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I have identified a consumer product that would work very well as a vending product and feel the ide
It is perfectly permissible to provide annual sales figures for a product, even if those figures do not relate to the particular method of sale that you have in mind, provided that you make it clear the sales figures do not relate to sales through a vending machine. You should provide prospective franchisees with the information to comply with the European Franchise Federation’s code of ethics, which has been adopted by the British Franchise Association. You must ensure that any information that you provide is ‘free of ambiguity and misleading statements’ and that if you provide any direct or indirect references to future possible results, then these figures should be objective and capable of verification. In addition, the code of ethics requires franchisors to provide prospective franchisees with a copy of the code of ethics as well as full and accurate written disclosure of all relevant information. Relevant information includes information about the financial position of the franchisor, who is involved with the franchisor, whether there have been any pilot operations and a complete list of franchisees. You also indicate that you intend to operate through master franchises and sub-franchise agreements, but you don’t explain why you are considering this approach - which is certainly unusual in the UK. A number of Australian franchisors, in particular, have expanded into the UK using regional master franchise agreements and sub-franchise agreements, but they are very much a minority and there is insufficient evidence at this stage to establish whether such an approach will be successful. A number of largely UK-based franchisors adopt a ‘management’ franchise structure with ‘man-and-a-van’ sub-franchises. The management franchisee provides all the management back-up, including marketing and accounting help, whilst the man-and-the-van franchisee undertakes the ‘manual’ aspects of the franchise. A small number of UK franchisors have been successful with this approach, although a larger number have not and, accordingly, you need to be clear as to precisely what you consider to be the advantages of a master franchise/sub-franchise approach.
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Companies to Consider
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Uncapped, estimated earning per candidate placement £7,000
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Bridgewater Home Care
I Am Döner
£10,000+VAT turnover per week, 20% EBITDA profit
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