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General franchise infomation

There are approximately 34,000 operating franchisees turning over 10 Billion and almost 97% of franchisees being in profit after five years compared to 45% of other independent business. Buying a franchise business in the UK still presents a fantastic opportunity to succeed when you go it alone. (Source: British Franchise Association).

Buying a franchise can be a quick way to set up your own business without starting from scratch. There are many advantages to the franchisee which include the following:

  • Your business is based on a proven idea. 
     
  • You can use a recognised brand name and trade marks.
     
  • You benefit from any advertising or promotion by the owner of the franchise - the "franchisor".
     
  • The franchisor gives you the support, full training, help setting up the business as well as a manual telling you how to run the business and ongoing advice.
     
  • You usually have exclusive rights in your territory. The franchisor won't sell any other franchises in the same region.
     
  • Financing the business may be easier. Banks are sometimes more likely to lend money to buy a franchise with a good reputation.

Morgan Harvey Group. No 1, Farnham Road, Guildford, Surrey | 0844 811 0473