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 tell if my business is franchisable?
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.
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 Mail Boxes Etc. franchise
Yes
Find Out MoreN/A
Request Free Information
Send a free enquiry to Mail Boxes Etc. for further information!
Start your own Poppies franchise
Yes
Find Out MoreN/A
Request Free Information
Send a free enquiry to Poppies for further information!
Start your own Dyno-Rod Plumbing franchise
Yes
Find Out MoreN/A
Request Free Information
Send a free enquiry to Dyno-Rod Plumbing for further information!
Start your own Premier Education franchise
Yes
Find Out MoreN/A
Request Free Information
Send a free enquiry to Premier Education for further information!
Start your own The Alley franchise
Yes
Find Out MoreN/A
We're sorry, this franchise is no longer seeking applicants.
Click here to find other Food & Beverage franchisesCompanies to Consider
Get expert franchising news delivered straight to your inbox
Franchise news, advice and new opportunities delivered weekly.
Must Read Articles
-
A ‘workout’ plan to build and maintain a successful fitness franchise
Added one month ago | 2 min read
-
5 reasons why you should invest in Mathnasium
Added about 2 months ago | 2 min read
-
5 minutes with Greg Renk MD at care franchise Walfinch
Added about 2 months 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