What is the Franchise Agreement?

What is the Franchise Agreement?

Categorised in: Ask Nigel    Posted: January 15, 2016

A successful franchise system depends on the franchisor and the franchisee working together as one, with a common objective of business success. The only way to establish such ‘mutuality’ is to base it – from the beginning – on the clear knowledge and understanding of each party’s specific responsibilities. This is the Franchise Agreement. The […]

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F’ is for FRANCHISING

F’ is for FRANCHISING

Categorised in: Ask Nigel    Posted: January 2, 2016

There is a huge latent demand in the UK for people looking to run their own businesses. However, research has shown that setting up your own business from scratch can be a high risk strategy. The bfa NatWest annual survey regularly shows that 4 in 5 new start-ups fail in the first two years whilst […]

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FRANCHISE vs START-UP

Categorised in: Ask Nigel    Posted: January 1, 2016

A question often asked is “Why would I take a franchise and pay firstly a ‘joining fee’ and then a monthly royalty to do something I could do myself?” The answer – because the chances are if you start up yourself you are likely to fail whereas if you buy into a recognised franchise you […]

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