Frequently Asked Questions

FREQUENTLY ASKED QUESTIONS

Making the decision to buy a franchise is a life changing decision that you need to take your time over. Here within this section of commonly asked Questions and Answers are some useful tips and hints which will point you along the right road to making you choice the right one when it comes to buying a franchise. The useful information within these pages will increase as we receive items of interest from you our readers and as we are informed and kept up to date. Sometimes it is our readers who can provide the most useful information because it is the readers first hand who have the experience of buying a franchise and of making it succeed.

1. The Basics

What is franchising? Franchising is a business model used in more than 70 industries generating in excess of three trillion dollars in the US alone. There are several main types of franchising, such as trade name or brand franchising, product franchising and business franchising...

2. How to Choose a Franchise

Firstly find out what you want from your franchise. Firstly find out what you want from your franchise. You can do this any number of ways, however a good start is to begin by writting down a bullet point list of things that you want to achieve and what you would like to do more of...

3. How to buy a franchise

There are pit falls involved in buying a franchise, but perhaps not as many as their might be if you owned your own business. It's is all relative when weighing up initial outlay of cash, sharing of risk and responsibility and using tried and tested products and methods...

4. Finding Finance

Finding finance for your franchise can feel like an enormous hurdle and it is goes without saying that this is one that you will have to cross before you get on your way to running your business.