Phil Gaffer Franchise Recruitment Manager from BCR Associates and Regional Chair for the BFA South West provides tips for new franchisees
“Investing in buying a franchise represents a major life changing decision and is certainly not one to be taken lightly. Just as you wouldn’t dream of buying a house without a lot of careful consideration and research, you should also apply the same degree of prudence to purchasing a new business”, says Phil Gaffer, Franchise Recruitment Manager from the successful profit improvement franchise, BCR Associates.
Phil - who is the Regional Chair for the British Franchise Association South West Forum – has been working in the franchise recruitment sector for over 12 years and has recruited over 100 franchisees. “Following recent franchise trade show activity, there are likely to be many people currently out there contemplating a move into franchising. As a responsible franchisor, we always advise any of our prospects to ensure they undertake the relevant due diligence before committing to the investment.
There are some unscrupulous franchisors out there who are merely focused on making a sale, when of course the priority should be on recruiting the right franchisee to ensure the future growth and development of the business – and of course to safeguard the priceless reputation of the brand. Any prospect who finds themself being propelled towards a sale which they are not entirely comfortable with, should immediately question the integrity of the franchisor,” recommends Phil.
“Part of the journey towards becoming a franchisee will involve some serious soul searching as well as in-depth investigation on the company concerned. At BCR Associates we always encourage our prospects to bear in mind some key essential first time franchisee tips” continues Phil.
BCR Associates top tips for first time franchisees:
18th September 2012
Sally Cattle becomes a BCR Associates franchisee