One of the key aspects we believe of becoming a franchisor is to be able to dedicate your time and energy into your new role, building the franchise offering, not your current business.
If you follow our main criteria, this will give you a good understanding from the start what is needed when considering franchising.
Our criteria for franchising your business is:
- Your business needs to be successful and running for a measurable period; this will act as a pilot operation which is your “prove it” to potential franchisees, so that they can see that they will make a good living by buying your business model
- you need to be able to make yourself redundant from your job; this will give you enough time to concentrate on building your new business; this will show any incoming franchisee that you have the time and are serious in helping them grow their businesses. It also shows that the model is not reliant on the franchisor.
- Your business needs to be easy to replicate;
this is so that any prospective franchisees, whatever their current profession can be taught the mechanics of the business model, this will also enhance your chances of the franchisees sticking to it.
Call us today on 01522 246812 to find out more