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.
Can I buy a franchise with a business partner?
There’s no reason why you can’t, however there are a number of issues that should be addressed at the outset.
The most important of these is whether you can get the approval of the franchisor. A franchisor may want to interview all the potential franchisees and carry out background checks to ascertain financial history and business experience before agreeing to grant the franchise.
You and your franchise partner will also need to think carefully about how decisions are made. This is a similar issue in any partnership, but with a franchise agreement, having the consent and understanding of the franchisor is also crucial, because the franchisor will want assurances the business will not be held back by a falling out between the partners.
It may be the case that some of the franchisees intend to be silent partners, who contribute financially and leave the day to day management to another partner. Recording all this in a partnership agreement is crucial to the success of your franchise, as well as deciding who is entitled to what assets when the franchise is sold.
Vicky Wilkes is a senior associate at law firm Squire Patton Boggs (UK) LLP, specialising in both domestic and international franchising.
You might also be interested in
I’ve received the franchise disclosure document. What are the questions I should ask the franchisor?
Answered by John Pratt
John Pratt writes: In the UK, there is no legal requirement for a franchisor to provide any... read more
I’m a franchisee with one brand, but I’m looking to invest in another. What should I tell my current franchisor – Am I duty-bound to inform them at all?
Answered by Louise Harris
Louise harris writes: It’s good to see a franchisee looking to expand – especially when they see... read more
I’m quite close to investing in a brand. How can I be certain that the expected revenue projections they’ve supplied me with are genuine?
Answered by Shelley Nadler
Shelley Nadler writes: There are many different ways in which franchisors present revenue projections. Franchisors may illustrate... read more
Answered by Alan Wilkinson
Alan Wilkinson writes: Franchise resales may come about for a number of reasons. Often a franchisee will... read more
Exciting Franchise Opportunities
Companies to Consider
£2,000+ per week (as per 2019)
The Christmas Decorators
Y2 turnover: £320K, Y3 turnover: £450K, Y2 EBITDA: £24.9K Y3 EBITDA: £85.5K
Crayola® Imagine Arts Academy™
Potential ROI within 18 months with an average net profit of 21%
Yes via third parties, both bank finance and asset finance
Operational breakeven in the first month of trading and return on capital investment from approx.18 months
Concept Claims Solutions
Stagecoach Performing Arts
Get expert franchising news delivered straight to your inbox
Franchise news, advice and new opportunities delivered weekly.
Must Read Articles
Added 2 years 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