Can You Really Buy a Franchise For Less Than £10K?
Published on 16th October 2023
Becoming a business owner, being your own boss, it is a dream many have but don’t pursue. There are a number of reasons why some choose not to go down…
How Franchisees Can Save Costs Without Diluting Result
Published on 9th October 2023
We all know that one of the benefits of becoming a franchisee is access to centralised support. An established franchise will already have a brand presence and there’s a lot…
What Types of Franchises Can You Run On Your Own?
Published on 27th September 2023
10 Franchise Opportunities You Can Run Independently Franchising is a great way to get into business for yourself but not by yourself. When you first think of franchising, big names…
How Franchising is Driving The EV Market Forward
Published on 18th September 2023
With a ban on the sale of petrol and diesel vehicles from 2035, the UK government is driving down a somewhat bumpy road to decarbonisation. Not all consumers have been…
Ten Top B2B Franchises You Can Run With a Van
Published on 29th May 2023
Running a business with a van is the perfect solution to self employment for many. You’re not confined to the same premises all day long, as you would be with…
Should You Invest in a Franchise in a Competitive Market?
Published on 24th May 2023
One of the biggest reservations anyone has when considering to launch a business is how fierce will the competition be? If you’ve been doing due diligence as part of researching…
10 Food Franchises You Can Invest In For Under £20K
Published on 2nd May 2023
Food is one of the biggest and most lucrative sectors within franchising. There are many different types of food products sold in a variety of manners, and franchisees across the…
10 Reasons to Invest in a Home Services Franchise
Published on 25th April 2023
Home Services Franchises broadly cover a range of different businesses which deliver a service within the client’s home. There are a wide range of property services franchises, and with property…
10 Van Based Franchises Under £20K
Published on 5th April 2023
Table of Contents Van based franchises are a great choice for anyone looking to get a business of their own on the road. A highway to success, franchising has a…
The Top Franchise Exhibitions to Attend in 2023
Published on 30th March 2023
Looking to get into franchising and be your own boss? Good choice. Franchising is incredibly well supported, and if you’re exploring the prospect of attending a franchise show, you probably…
The Latest Franchising News at Franchise Planet
Looking to get into business for yourself but not by yourself? Read the latest news from franchises in the UK. If you’re reading about it, franchisees are demonstrating resilience and are enjoying the luxuries of business ownership. Could you be the next franchisee with a leading brand?
There are over 1,000 franchises in the UK, and more than ten times as many franchisees. From dog walking to pet sitting, fast food to plumbing, there is something for everyone.
Read the latest news and discover a world of franchises at Franchise Planet.
What is a Franchise? What is Franchising?
Franchising is one of several methods of business expansion. A franchise collectively refers to a network of businesses operating under the business format franchise model, whilst a franchise can also refer to a specific business within it.
In franchising, all franchised units follow the same structure, offer the same services and aim for a common goal. How the business is structured, how each unit should operate, will be outlined in a franchising document called the franchise operations manual. The relationship between all parties and terms of access to the “ops” manual is outlined in a document called the franchise agreement.
When you invest in a franchise, you’re ultimately setting up your own business. In addition to the “business in a box” that you get when investing, you get the rights to trade as an already-established, recognised brand name.
Some good examples of well-known franchised brands include McDonald’s, Wiltshire Farm Foods, Tubz Vending and Dial a Dog Wash.
How Much Do Franchises Cost UK?
There are no specific costs for running a franchise. The investment will vary depending on the franchise package. From zero-cost franchises where most of the expenses are incurred later after establishment, through to higher end franchises that cost upwards of £250,000, the cost really depends on the business. But we shouldn’t say “cost”, but rather “investment”, because the business is yours, at the end of the agreement, you’re welcome to sell as a franchise resale and get back a reasonable amount, usually more than what you initially paid because your hard work and efforts add value. Not to mention the customer base and reputation you’ve built up.
The Franchise Planet franchise directory lists many different opportunities with a number of investments. Some opportunities even offer a range of different packages to suit your budget.
What is Franchise News?
From business expansion stories to franchising award wins, there is a lot going on in UK franchising. The sector is thriving and with more and more people getting involved within franchising, the opportunities are constantly growing.
You can read the latest UK franchise news stories at Franchise Planet.
