All about franchising and buying a franchise business

Choosing a UK Franchise Opportunity

Finding the right franchise in the UK can be a daunting task, however, if you approach it systematically you should easily be able to arrive at a short list of suitable UK franchises opportunities.

Why buy a UK franchise

Although buying a franchise is not an easy way to owning your own business, in some cases it is a lot easier than starting from scratch. For a start you can see your potential business in operation before you invest a penny.

Is franchising right for you?

Franchising isn't for everybody. It involves particular mind-set and attitudes, like willingness to work to someone else's system. It also requires a degree of management ability.

Take the franchise self test

Franchising isn't for everybody as it involves a particular mind-set and attitude, and with so many different franchise companies on the market, how do you choose the right franchise to invest into?

The cost of a franchise - the franchise fees

How Much Does a Franchise Cost? Every franchise has its own financial requirements, so the costs to start a franchise are different for every franchise company.

Step-by-step Guide to becoming a franchisee

There are many stages you will have to go through in becoming a franchisee.

Evaluating a franchise

How do you decide whether or not a franchise is worth investing in? There are a number of points that should be considered when assessing a franchise.

How to prepare a business plan

The Business Plan explains what you hope to do, how much money you need to do it with and how you propose to pay the money back. Your plan will include a Profit Forecast and Cash Flow Model.

Evaluate UK franchise market

If you are buying a franchise, you are going to be working, selling and promoting the product or service for a long period of time.

20 + franchise questions

Finding the right franchise in the UK can be a daunting task, however, if you approach it systematically you should easily be able to arrive at a short list of suitable UK franchises opportunities.

What is a franchisor looking for?

Franchisors believe that management skills, attention to customer service and sales skills are the most important qualifications.

Assess yourself

In order to find which franchise is best for you, you must assess your own skills and experiences. Once you have found the type of work that suits you best you can then select the franchise type that suits you.

Assess franchisor

You must have confidence in the Franchisor you choose and ask them questions about the business and the structure of the organisation at the early stages.

The Franchise Agreement - franchise legal advice

In order to become a franchisee you will have to enter into a legal agreement with the franchisor, known as the franchise agreement.

Franchise disputes

Franchise disputes arise frequently, not because franchisors are necessarily keen to have a fight with their franchisees or the other way round, but because franchise agreements are complex, commercial contracts which last for a considerable period of time.

Why use a franchise consultant when franchising your business

There are various stages you must go through to ensure your business can be franchised successfully. Franchising is not something that one can simply learn overnight. You will require the experience of a specialist franchise consultant with a proven track record in franchising to help you build a sustainable franchise business model and effectively navigate you through each step of the franchising journey.

How to franchise a business

We have a dedicated section that will take you step-by-step through how to franchise your business. It will help you to identify if your business is franchiseable, the advantages and disadvantages of franchising your business, the professional help and advice you need to take and the advantages of joining the bfa once a franchise business.

Franchise Glossary

Buying a franchise, as like any business start-up, can be a complex process. To help simplify it for you we have listed below an extensive list of common franchise terms and their definitions.

Useful Links

The following list of websites provides potential franchisees in the UK and internationally with useful franchise information and advice, franchise news and franchise opportunities available.

Where else to look

It is important that you do extensive research before you decide on a specific franchise. You can access free advice via the internet, and from going to franchise and business start-up exhibitions and from reading the franchise press.