What is Franchising?
Franchising is a popular business model that means the franchisor allows the franchisee to operate their own business under the brand of the franchisor.
In return for an initial investment and monthly service charge payment, the franchisee receives everything they need to run their new business with help and support from the franchisor at an agreed level and for an agreed length of time.
Many shops and services available on the High Street are successfully operated on a franchise basis, taking advantage of sound business benefits that often include:
- Using a tried and tested business model that’s already operating with proven success
- National advertising and awareness campaigns backed by a trusted trading name
- Full training in operating the business and winning new customers
- Discounted bulk-purchases for business consumables and equipment.