Franchising offers opportunities in a wide range of industries. From home-based businesses to high street retail units, mobile businesses to office based operations, if you are looking for a franchise, select the category below that interests you and start to find out how you can become your own boss.
By looking at the range of UK franchise opportunities for sale it could provide you with an envied insight into a world where future success is realistically based on proven systems and a long established history of successful trading.
What is a franchise?
Franchising is often referred to as ‘a business in a box’. The box contains all the elements necessary for any new franchisee, with little or no previous business experience, to kick-start a new business opportunity with dramatically better chances of success than could ever be expected of a stand-alone start-up.A franchise (or business format franchise) is a business model which has been created and developed to be profitable - and to be replicable. Before recruiting franchisees, the franchisor will have tried-and-tested the franchise over a period of years, adapted and changed the business to meet different trading conditions and – critically – developed a business model which can be transferred to another geographical location to assure the same probability of success.
Buying a franchise
The new franchisee buys a license to use the franchisor’s name and/or brand and operates a local franchise as its owner. The franchisor delivers initial and ongoing training together with tried-and-tested management systems and provides a hand-holding partnership where the franchisee is in business for himself – but not by himself. And as the ongoing success of the franchisor’s business is wholly dependent on the success of its individual franchisees, it is in the franchisor’s commercial interest to continuously support, train and motivate its network of franchisees to sustain and build on its business success.
Many new franchisees have little or no previous business experience. The franchisor will therefore offer not only the technical training necessary to operate within a chosen sector, but also provide proven systems covering the critical areas of producing a business plan, getting new customers, invoicing, credit control, cash flow, maintaining proper accounts and general management techniques. Additionally, many franchisors provide specialised equipment and bespoke software as part of a package tailored to individual business sectors.