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What are the advantages of a vehicle-based franchise?
Since this is where I started my career in franchising as a franchisee nearly 40 years ago, I will start by listing all the advantages I identified at that time. The first of course is that no premises are required, so there is no rent or property cost and, in my case, I was even able to start using my existing vehicle, so there were no additional costs there. I didn’t need to employ anybody and overheads were minimal, so that’s a bonus for any start-up.For me, other big advantages were that I was out and about, not stuck in the same place every day and I stood or fell by my own efforts. It was my job to find the work, my job to do the work and my job to make sure I got paid, so there was nobody to point the finger at if it all went wrong, provided of course I had picked a supportive franchisor with a proven system, which it turned out I had.Nowadays, franchisors tend to provide a lot more help with finding the work and accounting for it, so ideally a one-man band can concentrate on doing what brings the money in, a situation that works well for everyone.
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Exciting Franchise Opportunities
Companies to Consider
The Travel Franchise
Operational break even from 6 to 7 months and pay back between to 3 and 3.5 years
From £18-20,000 per week. First year R.O.I 40%
Third party through banks
Chop & Wok
Profit between 27 to 33% of turnover
Time For You
Operational breakeven in the first month of trading and return on capital investment from approx.18 months
This would be discussed at interview stage
The Little Foxes Club
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