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Run a Business in Surrey with Franchising
Franchising is a great way to become a business owner. Not only do you get access to a proven business model and established brand name, you get full training and support as well. There could not be a better time to invest in a franchise in Surrey. Becoming a business owner has its advantages over the likes of employment because you are in full control of your career and future. Not to mention your earnings, which can be scaled in line with your ambitions. There are over 1,300 franchises in the UK now, a figure constantly on the rise. Many of which are still available to run and operate in Surrey.
Some of the best franchises to own in Surrey can be invested in from less than 10K. Whilst higher end franchises like fast food and premises based retail unit franchises can be invested in from less than 50k. The best franchises in Surrey will be those that you enjoy running and can see yourself owning for at least 5 to 10 years.
Becoming a franchise owner has its advantages over starting up in independent business as well. Where starting up a business alone gives you full control over the brand. It leaves you open to potential mistakes and pitfalls that beginners will make. Even experienced entrepreneurs make mistakes and whilst independent business ownership carries an average success rate of 79%, franchising success rate is generally quoted around 93%. Becoming a franchise owner is a no brainer due to the support and access to an established business model. There are many business opportunities and franchises perfect for new business owners in Surrey.
What are the Benefits of Owning a Business in Surrey?
Surrey has a strong history and cultural background making it a fantastic place to open a business. Franchise businesses are scalable and they all follow the same guidelines sell the same products and share the same values. Franchise business models have been designed to be replicated across multiple areas with minimal variation to ensure consistency, which in turn leads to a higher success rate. By following the same principles and operations manual, this means a clearer picture on the probability of success can be given to future franchisees. Profits and losses can be realised enabling franchisees to aim for targets.
Franchisees will all use the same supplier which enables them to benefit from group purchasing power. This means that when all franchisees use the same supplier the supplier is in turn able to reward this loyalty by offering discounted production services. As a result of this, franchisees can deliver their end product and services at prices lower than their competition. If the nature of the franchise already appears to be somewhat saturated in Surrey, there is still market gap which is why despite the competition franchisors are keen to cover the entire UK. If competition exists, this clearly shows demand for a service! This leads us to the next point; brand recognition.
Franchise networks benefit from power of brand with all franchisees contributing to a group marketing fund, franchisors can use royalty fees to promote the franchise network via media streams like television and radio that shouldn't be wouldn't be viable for independent local businesses. Building up strong brand recognition franchisees benefit from strong reputation established by all franchises. Which means starting up a business via franchising gives you an immediate boost in Surrey compared to starting up a business from scratch.
Businesses For Sale Surrey UK
Another brilliant choice if you’re looking to get a head start into business ownership is buying an existing business. Sometimes there will be businesses for sale in Surrey and often these will be franchise resales. A franchise resale is where an existing franchisee is looking to sell their Surrey territory to another franchisee. That’s right, once you decide to move on after reaping the lucrative rewards of franchising, the business is yours to sell on! Franchise resales still give you the full training and support that franchisees are entitled to. What’s more, you get a fully established business model already marketed in Surrey, along with a customer client base. Although the cost of the business is often five to six figures, the turning factor is that cashflow is immediate from day one.
Discover Business Opportunities in Surrey
Surrey, a county in the southeast of England, is renowned for its scenic beauty and affluent towns. However, beyond its picturesque landscapes, Surrey has established itself as a vibrant hub for entrepreneurship, attracting a diverse array of businesses and innovative minds.
One of Surrey's key strengths is its strategic location. Bordering London, Surrey offers entrepreneurs proximity to the capital's vast market and business resources while providing a more relaxed and less congested environment. This unique positioning allows businesses in Surrey to leverage the opportunities of a major global city alongside the benefits of a more serene setting, ideal for fostering creativity and innovation.
The county's economy is diverse and robust, with significant contributions from sectors such as technology, healthcare, professional services, and creative industries. This diversity not only fuels economic resilience but also creates a dynamic ecosystem where cross-sector collaboration sparks innovative solutions and ventures.
