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.
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
Will a franchisor tailor its initial training to me or will it only provide set instruction that covers all aspects of the business?
Answered by Alan Wilkinson
Alan Wilkinson writes: When a franchisor recruits franchisees, it will have a set profile of the type... read more
Answered by John Pratt
John Pratt writes: There may be none if you’re not suited to dealing with businesses. Many people like... read more
Answered by Louise Harris
Louise Harris writes: Not all franchises are based on territories. Some may be split into business sectors,... read more
Answered by Renata Selley
Renata Selley writes: Your ‘year-end’ is the date when your franchise accounting period ends. Communication is king... read more
Exciting Franchise Opportunities
Companies to Consider
Up to £230,000
Footlights Theatre School &...
£14,000 per week
Multi-unit opportunities available
Profit of £50,000 and increasing thereafter
Ask for more information
£120,000 net profit
Get expert franchising news delivered straight to your inbox
Franchise news, advice and new opportunities delivered weekly.
Must Read Articles
Added one year ago | 2 min read
Added 15 hours ago | 2 min read
Added one day ago | 2 min read
Find your next business opportunity
Search 100s of UK franchises and become your own boss today.
What Franchise Newsletter
Keep up to date with all the industry news