Because we are an established brand with a good reputation, which means that a large degree of the: ‘so who are you?’ work will have already been done for you and you can get up to speed more rapidly and make profits as the months go by.
Experience within franchising is not a prerequisite, nor is experience of running a business, although obviously it would be an advantage. However you must have good marketing and business management skills. Additionally, we would provide you with the necessary business management training.
A franchise is a way of structuring a business. Generally, it involves the owner of a business , (us) licensing to a third party (you) the right to operate the business or distribute goods and/or services using our business name and systems ,for an agreed period of time, in return for a fee.
- Money for getting your business off the ground and running - A Business Plan - Exceptional Management Skills and Experience - Regulatory or Legal Requirements - A Good Accountant.
So long as you are willing to raise the required capital, you can become a franchisee. We do have certain criteria when it comes to choosing our franchisees. It often helps to have some experience in a relevant business. If you are still unsure, do well to contact us.
Although we provide as much support as possible as well as the initial training, it would be wise to have a good accountant on your side, so appoint one at the start. You also need to have a positive attitude towards the franchise.
There are no risk-free businesses. Even though franchising has proven more resilient in recent times than other business sectors, inevitably some franchises will fail. You can reduce your risk by doing your research, and thinking carefully about whether or not our franchise really suits your personality. If taking risks scare you, then you might want to reconsider your choices.
No! We do not give the franchisee a right to terminate early and most franchises have at least a five-year term anyway. This means that if things do not work out well, your initial fees and set-up costs are at risk, and they will not be refunded. If you abandon the franchise early, we might have to hold you to post-termination obligations in your agreement .
According to the franchising definition, the franchisor is the person who started a successful business and decided to expand by selling clones of the original business.The franchisor(in this case,us) is the person who has a successful business model, and is selling the right to use that model to another person or entity. We will be responsible for site selection, training and support and vetting franchises. The franchisee definition is the person or entity which purchases the franchise from the franchisor.The franchisee (that is you)is responsible for operating the business and making a profit.You are responsible for hiring and training employees, protecting the brand and marketing.
Franchising provides an opportunity to buy into an existing, successful business model that comes with a proven track record, a successful training program, a solid supply chain, and expert technical support. Partnering with us would typically require a much lower financial investment than starting your own business. You will pay an initial franchise fee and ongoing royalties, but we would cover the cost of business expenses such as training, customer support, essential resources, and much more.
Franchising can be a great opportunity, but it is not for everyone. You might be a good fit if you have some business experience, are self-driven, and can work independently. You should also be able to carefully weigh risks and recognize good opportunities.
We often provide ongoing support when it comes to managing the inventory, optimising the sales, training the staff and other operational tasks. We also provide support regarding quality control and marketing. However, businesses need funding throughout their growth and we can only do so much, so it is important you have your own capital. Terms of ongoing support are usually made clear in the Franchise Agreement.
Part-time franchising can work in certain conditions. This is a great option if you are looking for a side hustle without giving up your current job. Most franchises do not require you to be open a certain number of hours or days to qualify.
Franchises can be bought by anyone with the means: Some cost very little to buy into, while others are beyond the range of anyone of moderate means.
We look out for a positive attitude, we certainly want good people representing our brand. The ability to think for yourself and apply some entrepreneurial traits to the business. An excitement and belief in the franchise's product or service. We also need to see that you want the franchise to be successful.
A number of reasons really. If you breach the franchise agreement and do not rectify the wrong within a set period (usually 30 days), we have the right to terminate the contract. Some other breaches include non-payment, the disclosure of incorrect information, and simply abandoning the franchise.
You can. Just make sure to let us know.
Yes, numerous successful franchises are run in partnership, where each party has made an investment. This can be an ideal situation perhaps where one person has business experience and the other has skills which suit the actual franchise. It also provides an instant, local support network
Franchisees must adhere to some, but not all corporate directives. Based on our agreement, we may allow you to add or eliminate products or services depending on profitability.
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