of running my own business to be a successful franchisee?

by Franchise Team | May 18, 2018 | Owning a Franchise

Generally speaking you don’t, because the job of the franchisor is to turn you into a successful business owner through operating their proven system. They shouldn’t just train you ‘how to run the store’ they should also train you ‘how to run a business’. That should...

Are a franchisor’s ongoing fees paid on a monthly basis?

by Franchise Team | Mar 19, 2018 | Owning a Franchise

In the majority of cases yes they are, and that is what we’d normally recommend to our clients. Whatever those fees are for, be they management services fees, payments for goods supplied, rental payments on equipment, contribution to national marketing or even...

If I buy a franchise, who is in control of the business?

by Franchise Team | Mar 16, 2018 | Owning a Franchise

Assuming you will be the majority shareholder and will take day-to-day responsibility for the operation of the business then you will be most definitely in control. However, remember that the purpose of that business will be to operate, under licence, an outlet of the...

The Right Move

by Franchise Team | Mar 4, 2018 | Owning a Franchise

How do you know which franchise will work well for you? Alan Wilkinson on the questions you should ask yourself So you have decided that you want to take on a franchise, but you’re not sure which, of the 900-plus brands available in the UK franchise marketplace, to...

Will a franchisor require a personal guarantee from me if I operate a franchise through a limited company?

by Franchise Team | Feb 9, 2018 | Owning a Franchise

Many certainly will and you may wonder why when most other suppliers of goods and services to your business may find it impractical to do so, even though at any given time they may be owed a lot more money by your business than is the franchisor. The franchisor will...

How is a franchise business valued when it’s put up for sale?

by Franchise Team | Jan 12, 2018 | Owning a Franchise

One thing you can be sure of is that it will be valued differently by the seller and the potential buyer. It will then be differently valued again by a resale broker, an accountant, an independent valuer and even the franchisor. Everyone looks at the deal from their...

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Do I need experience of running my own business to be a successful franchisee?

Are a franchisor’s ongoing fees paid on a monthly basis?

If I buy a franchise, who is in control of the business?

The Right Move

Will a franchisor require a personal guarantee from me if I operate a franchise through a limited company?

How is a franchise business valued when it’s put up for sale?

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