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 tell if my business is franchisable?
answered by John PrattSenior Partner at Hamilton Pratt
John Pratt writes:
It’s easier to tell whether your business is not franchisable.
If your business is unsuccessful or if the business is successful because of you and your special abilities, if it’s a business that depends on skills that cannot be trained or which requires a substantial amount of training, or is fashionable and unlikely to have a long shelf life, it’s not franchisable.
If your business is franchisable, that doesn’t mean it’s a good idea to franchise it. Franchising is by no means cheap, because you’ll have to prepare a franchise agreement, an operations manual, franchise prospectus and so on. You also have to budget for advertising, attending exhibitions and appearing on franchise websites, etc.
Recruiting franchisees is not easy and it may take you many years before you have recruited a sufficient number of franchisees for you to earn a profit. Nevertheless, if you’ve concluded that you need to grow using other people’s capital and that your business works better with the individual motivation that comes from an owner manager, franchising may be for you.
Having said that, you must obtain as much information about franchising as possible. There is quite a lot of free information you should obtain before spending money with expensive franchise lawyers or consultants.
John Pratt is senior partner at specialist franchise firm Hamilton Pratt and has advised franchisors for over 25 years.
- Under what circumstances can a franchise contract be terminated?
- What are the characteristics of a good franchise?
- What launch support should I expect from a franchisor?
- Is it a good sign that a franchise recently launched in the UK is active in other countries?
- Is there any benefit in being the first franchisee in a franchisor network?
Want to be your own boss? Start today!
A preschool dance program that explores 16 different dance styles ... find out more£4,995 Minimum Investment
Relooking is a beauty franchise, offering a variety of skin care and anti-aging treatments... find out more£18,000 Minimum Investment
Sweets and Treats Vending is a confectionery distribution franchise company... find out more£9,950 Minimum Investment
SuperGreen Solutions is an advisor, supplier, and installer of energy-efficient solutions to… find out more£178,000 Minimum Investment
Enquire now from
You have pending
Here's just five reasons why you should join our FREE newsletter!
New articles added every week
Hand picked franchise opportunities just for you
First class help and advice for franchising and business
We have the industries best contributors on board
Inspiring and insightful franchise case studies