Franchising is one of the continuing success stories of the British business scene. The size of the UK franchise market is expected to double in the next four years and, according to the British Franchising Association, 92 percent of current franchisees’ businesses are currently making a profit.

However, not all franchises are the same and anyone considering taking on a franchise should research the details of the particular business very carefully before taking the plunge.

The purchase of a franchise will give a business person a rapid entry into an established business sector. Most franchises offer access to a strongly branded business with proven operational procedures and financial systems.

Franchise Checklist
When choosing a franchise, it is important to find out what is included in the franchise package and what restrictions are placed on the franchisee.

Although some differences exist between franchises in different business sectors, many franchises follow a similar pattern. Normally, the franchisor contracts to provide the essentials that allow the franchisee to get their business up and running.

The following types of materials and services are usually provided:
 basic equipment;
 raw materials and other supplies;
 training;
 licence to use brand name;
 marketing support.