UK Franchise Opportunities and Business Opportunities For Sale
UK Franchise Opportunities and Business Opportunities For Sale
No Letting Go
The No Letting Go Inventory Management Franchise enables franchisees to earn a six figure income.
Hear from Caroline Sparks, Co-Founder of the Turtle Tots Franchise. Caroline talks about what you should look for when meeting with a franchisor when deciding which franchise you wish to invest in.
To find out more about the Turtle Tots Franchise click here to visit their profile page.
When you first start investigating a franchise, it can be bewildering. With so many options available here’s some suggestions on what to consider when choosing a franchise.
Y
ou need to consider the information that you are given. Most franchisors will provide you with some initial information and then ask you to sign a confidentiality agreement before they meet with you and supply further information.
A detailed confidentiality agreement allows the franchisor to give you confidential information about their business operation and seeks to prevent you from disclosing this information to anyone else. It is normal for a franchisor to ask you to sign a confidentiality agreement.
At Turtle Tots we always meet prospective franchisees on a one-to-one basis after the confidentiality agreement has been signed. The franchisor-franchisee relationship is a key factor in the success of both parties.
We believe a one-to-one meeting is the best way of finding out about the prospective franchisee, whilst also giving the prospective franchisee the opportunity to visit our offices and see how we are set up, plus meet the rest of the team. Go along to this initial meeting with as many questions as possible.
InvestigationInvestigate the franchisor’s track record and assess their reputation. Have they won any accolades or awards? The franchisor should offer you the opportunity to speak with existing franchisees, to ask questions about their experiences.
Trademarked
Check that the franchisor has trademarked in the relevant classes as this protects the brand, and therefore your business.
Once you have the franchise agreement, read it thoroughly and get sound legal advice before you sign it. If there are any clauses that need clarification then ask the franchisor about them, and the reasoning behind them.
Check what you receive for the upfront franchise fee, and then what the ongoing fees are. What supplies do you need to buy from the Franchisor? What training will your staff need, and what is the associated cost? Is there a renewal cost at the end of the franchise agreement?
Perhaps most importantly, assess what ongoing support you receive after your initial training. At Turtle Tots we hold annual conferences and regular CPD days. We have an online private forum, and online videos and support documentation. Plus we have regular Skype calls, and business health checks. It is in the interests of a franchisor to offer as much support as possible, to ensure that you run a successful business.
Prepare a business plan and cash flow forecast for your business. The franchisor should provide you with a projected cash flow forecast, but you’ll need to work on this to make sure the projections are as accurate as possible, and achievable.
It’s worth preparing three cash flow forecasts – a pessimistic, realistic and optimistic version, so that you can compare the worst case scenario with the “blue-sky” scenario.
If you require a bank loan they submit your application. The large UK banks have franchise departments and may have already approved the Franchisor and lend to their franchisees, subject to personal credit checks.
Once your bank loan is approved you’ll arrange a date with the franchisor to sign the franchise agreement, transfer funds, and your training. At this stage we encourage franchisees to put 150% of energy into the launch of their business as the better the launch, the better the growth. We love the adage “The harder you work the luckier you get”. Good luck!
Find out more about the Turtle Tots Franchise here or use our search tool to help you find the right franchise for you!
Run your own successful children's rugby coaching business with the Rugbytots Franchise.
The Kumon Franchise is one of the world’s largest educational franchisor with over 600 centres in the UK and Ireland.
Hartbeeps is one of the fastest Baby Multi-Sensory Franchise Businesses in the UK.
With an Eazi-Apps licence you will be involved with the fastest growth market in history with your own mobile app business.
Establish yourself as a website specialist with the Eazi-Sites Licence opportunity.
Become a fully qualified Independent Financial Advisor with MAP
Looking to start a career in the property sector?Franchising can be a great way to start your own business within the property sector. Explore our Top Property Franchises available across the UK
Top Pet Franchises in the UKThere are a wide range of pet franchises available in the UK from pet care to pet food delivery. Here, we provide you with the Top Pet Franchises in the UK.
Starting a Franchise - Top UK Franchise OpportunitiesExplore some of the Top UK Franchises including consultancy, property, commercial cleaning and much more...
So, you are thinking of starting up your own Children's Tutoring Business? But why should you consider a franchise to do it?Here, we explain why you should consider investing in a Children's Tutoring Franchise.
Top 5 Cleaning FranchisesExplore our wide range of Cleaning Franchises and find out more about starting your own Cleaning Franchise Business.
How to become a home based travel agentAs more jobs go remote, you can help people travel the globe from the comfort of your home as a home based Travel Agent.
Top Property Management FranchisesIf you would like to run your own Property Management Business with the expert support of a well-established brand, then starting a property management franchise could be a fantastic opportunity and the perfect professional path.
Explore the Best Education FranchisesEducation franchises can be a great option for anyone who wants to own a business helping others learn, explore our wide range of Education Franchises.
Events - 10 Top Tips for attending Franchise ExhibitionsA really handy guide to making the most out of Franchise Exhibitions - So much information, so little time, and so much to take in! Help make the most of these excellent opportunities.
Westbrooke Associates: Meeting the Needs of the Armchair InvestorWestbrooke Associates promote affordable, accessible and rewarding private equity opportunities with excellent track records.
Why a recession can be a good time to start a businessIf you’re debating starting a business right now, then don’t be scared away by the big ‘R’ word. Successful entrepreneurs don’t sit around waiting for the financial graphs to grow.
Website Information - Top Low Cost Franchise OpportunitiesTotalFranchise has a wide range of franchise opportunities available across the UK. Explore our low cost franchise opportunities and business opportunities.
Investing in a franchise businessThere are many people with the desire to run their own business, work for themselves, enjoy flexibility and most importantly earn a good income but they just don't know where to start. Find out more about with TotalFranchise.co.uk
How to start a Property Management FranchiseThe property management sector has been booming over the past few years and has proven to be one of the few sectors to continue growing.
Ladies - consider franchising as an alternative to employmentAn increasingly popular alternative to employment is self-employment through franchising especially amongst women.
UK Franchise Opportunities and Business Opportunities for Sale. Explore our wide range of UK Franchises and browse information about franchising including franchise news, case studies and lots more. Totalfranchise is the leading UK franchises resource to help you start a franchise business.
Newsletter Subscribe
