Franchising is an option to expand your business rapidly.
There are a number of ways to expand your business including:
- Joint ventures
- Management introduction
Franchising is a fantastic way of expanding but not all businesses are franchisable.
If the following criteria exist your business may be able to franchise:
- Can be replicated, i.e. it does not depend on loyalty of local customers or the staff involved, but on the product or service
- Has a customer base that exists throughout the UK
- Is successful in it’s own right and can illustrate to potential franchisees that a return on investment can be achieved
The Tree team have experience in a number of successful franchises including, managing the Boots Opticians franchise, training a number of Thresher franchisees, developing a successful recruitment franchise along with advising a number of decision makers on franchising possibilities.
If you think your business is franchisable or want advise on a franchise opportunity contact us.