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 dozens or even 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.
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
Find out more about Women in Business
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How do I finance a franchise?
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?
Loansite is a Limited
company based in Cardiff, UK.
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