Why buying a franchise is a good option for entrepreneurs who want to start a business.
You know the feeling. You’re full of Christmas dinner, you finally have some time off after the weeks of rushing around getting organised, and racing to turn the out of office on. As you snooze on the sofa, your thoughts turn to goals for the New Year, and resolutions.
What can you do to make this year better than the last? What goals do you have that you would like to fulfil in life?
Many people realise around this time of year that they are no longer satisfied with being an employee. The idea of working for themselves, or starting a business seems less like a dream and more like a logical next step.
In fact the statistics bear this out. 1 in 5 people look for a new job or challenge in the New Year, and a staggering 22,000 people per month search google for “how to start a business” in the UK.
There were 665,495 start ups founded in 2019/2020. That’s more than one a minute!
So are you one of the people considering leaving your job for something better?
Here is why franchising is worth considering:
57.6% of companies that started up in 2013 were gone 5 years later. That’s a sobering failure rate. For franchised businesses however, it’s a different story. Figures from the British Franchise Association show that 93% of franchised units are profitable. And we all like success.
With franchising, you are given a proven business model, a manual and training so that you can run the brand as part of a family and so that you have the best chance of success. Compared to starting your own business when it’s all on you, it’s an attractive proposition.
Raising start-up funds is often easier. With a franchised business you have a model and business plan that is shown to work, therefore lenders may see it as lower risk than a completely new business.
Convinced? Franchised business are available in the food and drink industries, children’s parties, interior design, retail, homecare, cleaning and even waterless carwash!
Endless possibilities. Take a look at the franchises we currently have available.
Want to chat? Get in touch!