Impact-logo


commercial franchises with social impact beyond job creation
 
  • Adult Education
    • Adult Education
    • Pitman Training
    • Tutor Doctor
  • Care
    • Care
    • Ableworld
    • Bluebird Care
    • Caremark
    • Home Instead
    • Right at Home
    • SureCare Community Services
  • Nurseries
    • Nurseries
    • Banana Moon Day Nurseries
    • Monkey Puzzle Day Nurseries
  • Employability
    • Employability
    • Ed`s Garden Maintenance
    • Envirocare Grounds Maintenance
    • Esquires Coffee Houses
    • Jaspers Corporate Catering
    • Rainbow International
    • The Zip Yard
    • VIP Bin Cleaning
  • Sport
    • Sport
    • Anytime Fitness
    • Energie
    • Little Kickers
    • Premier Sport
    • Sports Xtra - Coach
    • Sports Xtra Franchise
    • Tatty Bumpkin
    • The Little Gym
    • Tumble Tots
  • Young Minds
    • Young Minds
    • ComputerXplorers
    • Creation Station
    • Jo Jingles
    • Kumon Educational
    • Monkey Music
    • Pyjama Drama
    • Stagecoach
    • Tutor Doctor
  • Start Up
    • Start Up
    • Stages
    • Preliminary Research
    • Contact Franchisor
    • Business Planning
    • Getting Advice
    • Funding
    • Personal Reflection
  • About
    • About
    • What are Impact Franchises?
    • What is a Franchise?
    • British Franchise Association
    • UK Franchises
    • Advantages and Disadvantages of Franchising
    • Contact Us
    • Email Sign Up

GETTING ADVICE 


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:

1. Legal
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 the bfa as a great source of advice.
Getting Advice
Stages
Preliminary Research
Contact Franchisor
Business Planning
Getting Advice
Funding
Personal Reflection

 

TAG CLOUD

Adults Catering Children Cleaning Community Day Nursery Disability Education Elderly Care Employability Events Ex-Offenders Fitness Gardening NEETs Play Centres Preschool Property Maintenance Retail Sport

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.

or

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.
 
 

  • Impact Franchises Ltd Registered Company 9012222

 
a hubb.church siteLow GraphicsCopyrightT&CsPrivacyHelp