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Buy a Franchise

Owning a franchise undeniably has plenty of benefits; from being your own boss to being able to work towards a growing income. And with so many franchise opportunities on the market today it seems that there has never been a better time to consider becoming a franchisee. Here we take a look at exactly why this option is such a popular choice when starting a business and how you can take the first steps if you want to buy a franchise.

Why now may be a better time than ever to buy a franchise

Becoming a franchisee owner has never looked like such a tempting proposition. Over the last 5 years alone there has been a 20% growth within the franchise sector, and is a sector with over 250,000 employees within the UK. These figures become all the more staggering when you realise that the economy, during the past 5 years, has actually shrunk by 2.5%. So how is it that this industry has far outstripped all market trends and been one of the very few sectors that has not only weathered the financial storm, but actually flourished?  

Notably, this situation can actually be explained by the financial crisis itself. With a large number of employees finding themselves made redundant, many opted for initiative over job application after job application and there is no motivation for getting up in the morning and making a business work other than owning it yourself. And with the economy picking up the future can only look brighter for each and every franchisee up and down the country.

Tips for getting started when looking to buy a franchise

Finding an industry in which to buy a franchise

The first stage when looking to buy a franchise is to explore each and every industry that you may be interested in, be it beauty or agricultural. Given the huge number of franchise opportunities you will find that practically every form of business offers a franchise in one form or another.

Whittling down your list of franchise opportunities

From here you should then narrow down your search by considering the following key points in relation to franchise packages found within each industry:

  • What potential is there for ongoing growth?
  • What initial outlay does the franchise package entail and what do you get in return for this?
  • Do you have a genuine passion for this industry and business type?

Now to assess the companies

You should now have a manageable list of franchise packages from various companies that you want to find out more about, so it is now time to assess the actual franchise providers.

The starting point is to explore the VanFranchise website and search, either by business type, category of business or perhaps by investment level.  Very often the most useful resource for weighing up a franchise provider is by speaking to them in person, so you should feel comfortable in calling a company to make initial enquiries and get a feel for who you may be going into business with.

Case study of a growing franchise industry: Van Franchises

The van franchise industry is one of the most varied and potentially lucrative forms of franchises that there are; from van conversions to van sign writing and everything in between. This sector is then the perfect example of just how many business opportunities there are when it comes to the world of franchises and demonstrates just how much research you may have to undertake in tracking down a business that will become your future.

Van Franchise are dedicated to bringing all of the latest news, business opportunities and resources on owning a franchise for those who may be looking to buy a franchise. If you’re unsure as to whether becoming a franchisee is for you then they can provide all the information necessary for your franchise journey.

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