5 reasons to invest in a UK franchise
Are you looking for a career change?
Do you want to be your own boss?
Here are our top 5 reasons to invest in a UK franchise.
Taking the leap and kick-starting your franchising journey can seem daunting. There are however many aspects to it that make it a far more straight forward process than starting your own business. Here we discuss reasons to take the plunge, key points to consider along the way, and how to find the right franchise opportunity for you.
1. Gain all the knowledge and tools you need to get started
When you take on a franchisee, you are provided with all the information and tools you need to get started. Although this varies between franchise model, a full training programme is often in place to ensure you are fully prepared to embark on your new venture.
2. Benefit from an established brand and proven business model
One advantage of taking on a UK franchise is knowing you are investing in an established brand and proven business model. There is less risk as the business is already proven to be at the very least viable, profitable, and scalable. The franchisor has built a business with a strong foundation, developing systems that work, constructing a strong brand and establishing a product/service that can be replicated by franchisees.
3. Embrace the ongoing support from your franchisor
Ongoing support is a fantastic tool for any franchisee to utilise, no matter what stage they are at in their journey. From the initial training to ongoing mentoring, your franchisor is there to help you along the way. Franchisors will also frequently provide useful guidelines to help ensure success.
4. Take full advantage of a supportive network of franchisees
By joining a franchise network, you are becoming part of a group of like-minded individuals who essentially share the same goal. This is a highly valuable resource and presents a fantastic opportunity to connect, learn and collaborate. Some franchisors will even encourage communication among their network by ensuring there is a platform set up for them to ask advice and share insights.
5. Improve your work/life balance with a franchise that suits your lifestyle
Although franchise opportunities vary, many will allow you to take great strides towards achieving your desired work/life balance. Once the business is established, you will find yourself reaping the rewards of being your own boss. Whether you are looking to spend more time with your family or want to take up a new hobby, franchising allows you to prioritise what is important to you. While some find that the franchise they have chosen only requires them to work certain hours, others choose to build the business, hire employees, and ultimately free up their time.
With many franchises to choose from, how do you know which is right for you? Important questions to ask yourself when choosing a franchise are: Does it interest me? Does it offer me the lifestyle I’m after? Does it fit in with my long-term goals? If you are answering yes to these questions, it is certainly worth exploring. (Take our quiz to find out if a franchise is right for you).
It is a common myth that you need prior experience in particular industries or areas of business to run a franchise. Full training is provided by the franchisor so make sure you don’t rule out franchise opportunities based on this.
Once you have established these factors, you will also need to explore the finance side of it. Initial investment and operation costs can vary so this all needs to be taken into consideration before taking the plunge.
Purchasing a franchise is a great way to become your own boss and operate your own business. The risks are significantly less than starting a business from scratch and the value of the resources that accompany a franchise should not be underestimated.
Here at Clear Brew, we are constantly expanding our franchise network. We are currently looking for highly motivated, enthusiastic people who are good communicators, and have a desire to succeed. By choosing Clear Brew, you will become your own boss, running a highly successful franchise within your own protected territory. To see what some of our existing franchisees have to say about their journey with Clear Brew, check out our case studies.
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