Looking for an opportunity to set up your shop with the benefit of a well-known brand? Retail franchises can provide the perfect starting point for franchisees looking to capitalise on the experience of an established retail enterprise.
When you buy a retail franchise, you take on full responsibility for the shop or shops that you have purchased – you are the shop owner and shopkeeper. What the retail franchise arrangement offers you is a tried and tested business model, the benefit of past retail experience from an established multi-store business and purchasing discounts on a range of products, which would not ordinarily be available to small business owners. You also get the benefit of any national advertising that the franchise brand invests in.
Although a lot of retail franchises require you to have an actual physical retail premises, you don’t always need to have a high street premises to become a franchisee. Some online retailers now operate franchise arrangements, giving you the ability to promote and sell your goods on a platform where the web development and warehousing costs are centralised and shared across a series of franchisees. Mobile retailing opportunities are also available to franchisees, and some retail franchises follow the seasonal ‘pop up shop’ model, opening for a number of months in certain times of the year to capitalise on peak demand seasons before mothballing again for quieter months.