Invest in a Franchise

How to get into Franchising

You’ve set your heart on going into business for yourself. So, you could simply go it alone. But sadly, a high proportion of new small businesses fail. For the right person buying into a franchise can be a safer alternative.

You’re buying into an existing brand’s success story

If someone is already running a strong business that can be replicated by others, then they can become a franchisor. This means they allow others to start new businesses by operating under their brand and benefiting from collective reputation and recognition together with all training, tools, equipment, systems and processes.

All BFA members are committed to industry standards and ethics

All BFA members have undergone a substantial accreditation process review to achieve their membership. With this in mind, you can expect honesty and transparency throughout your exploration process and when in business with them.

Is being a franchisee right for you?

You do not need to know how to run a business to become a franchisee. One of the main benefits of being a franchisee is that the franchisor will complete training and provide you with the tools to hit the ground running. You can expect to receive support from them throughout your entire franchising journey. You are in business for yourself but not by yourself!

Do you have the passion?

Always remember that with a franchise you’re buying a business opportunity, not a job. Even as a supported franchisee, your success will still demand determination, tenacity and dedication. Being the boss of your new business will be hard work. So be sure you choose a sector you have a real love for!

The Franchisee Journey

1

Complete the BFA free online Prospect Franchisee Certificate or Join the ‘Invest in a Franchise’ Seminar

2

Assess your own position

3

Do you have the money to invest?

4

Learn about franchising

5

Research the industry you are looking at

6

Evaluate the individual franchise opportunity

7

Question the franchisor

8

Talk to existing franchisees

9

Take good financial advice

10

Identify a specialist franchise lawyer

Decide

Congratulations!

All that research will give you every chance of success. Now commit to buying into your chosen franchise.

Look for another franchise?

Same industry?

So franchising isn’t for you.

That’s ok – its better to find out now.

Questions to ask your Franchisor

Want to Learn More?

Then our introductory course and webinar for potential franchisees ‘Invest in a Franchise’ is perfect for you.