8 Advantages of Home Based Franchises
Published on 21st July 2022
For many people, home based working was a dream, realised during the COVID-19 pandemic of 2020 and 2021. Many businesses continued to stick to home based working, either in part…
10 Best Types of Automotive Franchises
Published on 29th March 2022
There are many different kinds of franchises out there. From pet franchises, to cleaning and food franchises. But one example which cannot be missed are automotive franchises. Vehicle franchises. Anything…
What Are The Benefits of Investing in a Franchise?
Published on 25th March 2022
What are the advantages of investing in a franchise? Firstly, let’s go over the basics of what a franchise is. By having the knowledge and understanding of what a franchise…
5 reasons to invest in a gym franchise
Published on 23rd July 2021
Gyms are becoming increasingly popular, with membership numbers increasing worldwide. Gyms are a great place for people to increase their fitness levels, lose weight and enjoy social interactions with other…
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.
