Information for franchisees

Buying a franchise, as opposed to setting up a conventional start up business, is often a much lower risk strategy. The benefits of having a tried and tested business model and the support and training provided by the franchisor, greatly reduce your chance of failure.
Successful franchisees are ambitious, hardworking and passionate about the franchise they own. It is important to select a business that you are enthusiastic about and that will ultimately deliver your desired income.

It is important to consider the advantages and disadvantages of owning a franchise. Our range of services can help you select the right franchise and provide ongoing support to ensure it enables you to achieve your goals.

Advantages and disadvantages to franchisees

There are advantages and disadvantages to owning a franchise. We can offer you a free consultation which may help you decide whether it is right for you.

Advantages to franchisees

• Lower failure rate than conventional business start up as you are buying something with a proven track record of profit generation.
• Higher brand awareness in the marketplace than a start up.
• Access to ongoing support and training to help you succeed and cope with difficult trading conditions.
• Favourable finance deals are often available to franchisees.

Disadvantages for franchisees

• Adhering to the franchisor’s rules and systems can be frustrating.
• Often tied to specific suppliers and product ranges meaning there is limited opportunity to develop.
• The brand can be adversely affected by mismanagement of the franchisor.
• Potentially expensive exit options with some franchisors requiring substantial fees should you sell.

Services to franchisees

• Acquisition advice including due diligence on the franchisor or existing franchise.
• Formation services and advice on operating as limited company or sole trader.
• Business plans and financial forecasts.
• Advice on raising finance.
• Annual accounts, audit and tax compliance services.
• Corporate tax and VAT advice.
• Outsourcing (Bookkeeping, payroll, financial reporting, company secretary.)
• Profit improvement advice.
• Personal tax, pensions and financial planning advice.
• Business valuations and advice on selling your business.

We work closely with specialist franchise solicitors to help you with the legal aspects of the business.