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If you are looking into the realm of franchise ownership then there are many things that you must consider prior to even making initial contact with a potential franchisor. This can include some of the following:
As well as the above you must also consider the possibility of a newly launched franchise, and whether this may offer something to you that established franchise companies don’t.
Here we take a look at the advantages and disadvantages of joining a newly launched franchise and expand on some of the opportunities that may just peak your business interest.
1. You may find that the franchise company offers a special introductory purchase price, or some other similarly attractive discount or offer.
2. You will have far more choice as to the franchise territory you choose and, depending upon the industry in which you'll be working, this could very well be the difference between a seriously lucrative area, or one in which you achieve a modest income.
3. You will benefit from the franchise company’s almost undivided attention as their client list builds.
4. You will be bringing a new brand to your area which may well mean that for once consumers have choice rather than just relying upon one age old supplier/retailer/service provider etc.
1. The franchise model may not be completely perfected as yet; this may mean that in a year or so the franchise company has changed their offering in terms of pricing, support, or package inclusions. It may be worth asking that should this be the case whether you will be entitled to such benefits retrospectively.
2. You will need to ensure that there is a market within the area if you find there are no competitors yet within or around your territory.
Newly launched franchises are looking like particularly promising prospects right now. If you have heard enough about why you may or may not want to get in on the newly launched franchise action then look no further, the following opportunities await you:
Sherpa Kids may be a newly launched franchise within the UK, but its roots are firmly set within the international markets where its franchises now span the world. This franchise is based within childcare management offering out of school and holiday care within English primary schools.
The services provided are managed by franchisees who employ staff to directly operate on school properties. Services are staffed by qualified personnel who meet minimum standards as prescribed by the brand as well as International Best Practice. Each franchisee may operate multiple, closely located and similar profiled schools.
Zeb PA is an Outsourcing Franchise providing telephone answering and other administrative support functions for small businesses. Their business model limits start up costs and provides flexibility where the franchise owner starts off by working from home before progressing to setting up an office and employing staff.
New franchise owners will be guided through setting up their own business and Zeb.PA will help you gain new clients and referring you business from national accounts. With the necessary skill set, and following the step-by-step growth plan, a franchise owner can achieve a high return on their investment in an expanding and exciting market.
Ragdolly Annas is a Childrens Musical Activities Business that primarily provides music and rhyme sessions, but also craft and story time sessions too for new-born to pre-school children as well as entertaining at childrens parties.
Ragdolly Annas are offering an exciting yet proven business opportunity, giving you the potential to earn a full-time living, working part-time hours that you choose and best of all, have a job that you actually look forward to.
They have designed a package which enables your Childrens Musical Activities Business not only to have the best possible chance to succeed but as the franchisee, you should be able to pay yourself a wage within the second month of 'Go Live'.
The Jigsaw Franchise provides weekend performing arts schools for children offering classes in drama, singing and dance. This Performing Arts Business provides training to children from the age of three years to eighteen years. All children will achieve all three disciplines in order to become a well rounded performer.
This Performing Arts Business can also provide holiday workshops and birthday parties. However the weekend school is the main drive of the business. As a franchise owner you will manage the performing arts school at the weekend which is a key part of your role. The sessions will usually take place as a morning or afternoon session.
The Jigsaw Franchise will be able to help you decide what the best option is for you. Your role will include the following:
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