What Are The Advantages Of Investing In A Van-based Franchise?
answered by Vicky WilkesSenior Associate at Squire Patton Boggs (UK) LLP
Van-based franchises are becoming increasingly popular and offer a number of potential advantages for those looking to enter the franchise market.
Key advantages include lower overheads, start-up and ongoing costs associated with a van, as opposed to operating from bricks and mortar premises, all of which can make it more suitable for first time franchise owners.
Van franchising also offers the benefit of constant on-the-go marketing. A van may advertise the franchised goods and services as the franchisee travels around the franchise territory in the van.
A further benefit is that a mobile business allows greater flexibility for the franchisee to choose how they wish to grow the business. It will not be restricted to a single location and will be able to move within the franchise territory to meet market demands.
Also, single van-based franchises are designed to be operated by individuals and therefore present less concerns about hiring staff.
Vicky Wilkes is a senior associate at law firm Squire Patton Boggs (UK) LLP, specialising in both domestic and international franchising.
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