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What is a franchise?
A franchise is an agreement or license between two seperate parties and or a froup of people (the franchisee) the rights to market a product, service using
the name of the franchise and being provide with valuable benefits such as training, support and bulk discounts on purcasing as being a franchisee you will benefit from better discounts than operating as a "one man band"
What does a franchise cost?
A franchise can be purchased for as little as €4'995 and us much as €800'000 for a Burger King franchise. With many different franchises available
and business opportunities available franchisee's has an excellent choice to choose from. In addition to franchises that have been established for years (generally more expensive) there are many new franchises available.
Franchise facts
Some extracts from the annual franchise survey are shown below and are taken from the annual franchise survey;
• 93% of franchisees are making a profit
• franchise industry valued at £10.8 Billion
• Average borrowing for a franchise £50,000
• Average turnover of a franchise business £323,000
Important questions to ask Top 20
We have compiled a list of important questions to ask any franchisor when considering purchasing a franchise you should also check the contract.
Please bear in mind that there are many types of franchises and you may have to tailor these questions to suit the specific franchise you are enquiring about.