commercial franchises with social impact beyond job creation
Right at Home
SureCare Community Services
Banana Moon Day Nurseries
Monkey Puzzle Day Nurseries
Ed`s Garden Maintenance
Envirocare Grounds Maintenance
Esquires Coffee Houses
Jaspers Corporate Catering
The Zip Yard
VIP Bin Cleaning
Sports Xtra - Coach
Sports Xtra Franchise
The Little Gym
What are Impact Franchises?
What is a Franchise?
British Franchise Association
Advantages and Disadvantages of Franchising
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To help you reach a conclusion as to whether or not a particular franchise is for you, on top of your own research, it is vital you take advice.
There are people who know you well and who's opinion you probably trust. Family and friends can be a great source of advice. Remember, you will probably have to call upon their support as you run the business so including them in any decision is essential.
Apart from that, you will need some professional advice. This generally falls into the following areas:
There are specialist franchise solicitors who advise on franchise agreements. These are substantial documents which differ from normal business contracts. They contain what is expected from you, what you cannot do, what powers the franchisor has, etc.
2. Financial - funding
There are High St banks with recognised franchise departments. These are familiar with the characteristics of various franchises and the funding needed. They will assess you and your suitability to run the business, the amount you require, how you are going to repay and what security you can offer.
3. Financial - accountancy
Although the franchisor will invariably have financial systems as part of the deal, it may be advantageous to find an accountant who understands franchising to advise you on your personal tax matters, etc.
We would also stress
as a great source of advice.
BRITISH FRANCHISE ASSOCIATION
In 1977, the major franchise companies in the UK decided to set up their own association. The British Franchise Association (bfa), was formed to act in the interests of the industry as a whole in assessing and accrediting franchising companies as those which meet its criteria for the structure of the franchise business, the terms of the contract between franchisor and franchisee, the testing of the system and its success as a franchise.
On this site, we only feature franchisors who are either:
Full Members of the bfa
Full Members are established franchised businesses with a proven trading and franchising record. They are prepared to have their reputation examined by the bfa, and have an established network of franchisees.
Associate Members of the bfa
Associate Members have proven their ability to launch and support at least one franchised outlet for 12 months and are now in the business of building their network. There will be few franchisees whose experience you can research and a short period of time over which the business has been tested.
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