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.
What are the main benefits of investing in a franchise?
The major benefits are reduction of risk and hitting the ground running with a proven system. The level of benefit will vary with how experienced the franchisor is, how well proven the business format is, and the level of training and support provided for franchisees. If the franchised system has not been properly structured, the concept hasn’t been properly piloted, and the franchisor’s team has not been properly trained in how to recruit, train, monitor and motivate franchisees, then the risk of failure may even be increased.For a properly prepared franchise however, the risk of failure is very low compared to going into business on one’s own. Imagine an experienced person decides to open a sandwich shop. How do they know what makes a good location, what designs and layouts to use, what the menu should be, where to get the ingredients from, how many staff to employ, what to pay them and what to charge customers? All these questions, and more, will be answered by the franchisor from his experience and the combined experiences of the other franchisees.Something like 50 per cent of independently started businesses are no longer trading after five years. The figure for franchised outlets is around two per cent a year, so say 10 per cent after five years. However you look at it, that makes becoming a franchisee, as opposed to starting your own business, five times less risky.
You might also be interested in
Answered by Phil Archer
Phil Archer writes: The Bounce Back and CIBILs loans brought in last spring originally replaced the Enterprise... read more
Answered by John Pratt
John Pratt writes: First, you have to work out who is responsible for the poor performance because... read more
Answered by Louise Harris
Louise Harris writes: In respect of renewal fees, every franchise is different. Prospective franchisees are guided to... read more
Answered by Alan Wilkinson
Alan Wilkinson writes: An experienced franchisor will know what works and what doesn’t work when marketing its... read more
Exciting Franchise Opportunities
Companies to Consider
Recognition Express Ltd
Jackson Fire & Security
Depends on store turnover
Tills & Sign Investment
14-18% net profit
Guardian Angel Carers
Radfield Home Care
Laser Clinics United Kingdom
Get expert franchising news delivered straight to your inbox
Franchise news, advice and new opportunities delivered weekly.
Must Read Articles
Added 2 years ago | 2 min read
Added 2 days ago | 2 min read
Added 3 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