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.
How can I check the track record of a franchise business?
There are a number of things you can consider doing to check the track record of a franchise business. These include:
• Obtaining financial information. If the franchisor is a company registered at Companies House, its latest accounts may be available. However, if the franchisor is a new company (and has not yet filed any accounts), or is not a registered company, you should ask it to provide further information regarding its financial position.
•Asking for pilot information. If the franchise business is relatively new, you could ask the franchisor if it has conducted a pilot scheme and obtain the results, including any trading information and figures.
• Asking other franchisees. Existing franchisees will be a good source of information, as they will have first-hand experience of how profitable the franchise is, how it grows, and how well the franchisor supports its franchisees and looks to improve the business format. It is always a good idea to seek out existing franchisees yourself, rather than just speaking to franchisees that the franchisor may suggest, as these are likely to be hand-picked to give a positive view of the franchise business.
• British Franchise Association membership. In addition to having been assessed against certain other criteria required to gain associate membership, full members of the bfa will be accredited as having a proven trading and franchising record.
You might also be interested in
Answered by Phil Archer
Phil Archer writes: The Bounce Back and CIBILs loans brought in last spring originally replaced the Enterprise... read more
Answered by John Pratt
John Pratt writes: First, you have to work out who is responsible for the poor performance because... read more
Answered by Louise Harris
Louise Harris writes: In respect of renewal fees, every franchise is different. Prospective franchisees are guided to... read more
Answered by Alan Wilkinson
Alan Wilkinson writes: An experienced franchisor will know what works and what doesn’t work when marketing its... read more
Exciting Franchise Opportunities
Companies to Consider
£1,000-plus per week
Jackson Fire & Security
Profit of £50,000 and increasing thereafter
Expense Reduction Analysts...
Through major banks
£14,000 per week
Multi-unit opportunities available
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 23 hours ago | 2 min read
Added 2 days 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