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Franchising is the best kept secret for acquiring expansion capital in the business world. Take a step back and look at Franchising; someone pays Your business a lump sum as a Franchise fee for the right to use Your business brand, name, systems, products and operation. Going forward they will also pay a royalty or percentage of their sales to continue the right to use the business name, systems etc.
In other words as a Franchisor you are never dependent on a single bank, a group of investors or an outside entity to acquire funding for expansion.
Every Franchisee is both an investor and a partner and is absolutely geared and focused on business success i.e. total loyalty to the business.
But what Franchising really does for Your business is that it allows growth at a much more rapid pace than would be possible by any other method whilst keeping full control of the business.
As the Americans would say ‘you do the math’. If Your business sold 10 Franchises in the next 12 months which incidentally is absolutely achievable and the business charged a Franchise fee of £15,000, this would deliver an expansion war chest of £150,000 and £150,000 next year and so on. This investment comes without any bank hoops to jump through, without any setup fees without any loan repayments and without giving up any equity in the business.
That is why any and every business owner should investigate Franchising as the main vehicle to expand their business.
FranchiseRoute is the Franchise development business that spun out from Franchising our own Asset Finance business. Over a 37 month period, we successfully recruited 52 Franchisees. We have developed the recruitment systems, full documentation suite, the training, coaching and mentoring programmes and importantly we have learned from our mistakes. A totally refined Franchising system.
FranchiseRoute is a fully managed Franchising development business, our clients get on with running their core business, while we build their Franchise network.
To download a ‘Franchise Your Business’ Pack click here.
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