Franchises Under 80K

Be Your Own Boss with Franchises Under £80K

If you’re looking to get into business for yourself but not by yourself, franchising offers you that plus more. Often referred to as a “business in a box”, franchises provide aspiring entrepreneurs with everything they need to achieve their dreams of business ownership.

Many well-known UK banks are members of the British Franchise Association including Barclays and Lloyds (correct as of March 2023), who have specialist franchising advisers who are able to help those looking to journey into business ownership. It is a widely recognised figure that banks can lend up to 70% of the franchise investment, meaning a franchise for £80k could be yours for less than £30,000, enabling you to set aside more of your own funds as working capital to see the business to success.

What is a Franchise?

A franchise is a business which operates under license from the franchisor. Franchising is a method of business expansion where the brand’s owner licenses out the rights to trade as that business to a third party - known as the franchisee. Running a business; the franchisee benefits from trading under the recognition of the franchisor’s brand and working systems all whilst enjoying the luxury of having a business to call their own.

Franchising is a great way to get into business for yourself, but not by yourself.

Why invest in a Franchise?

There are many reasons to consider investing in a franchise. When considering business ownership, you’ve generally got three options to choose from. The first, one which most people default to, is starting up a business from scratch. This comes with a lot of risks, not to mention the fact that many can easily underestimate the amount of time and money that needs to be invested. Secondly, buying a business that’s already trading means cashflow from day one, but this can be expensive – easily exceeding £80,000.

Then you’ve got franchising. The business model has been laid out and has been proven successful, thanks to countless already-trading franchisees. Franchising means you’ll be spending your money not on a risky startup venture – but a proven brand, established business model plus comprehensive training and support. Not to mention launch marketing and all necessary equipment. For a new business, a website could easily take up to several years to start generating decent results and clients, but you jump starting to this even with a franchise, because you’ll get either a subdomain or prominent placement on the franchisor’s website which already has authority.

Are Franchises Under £80,000 Profitable?

Generally all well-established franchises are profitable, regardless of the investment. Any franchise business can be profitable, provided the franchisee follows the operations manual and devotes the necessary resources to see the business to success. It is important that you carry out due diligence and background checks before making any commitment into a brand. Make a list of 10 franchises which meet your interests and explore each one. Identify how many franchisees each one has, maybe take the time to speak to some as well.

Franchising is designed to be successful, it is a scalable approach to business expansion where all franchisees and units follow the same brand, system of operation and deliver the same products. This streamlined delivery of service and the replication of working principals means that businesses closely follow the already-successful founding business.