Franchising.
Whether you want to franchise your business or become a franchisee, this section offers detailed guidance on both sides of franchising.
Becoming a franchisee.
Buying a franchise can be a good way to get your own business up and running quickly. The franchisor's operation and company name are likely to be well-established already. As the franchisee, you set up your business under the franchisor's name, selling their products or services.
It means you're not starting entirely from scratch. You have the operating model and experience of an already successful business behind you. The franchisor will share that experience with you. It's a key part of their role to provide you with support and guidance.
Our guide will help you work out whether becoming a franchisee is the right business model for you. It highlights the pros and cons and the fundamentals to consider before you make your decision.
Read more
How to franchise your business.
One way a successful business can look to grow is by turning itself into a franchise. Franchising is allowing someone else to set up their own venture under your business's name, selling your products or services. You receive payments from the franchisee - usually an up-front fee plus a proportion of sales income. Your side of the deal is to provide on-going support and know-how.
It can be an effective way to create and grow a network of businesses under your name. But equally, it means that your business is in the hands of other people - more so than if your franchisees were your employees.
So, as with any major business decision, taking a planned and well-thought-out approach is essential, and our guide is designed to help you with that process. It details the key considerations and steps involved in transforming a successful business into a successful franchising operation.
Read more
Back to top
