Franchising
Franchising is a great way for you to expand your business without requiring the capital to open multiple new branches yourselves. Lots of popular companies you would have heard of including the fast food company McDonalds and second hand entertainment retailer CEX both do it so why shouldn't you? Franchising isn't suitable for every business, but it is for a large number and if you can answer any of the questions below, this may well be right up your street:- Do you have a proven, replicable product or business model?
- Is your business profitable?
- Could someone else easily be trained to run a branch, without needing to rely on you all of the time?
- Could you lead a team of franchise owners and provide advice when necessary?
- They will put together the Franchise package and price it
- They will handle all of the contracts and other legal paperwork
- They will market the Franchise offer
- They will interview potential Franchisees