Education and research are pivotal in Surrey's entrepreneurial landscape. Prestigious institutions like the University of Surrey and Royal Holloway, University of London, are integral to the county's innovation system. These universities are not just academic hubs but also centers for research and development, providing a steady stream of talent and cutting-edge innovations that fuel entrepreneurship in the region.
Surrey also boasts a supportive environment for startups and established businesses alike. Numerous incubators, accelerators, and networking groups offer resources, mentorship, and community support, essential for business growth and success. The county's commitment to entrepreneurship is evident in its thriving business parks and enterprise zones, designed to foster innovation and economic development.
In conclusion, Surrey's blend of strategic location, diverse economy, educational excellence, and supportive business environment makes it a prime destination for entrepreneurs. Whether it's a tech startup, a healthcare innovation, or a creative venture, Surrey offers the resources and community needed to turn entrepreneurial visions into reality, solidifying its status as a key player in the UK's entrepreneurial landscape.
Most Profitable Franchises in Surrey
Ultimately the most profitable franchise opportunities in Surrey will depend on multiple factors. The factors that influence profitability of a franchise include:
Location - While van and home based / internet businesses are less susceptible to location influenced profitability, a van franchise territory which spans upwards covering more miles than one that covers greater radial area will use more miles, more fuel, than one with more clients in a specific density. While van franchises in Surrey should generally be fairly profitable, ask the franchisor for exact mapping so you can judge how far you may need to travel for some clients. To make van franchises profitable, bundle bookings of clients who are near to each other in a single day.
Your Own Efforts – Fairly obvious one. The harder you work, the more you’ll benefit. Some franchises in Surrey are more profitable than others.
Lets take a look at some of the most profitable types of UK franchises that can be run in Surrey.
Most Profitable Sports Franchises in Surrey
Demand for sporting and fitness related activities is on the rise. Not only are more parents becoming aware of the benefits of getting children active, children are also seeing the benefits. This is realised through the ever improving and dynamic change to what is available. No longer are conventional sports like football and tennis the norm. Today, sports franchises in Surrey are diversifying to extend inclusion and participation in a range of activities. Futsal and dodgeball are becoming the new norm, while other movement activities are drawing in children of all backgrounds.
Some of the biggest and best sports businesses to own include running a gym, childrens activity franchises and yoga.
Most Profitable Food Franchises in Surrey
Coffee and fast food remains a top choice for entrepreneurs in Surrey and there is still a lot of opportunity. From peri peri franchises to mobile coffee, demand in Surrey is constantly growing. Coffee franchises in Surrey are rapidly developing and the opportunity to get into this market can be yours for less than £30K. Franchises like Really Awesome Coffee and Coffee Blue are mobile coffee franchises, utilising a converted van selling coffee in high footfall areas. Plus booking onto local events in Surrey such as fairs, parties and weddings. With multiple revenue streams, food franchises like mobile coffee, corporate catering and hog roast remain some of the most profitable franchises to run in Surrey.
Other highly profitable food franchises in Surrey include:
- Italian Food and Pizza Franchises in Surrey
- Bubble Tea Franchises For Sale in Surrey
- Ice Cream Franchises in Surrey
Support For Franchise Opportunities in Surrey
As a franchisee in Surrey, you will benefit from initial training and ongoing support from the franchisor. This might include R&D and development towards new products and services, keeping your business inline with the latest trends. The training you receive covers all aspects of the business, its practices and in detail the franchise operations manual. There are many resources out there including the British Franchise Association, to help new entrepreneurs entering the world of business ownership via franchising. The British Franchise Association for example, have a number of franchise training courses. As well as monthly Power Hour zoom calls to help you understand franchising in much more complexity, but the 40+ regulars on the call including bfa board, franchisors and advisors, will be happy to answer even the most novice of queries.
Spend time exploring franchise consultants within Surrey as well as legal advisors, who will support you in making the right decision. It is important to work with a franchise consultant to review the franchise agreements.
Businesses like the Federation of Small Businesses actively work with startups and franchisees alike, providing tax help, employment help, business documentation templates and so much more. There is so much support available to you. If you’re looking to get into business ownership, why not consider franchising?
Discover franchises opportunities in Surrey at Franchise Planet.