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
How can I find out the financial performance of franchises?
Often franchisors will present prospective franchisees with financial projections in relation to a franchise. Franchisors may illustrate what sort of gross and net profit might be achieved if certain turnover levels are reached. Sometimes franchisors show illustrations of what the franchisor or a franchisee have actually achieved in practice. A franchisor should clearly state which of the alternatives he has chosen for his illustration. You should always remember that even if you are provided with a great deal of detailed financial information, financial projections are not promises of performance. The success of your franchise will depend on your own individual skills and commitment. If a franchisor does not provide you with any financial projections then you should ask for information regarding the financial performance of the franchise. The sort of questions you should ask are: “¢ what level of gross profit margin the franchise should expect to achieve? “¢ what level of turnover a franchise would need to achieve to break even and how long should it take to reach that level? You should also ask if actual franchisor or franchisee accounts have been used to provide these projections. If actual accounts have been used, you should ask to see them. If actual accounts have not been used for projections, you should ask how they have been calculated.
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 PACK & SEND franchise
Yes
Find Out MoreN/A
Request Free Information
Send a free enquiry to PACK & SEND for further information!
Start your own Betterclean Services Franchising franchise
Yes
Find Out MoreAverage net profit margin 20%
Request Free Information
Send a free enquiry to Betterclean Services Franchising for further information!
Start your own Explorer Travel together with Hays Travel franchise
Yes
Find Out More£35,000
Request Free Information
Send a free enquiry to Explorer Travel together with Hays Travel for further information!
Start your own Radfield Home Care franchise
Yes
Find Out More£722,000
Request Free Information
Send a free enquiry to Radfield Home Care for further information!
Start your own Auntie Anne’s franchise
Yes
Find Out MoreN/A
Request Free Information
Send a free enquiry to Auntie Anne’s 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
-
Why does Mail Boxes Ect. work as a franchise business?
Added 19 hours ago | 2 min read
-
Women in business: The advice any new franchisee should know
Added 2 days ago | 2 min read
-
Sales Geek: Behind the B2B franchise trying to start a sales revolution
Added one week 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 -
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