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
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
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 Smoke & Pepper franchise
Yes
Find Out More£230,000
Request Free Information
Send a free enquiry to Smoke & Pepper for further information!
Start your own Platinum Property Partners franchise
Yes
Find Out More£50,000 to £150,000
Request Free Information
Send a free enquiry to Platinum Property Partners for further information!
Start your own Crunch Fitness franchise
Yes
Find Out More£1,782,200
Request Free Information
Send a free enquiry to Crunch Fitness for further information!
Start your own Fun Fest for Children franchise
Yes
Find Out MoreFrom £30,000
Request Free Information
Send a free enquiry to Fun Fest for Children for further information!
Start your own Walfinch franchise
Yes
Find Out More£585,077
Request Free Information
Send a free enquiry to Walfinch 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 4 weeks 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