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whichfranchise has been helping prospective franchisees and franchisors for over 20 years; working alongside some of the UK's leading experts in turning businesses into franchises. These experts (affiliate to the British Franchise Association) are on-hand to answer any questions you may have. They are also happy to have a non-obligatory chat with you to identify if your business is franchiseable and if so, the process going forward.
There comes a point in the lifespan of any successful business when an owner must make a decision on how best to grow in order to keep up with increasing demand. Here we investigate why franchising presents such a strong case as a method of expansion.
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Many of today's well-known brands have used franchising to finance and accelerate their growth into worldwide household names. It should not however be as seen as a testing ground for a brand new business idea but as a means of expanding an already successful business. This article looks at the factors that can determine if a business can be franchised.
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If you feel that your business can be franchised then there are a number of clearly defined steps to follow to get the franchise up and running - Franchise Development Plan, Pilot Operation, Operations Manual, Franchisee Recruitment and Support Systems.
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Franchising is not something that can be learnt overnight and so when deciding to franchise your business, you will require the services of a franchise consultant with a proven and successful track record in franchising. The franchise consultant will use their experience to help you build a sustainable franchise model and will navigate you through each step of the franchising journey.
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As there is no specific legislation or regulation for franchising, the franchise agreement becomes all-important in determining the rights and obligations of the franchisor and the franchisee and the relationship between them. In this respect the franchise agreement can be said to form the 'engine room' of the whole transaction
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While the Franchise Agreement sets out the initial and ongoing requirements of the contractual relationship and the obligations of both parties, it doesn't explain in detail, how the franchisor and the franchisee must fulfil their obligations. This is the role of the Operations Manual.
Read more...If you have a question regarding buying a franchise, selling a franchise or setting up a franchise, we have a panel of experts on hand who would be happy to give you some FREE initial advice. Any questions you send via our expert section will be treated in the strictest of confidence and only passed to the expert(s) you have selected. The expert will contact you directly with their answer; your question and response will not be made public.
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