Buying a franchise - We can help...

Is now a good time to buy a franchise?

With the current economic uncertainty, it's certainly important to consider any new business investment carefully.

But if you choose the right franchise, you can buck the downward trend even in a recession - it's just a case of choosing the right product or service. For example pizza franchises are reporting increased business as customers order-in pizza rather than go out to expensive restaurants.

Chose the right franchise and with a lot of hard work and the right breaks, you could have a lot more financial security than most employees.

What is a franchise?

A franchise is a business just like any other, however rather than starting a business from scratch the new business owner or 'franchisee' buys a business format from an existing successful model. For example let's say you want to open a pizza delivery business in your town.

You need to learn how to cook pizzas, rent or buy a shop and fit it out, find out where you buy the ingredients, source a pizza oven, employ staff and train them, get menus, leaflets and flyers printed and distributed, arrange deliveries and generally run the business.

You can either learn to do all this by yourself with the attendant risk and delay or you can get expert help and support from someone who has helped start not one but hundreds of pizza outlets - the franchisor. He will have run across almost every problem you are likely to experience and will be able to train you and advise on all aspects of the business. In addition, you will be using the franchisors brand - something that he has spent large sums of money and many years promoting.

Find out more about a loan to buy a franchise

What does buying a franchise include?

When you buy a franchise, you are buying the right to use an existing business format - This can include a brand - ie. the look of the business, logos, trademarks etc. as well as help with setting up and trading the business. The franchisor should help with:

Training you to run the business - Finding a suitable site for the business - Design and layout of the premises - Putting business systems in place, ie management structure, stock control, staff hiring - Promoting the business through advertising and marketing - Advice and help through all phases of the business.

Visit British Franchise Organisation

Visit Which franchise.com

Visit The UK Franchise Directory

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How do I finance a franchise?

Be Your Own Boss The methods of purchasing a francise vary but most involve an up-front payment and an ongoing fee. If you're thinking about buying a franchise, it's essential that you have access to adequate levels of finance both for the initial purchase and for cash flow during the start up period so take a minute to enquire now.

Our lenders have access to thousands of packages and rates and can find the best business loan to suit you and your business - there is no obligation and the service is free

We can help you find finance for franchise purchase and growth whether you have just started up or have been trading for a while and are looking for extra funds so try us first for a franchise loan.

We also offer payday loans for fast cash.

Loansite is one of the longest established online brokers in the UK - we've helped thousands of people find loans and remortgages so why not let our lenders do the shopping around for you?

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