Buying into a Franchise

Set up in business by buying into a franchise

As a franchisee you have the opportunity to set up and run your own business while reducing some of the risks involved in the venture. The rewards and challenges of being your own boss are enhanced by the comfort of knowing that your business is offering a tried and tested product or service that is supported by an established company.

As with any business venture, you need to make sure you:

• fully evaluate the proposition
• identify the costs
• assess the potential income
• draw up a business plan
• take independent accounting and legal advice

Some key questions to ask a franchisor:

• How many franchisees do you have?
• Can I have a list of franchisees and contact them to ask of their experiences as a franchisee?
• Has the company run a successful pilot franchise operation?
• What training and marketing support is provided?

For a free guide on buying into a franchise (worth up to £5.50) or to arrange for one of our franchise finance specialists to get in touch with you, contact us or call us on 0800 521 607.