Franchise Local 2YOU

Franchising is one of the most stable and viable methods of starting a business. It requires drive, discipline and dedication, but can generate excellent rewards. Furthermore, it is almost a middle ground between being an employee in a company and the risky life of a lone entrepreneur. While you still have the back-up and systems of a larger corporation, you can relish the freedom of being your own boss. However, one of the first challenges you will have to overcome is money. The UK average total start-up cost for a personal services franchise is £42,000. So where might you find this essential funding? Bank Loan Due to the more secure nature of franchising, banks are often content to lend up to 70% of your total investment. Speak to your personal bank, but don’t be afraid to approach others. Franchise Fund Franchise Finance had launched a dedicated £50m fund for existing and prospective franchisees. Finance is available for amounts between £5,000 and £500,0...

You may be ambitious and have aspirations which are both personal and work-related. You might have been made redundant, or simply decided that the job you have been doing no longer satisfies your needs. But it can be daunting to start travelling down a new path – to look for something which meets your idea of work-life balance, and where you can even be your own boss. Franchising could be a great option for you, particularly if you are focused, customer-driven, organised and ready for a new challenge. But first you might need to overcome some real fears: Money . Whether you are thinking about where to find funding, raising capital, or securing a reliable revenue stream – running out of money is one of the biggest concerns for a new business owner. But there are ways of raising funds such as business grants from the government: do your research and be prepared. Not being good enough . Everyone thinks that they must be the best to be successful, but to start out your ...

The Franchise Local 2You Roadshow is a series of six, small, free showcases taking place in convenient, well-known venues around the UK. The owners of lucrative franchises will be taking part in all six exhibitions, hoping to meet motivated individuals interested in running their own business. In addition to meeting face-to-face with these successful franchisees, visitors will be able to get independent advice, guidance and support. Furthermore, Franchise Local 2You will be hosting a series of free, informative seminars at each event. Each seminar will be approximately 15 minutes long and there will be one session of each in the morning and afternoon at each showcase: “The Perfect Franchise – How to Choose?” Seminar by Mr Franchise With well over 1,000 different franchise brands available in the UK, it can be difficult for prospective franchisees to know which one is going to best suit them. Which one will fit in most with your family and non-work life? Which is going to play t...

As of January 2016 franchising contributed £15.1 billion to the UK economy, an increase of 46% over the past 10 years. 621,000 people are employed in franchising in the UK, of which 321,000 are in full-time employment (an increase of 70% over the past 10 years). The number of franchisee-owned businesses has increased to 44,200 in 2 years (by 14%). Those businesses are also becoming larger as the sector matures, with over half now claiming an annual turnover of more than £250,000 and with one-third now employing 10 or more staff.    97% of franchisee-owned units reported profitability, with 56% saying they were ‘quite’ or ‘very’ profitable. Ownership changes in franchisee business are correspondingly low (4.6%) and 91% of franchisees say they are ‘mainly’ or ‘definitely’ satisfied with their franchisor.   So what are the top 10 reasons people choose to take on a franchise? 1.     Be your own boss   – many people reach a stage in their life...