WhiteCollarFranchise Executive and Management Franchises & UK Professional Business Opportunities For Sale
If you have conducted your research into methods of expansion, and want to explore how to franchise your business, then here is some information to help, step by step.
Featured Franchise
Leading Franchises

How to franchise a business

The franchise industry has seen consistent growth and with more and more great business models being made available in a ready-made ‘Business-in-a-box’ format via franchising, indications are that franchising will continue to grow in popularity.

How to franchise a business | If you are one of the lucky people who has a great and successful business and are looking at options with respect to expansion, then franchising could well be the route for you.

Franchisee investors provide capital into your business, require less investment and reduced risks against a managed expansion, plus the franchisees have far more invested interest in the success of their business, operating under your umbrella, and pushing your brand forward. So, if you’ve conducted your research into methods of expansion, and want to explore how to franchise your business, then here is some information to help, step by step.

Step One: Is your business franchise friendly?

Franchising is used by practically every industry there is, however there are a select few businesses for which franchising may not be suitable, such as where:

  • A product/service is likely to have a short self-life,
  • Gross profit margins are too low for profits for both you and any franchisees,
  • There isn’t potential for the successful geographical area to be replicated in many other areas,
  • Extensive training can’t be provided for the successful operating of a franchised version of your business,
  • The business is failing or suffering financial turbulence.

Step Two: Establishing what your brand is

Do you have a brand? Do you even know? Franchising is all about people buying into your business and your brand. The major selling point of being a franchisee is the power of your instantly recognised brand by their potential customers. To this end you need to ensure that your brand is overtly positive, as well as legally protected from abuse.

How to franchise a business | Step Three: Working out how the franchised scheme actually works

Many who are new to the world of franchising misunderstand what it is and how it works. As a starting point you will be required to create a robust operations manual that sets out what your franchisee would do, how they would do it and what performance and quality levels they would have to follow.

You will also need to create and finely hone a training program. For further help in this area you can refer to a Franchise Consultant.

Step Four: Considering your support

One of the most important benefits for a franchisee is that choosing this business format provides them with a certain level of support, be this through training, marketing, admin or in some other area. You will then need to carefully consider your support package. You may wish to look toward your competitors and see how they support their franchisees.

How to franchise a business | Step Five: The Legalities

The agreement between you and your franchisee must be formalised by way of a legal document known as ‘The Franchise Agreement’; this must, above all, be fair, robust and extensive. Generally they run for forty pages or so and you’ll need the help of a legal professional to create one.

Step Six: Financing your franchise venture

You’re utilising franchising to grow, and though setting up a franchise structure takes some initial investment, the investment that comes from franchisees investing in your opportunity means that you don’t have the cost involved with conventional growth, such as people and premises investment.

As far as what level to set your franchise package fee, key aspects to consider are:

  1. How much will it cost you and how much must you charge to cover costs and allow for expanding resources to support a franchise network?

  2. What franchise price is acceptable to market?

Hopefully, this quick guide has given you a little more understanding of what is involved in franchising a business, who can help, and how you can get hold of these sources.

Good luck and we hope to see your brand succeeding in the franchise industry very soon.

The secret to running a successful franchise.The secret to running a successful franchise.

Franchisee Lee Eaton, winnner of the 2015 BFA Franchisee of the Year Award, shares the secret to running a successful franchise.

What is the difference between a franchise and a licence?What is the difference between a franchise and a licence?

Here we take a close look at the difference between a franchise and a licence, and what they may offer the entrepreneur.

Financial FranchisesFinancial Franchises

There are some franchises that do not necessarily require experience and qualifications in the world of accounting.

Invest in a business that offers excellent financial rewardsInvest in a business that offers excellent financial rewards

Gary Farrer, Managing Director of SureCare talks about why investing in a business can offer excellent financial rewards.

Franchise your way to international successFranchise your way to international success

Hear from Ben Kirby of the InXpress Franchise as he talks about funding a successful franchise and why franchising is the best way to open a business .

Escape Corporate Life and take control of your careerEscape Corporate Life and take control of your career

Henry Ejdelbaum Managing Director of the AIMs Accountants for Business Franchise talks about escaping the corporate life.

8 top tips when researching franchisors8 top tips when researching franchisors

The Insurance SectorThe Insurance Sector

Finding the ideal work-life balanceFinding the ideal work-life balance

Executive Franchises for CouplesExecutive Franchises for Couples

The World Of Business CoachingThe World Of Business Coaching

Executive Franchises In The Retail BusinessExecutive Franchises In The Retail Business

The Types Of Franchise OwnershipThe Types Of Franchise Ownership

Can I remain employed whilst building my own business?Can I remain employed whilst building my own business?

The Home-Based ExecutiveThe Home-Based Executive

Advantages And  Disadvantages Of FranchisingAdvantages And Disadvantages Of Franchising

The IT industry is rapidly growing - Reap the rewards of an IT FranchiseStarting a Franchise - The IT industry is rapidly growing - Reap the rewards of an IT Franchise

How to find the right Accountancy Franchise for you.Business Information - How to find the right Accountancy Franchise for you.

What is a White Collar Franchise?Website Information - What is a White Collar Franchise?

Buy a Franchise - WhiteCollarFranchise.co.uk explains whyBuy a Franchise - WhiteCollarFranchise.co.uk explains why

Whitecollarfranchise.co.uk has been providing information on executive and management franchises since 2007.

“There’s more to franchising than fast food and coffee!”Starting a Franchise - “There’s more to franchising than fast food and coffee!”

Franchising can offer more than fast food and coffee, so could you follow in the footsteps of others before you who have invested in a white collar franchise?

WhiteCollarFranchise

Executive franchises and Management franchises from White Collar Franchise. Explore starting a professional business to business franchise, management franchise or executive franchise opportunity. UK Franchise news, franchisee case studies and franchise resources are all available to help start your own white collar franchise.

Latest News
To subscribe to our newsletter about the latest franchise opportunities and information, please enter your email address:
Latest Tweets

#Business #Resale of the Day: #Signs #Express #Franchise @SignFranchising in #Liverpool for £185,000 - t.co/ya43qHba5I

11:01 AM Aug 19th

A a unique and exciting franchise if you want to own and manage your own successful business -… t.co/l6nlAGZuo2

9:44 AM Aug 16th
You have selected no franchises Complete your requests