The franchise business will contact you by means of email and/ or telephone only to the email address and phone number you have provided.
By submitting the enquiry form you are consenting to send your personal information to the selected franchise business.
You also agree to receive further newsletter email marketing from What Franchise.
Close
Are there risks in going with a first-time franchise?
All potential franchisees need to check out the franchisor of a franchise system very carefully. However, this can be more difficult with a new system, as there is no trading history for the franchise and no existing franchisees you can talk to about their experiences. You will need to carefully question a first-time franchisor on its pilot operation. You need to know the amount of pilot testing that has been carried out and details of the financial performance of pilot operations. You will want to establish the franchisor has shown the system works and that it can be successfully replicated by franchisees. For a young franchisor, it is important to consider if it has sufficient capital to finance its operations. If there is a shortage of capital, the franchisor may seek to remedy this by rapidly recruiting franchisees. The franchisor may not have the infrastructure in place to support these franchisees. However, a new or young franchise system can have the advantage of bringing a novel idea to the marketplace. It may be that the only way you can establish a business in a certain area is to buy a franchise from a new franchisor. If this is the case, you need to consider if the area of activity is going to be a flash in the pan, or if it will have staying power.
You might also be interested in
Answered by Vincent Anthony
Vincent Anthony writes: The property market has wide appeal because it is relevant to everyone: we all... read more
Answered by Louise Harris
Louise Harris writes: Richness or wealth is relative. We always want more, I guess. So, what is... read more
Answered by Shelley Nadler
Shelley Nadler writes: A concern that businesses may have when deciding to franchise their business, is the... read more
Answered by Alan Wilkinson
Alan Wilkinson writes: There are two elements to consider here. First is the franchise fee itself, and... read more
Exciting Franchise Opportunities
Start your own ActionCOACH UK franchise
Yes
Find Out MoreThis would be discussed at interview...
Request Free Information
Send a free enquiry to ActionCOACH UK for further information!
Start your own Chipsta franchise
Yes
Find Out MoreN/A
Request Free Information
Send a free enquiry to Chipsta for further information!
Start your own The Urban Chocolatier franchise
Yes
Find Out More£872,000
Request Free Information
Send a free enquiry to The Urban Chocolatier for further information!
Start your own UK Business Mentoring Group franchise
Yes
Find Out More£90,000
Request Free Information
Send a free enquiry to UK Business Mentoring Group for further information!
Start your own activ Digital Marketing Franchise franchise
Yes
Find Out More£60,000 - £120,000
Request Free Information
Send a free enquiry to activ Digital Marketing Franchise for further information!
Companies to Consider
Get expert franchising news delivered straight to your inbox
Franchise news, advice and new opportunities delivered weekly.
Must Read Articles
-
50 franchises with funding plans in 2024
Added 2 months ago | 2 min read
-
How Fun Fest’s franchisees are achieving £500,000 turnovers
Added one month ago | 2 min read
-
How URBAN went from hometown hero to national name
Added one month ago | 2 min read
Franchises by Minimum Investment
Find your next business opportunity
Search 100s of UK franchises and become your own boss today.
-
Under 10k
Starting a franchise doesn't have to be costly
Click here -
Under 20k
A mid-range investment for the more experienced
Click here -
Under 50k
If you have experience and more to invest
Click here -
Over 50k
If budget is not an issue, then don't miss these
Click here -
Local Franchises
Find the perfect franchise in a location to suit you
Click here
What Franchise Newsletter
Keep up to date with all the industry news