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The chart below illustrates the normal process that a business will go through when developing a franchise model. Our service list above covers all of the work required to support a business through this development process:
When thinking about franchising, there are a number of issues to consider:
Is the business producing attractive profits and a reasonable return on investment?
Franchisors usually generate revenue from their franchise operations in the following ways: Franchise Package Fee:
A one-off, up-front fee paid by franchisees for the initial products and services provided by the franchisor to enable them to set up and begin trading.
In addition, franchising normally significantly increases the capital value of a business and some franchised businesses have sold recently for very significant capital amounts - much greater than could have ever been achieved from company owned expansion.
Various factors will influence how quickly we could prepare you to launch your franchise operation and it is impossible to give a precise prediction of this here. As a guide you could be ready to begin seeking the pilot franchisees 3-4 months from the commencement of the project.
The precise investment required from you in order to franchise your business depends on a number of factors including the complexity of your business model. We will be able to give you a Project Proposal and an itemised breakdown of the costs once we’ve discussed this fully with you and obtained a detailed brief. Here’s a guide:
Stage 1: Designing the model: £5000 - £8,000 + VAT
Stage 2: Franchise documentation: £5,000 - £8,000 + VAT
Stage 3: Piloting and ongoing depends on our input but fees can be linked to franchisee recruitment
Legal fee franchise agreement: £3,000 - £5,000 + VAT
Franchise prospectus: £500 - £1,000 + VAT
UK trade mark registration: £200 - £800 + VAT
Franchise recruitment launch budget - TBD