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 long does a franchise agreement last?
Franchise agreements can last for periods as short as three years and as long as 20. However the NatWest/British Franchise Association Franchise Survey 2010 reports that franchise agreements in the UK are predominately for a fixed term of five years, with rights to renew at the end of the term. The term of the agreement and any rights to extend or renew will be set out in the franchise agreement. A franchisee will want to be able to operate his business long enough for him to amortise his initial franchise investment and for the term of the agreement to be long enough for the franchisee to realise the value of his business on transfer. Some franchisors grant lengthy terms (20 years, for example) with no rights of renewal. In such cases the franchisor may well offer a new franchise agreement at the end of the 20-year term, but it will be under no obligation to do so.The franchise relationship should be capable of subsisting on a long-term basis, as long as both parties observe their respective obligations. There may be various reasons for a relatively short initial period - say, five years - but most franchise agreements allow for the franchisee to be able to exercise a right of renewal. There are usually conditions attached to renewal, such as the franchisee having performed his obligations under the agreement, refurbishment and re-equipping of the franchise business, and the franchisee having entered into a new agreement in the form of the franchisor’s then current agreement.
You might also be interested in
Answered by Alan Wilkinson
Alan Wilkinson writes: There are two elements to consider here. First is the franchise fee itself, and... read more
Answered by John Pratt
John Pratt writes: It is simply not possible to refer to taking a franchise as an “investment”,... read more
Answered by Louise Harris
Louise Harris writes: It’s quite a lot like choosing a life partner. You need to be interested... read more
Answered by Shelley Nadler
Shelley Nadler writes: Franchise law is a specialist area and it may not be something that your... read more
Exciting Franchise Opportunities
Companies to Consider
The Little Foxes Club
Concept Claims Solutions
Yes, via third party
£75,000 to £100,000
Canopy Children’s Nurseries
Jackson Fire & Security
The Travel Franchise
Get expert franchising news delivered straight to your inbox
Franchise news, advice and new opportunities delivered weekly.
Must Read Articles
Added 3 years ago | 2 min read
Added 18 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