So, do you wait until something turns up, or do you get out there and find your next opportunity?
There’s no such thing as a 100% guarantee, as I am sure you are well aware, but there are ways for you to minimise your risks and still enjoy fantastic returns on your investment. One in particular comes with huge potential for future growth and rapid scalability on a national scale: taking on a master franchise.
What is Master Franchising, and what could it mean for me?
Chances are you already know about franchising in general and how it allows individuals to buy into a brand and everything that comes with it – marketing, training, equipment, support etc – in order to build their own businesses with a proven model.
Master Franchising is a whole new level above this, as it means taking on responsibility for recruiting and running a network of franchisees for a brand coming into the UK. You’ll get a great deal of help from the parent franchise, of course, but you will enjoy all the independence and a large part of the financial returns that come with running potentially hundreds of units. You will receive income from operating a corporate unit, from the sale of franchises, and from the management service fees paid by the franchisees.
Master Franchising obviously has a huge number of benefits over starting a new concept from scratch:
- You’re investing in a model which has already been proven successful in other territories
- All the key systems for delivering the product and service have already been tried and tested
- There is already a proven methodology for developing a large network of successful franchisees
- You’re tapping into extensive sector knowledge already in place across hundreds of sites
- You can immediately become a major, influential player in a global brand and play a key role in shaping its future
Is it right for you?
Just like not everyone has what it takes to make it in business, not everyone is suited to being a master franchisee.
If you’re considering it, you need to ask yourself some serious questions first:
- Have you run a large business before?
- Do you have a proven track record of business development & leadership?
- Do you understand the importance of rigorous operational structures, and how to implement them?
You’ll also need to be a high-net worth individual to even be considering this. The potential returns are very high, but the investment isn’t negligible. You will need at least £150k in realisable assets or capital.
Most importantly, you will need to be someone who is ready to take on a high level business network and has the drive and ambition necessary to fulfil the true potential on offer. Master Franchising may be a fantastic avenue for anyone looking to rapidly expand their business interests, but it’s only suitable for really serious investors!
Not convinced you should look into Master Franchising?
The concept may or may not be new to you, but Master Franchising is anything but. In fact, it has already proven to be one of the most successful ways for businesses to expand into new territories, and for investors to enjoy rapid growth.
Challenging times require innovative solutions, and you can be sure you’re not the only one who is looking at this as a possibility.
If you’d like to learn more about how Master Franchising could work for you, and even check out a few of the latest opportunities, why don’t we have a chat? There’ll be no sales pitch from me, just a chance to discover if this might be the way to fulfil your financial goals for 2023 and beyond.
You can register your interest here, and I will be in touch!