How to Run a Business from Home
Published on 24th February 2023
Table of Contents When the COVID pandemic hit the UK, employees were told to work from. A luxury for many, a lot of people decided to resign rather than go…
What Are The Differences Between Franchising and Employment?
Published on 22nd February 2023
Franchising is a great way to get in to business ownership. If you’re transitioning from employment into business ownership, you’ll be pleased to know that there are many similarities between…
The Similarities Between Franchising and Employment
Published on 19th February 2023
If you start each new year with the same resolution – new year, new career – but fail to make it stick, maybe it’s time to look for an alternative…
Home Improvement Franchises – The Foundations of Success
Published on 16th February 2023
Home improvement is a resilient trend that has demonstrated growth for years. It is a frequently identified statistic that around 75% of UK homeowners spend on home improvement at least…
What are White Collar Franchises and Should You Invest in One?
Published on 10th February 2023
Franchising is a great way to get into business for yourself, but not by yourself. From a full launch package, everything you need and ongoing support, franchising is a well-supported…
Biggest Franchising Questions of 2023 Answered
Published on 3rd February 2023
Despite the pandemic, cost of living crisis and recession, 2022 continued to deliver results across the franchising sector. Franchisors and franchisees adapted well to huge shifts in market trends and…
Which Franchises Can Be Run Part Time?
Published on 30th January 2023
When you become a business owner, greater flexibility is on your side. You get to work your own hours and benefit from a better work life balance. But can the…
Foundry Recruitment Lands at Franchise Planet
Published on 19th January 2023
Foundry Recruitment – a leading UK recruitment franchise – has now arrived at Franchise Planet directory. Recruitment businesses are the backbone of the employment sector, releasing up considerable time and…
What is a Management Franchise and Should You Invest in One?
Published on 12th January 2023
What is a management franchise, how much do they cost and how do they work? Find out why management franchises are a fantastic investment for those looking for a better work life balance.
10 Reasons to Invest in a Massage and Spa Franchise
Published on 6th January 2023
If you’re looking to change career direction and have considered business ownership as a possible avenue, franchising is a great way to go about it. If you have a passion…
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.
