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Franchise Guide : Buy a Franchise
A Franchise Definition: A franchise, whether it's a coffee franchise, cleaning franchise, home care franchise or a franchise food outlet, is a method that allows an existing individual or new business to buy into an established business operating system, brand name and advice network.
Why Buy a Franchise: Franchise Opportunities allow franchisees to own and run their own new business, but the franchisee opens with a market reputation and franchise information already in place. With a franchise opportunity, you get a system that someone else has proved will work, so your chances of success are enhanced. Customers are more likely to trust a new business when it is a branded business franchise, as they know that the franchisee is working to a regulated franchise definition and the service will be consistent.
The Basics of How a Franchise Works: Franchises exist between two parties: Franchisee and Franchisor. A Franchisee is an individual or company, trading independently, who pays a franchise fee for the right to operate under the banner of a business franchise. The Franchisor collects this fee from franchisees and, in return, provides a combination of franchise information, franchise guidance, franchise discounts and franchise support in an effort to help the new business franchise partners to increase their trade and improve their turnover.
An Example of How a Franchise Works: If you buy in to a coffee franchise opportunity for instance, you will take responsibility for the premises, the product and the profits. The business franchise that you are working with will take a franchise fee, usually a percentage of the turnover, and will provide you with the benefits of their franchise information. This could be advice on the shop layout of your coffee franchise, discounted franchise food to sell with your coffee, franchise advertising discounts and staff training days to help give your new business all the help it needs to succeed. After the franchise fee, you keep all the profits that your franchise opportunity generates.
Buy a Franchise: Our business franchise database is full of franchise opportunities currently available in your local area. Type your needs into the franchise definition fields and our system will draw up an individual list of franchise opportunities to suit you.
Daltons are proud to be an affiliate member of the British Franchise Association
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