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What Are The Advantages Of Investing In A Van-based Franchise?
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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Exciting Franchise Opportunities
Companies to Consider
Fun Fest for Children
BforB - UK
Circa £200,000 AFTER fees
Third party support
Operational breakeven in the first month of trading and return on capital investment from approx.18 months
BabyBeats® and Mindful Movers®
£30,000 depending on times and days worked
Broadway Wine Company
£648,000 per annum with a gross profit of £108,216 and EBITDA of £82,956 by Year Three
Jackson Fire & Security
Yes, via third party
The Spitting Pig Co
40% net profit on a turnover of £110,000
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