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21st July, 2024-
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7 minutes to read
Franchise Disclosure Document – All 23 Items Explained
Prospective franchisees interested in investing in a franchise are encouraged to do their due diligence before signing on the dotted line or paying the franchise fee. And one of the best starting points is by reading the specific franchisor’s franchise disclosure document (FDD). Suppose the concept is new to you and you are wondering what … Continued
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28th April, 2024-
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8 minutes to read
Spotting Red Flags in a Franchise Disclosure Document (FDD)
If you’re considering franchising and you’ve taken the time to pinpoint your ideal franchise opportunity, receiving the franchise disclosure document (FDD) is the next step in your journey. This is a legally mandated document (although it does not impose legal obligations) that every prospective franchisee must receive before signing the franchise agreement. While it may … Continued
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30th March, 2024-
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5 minutes to read
Understanding the Role of a Franchise Consultant vs. Franchise Broker
Choosing the route to franchise ownership can be both an exciting and challenging experience for many aspiring business owners. If you are someone who has just embarked on the process of understanding the industry better, you will quickly learn that there are many different terms used in the industry, which may be confusing. Two of … Continued
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23rd January, 2024-
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6 minutes to read
Navigating Franchisor Financials: What Every Prospective Franchisee Must Know About Item 21
Every prospective franchisee who expresses interest in a franchise opportunity should be given access to the Franchise Disclosure Document (FDD) within a certain period of time before signing an agreement to join the franchise network. Whether you’re financially savvy or not, one of the most important items in the FDD is item 21. If this … Continued
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5th January, 2024-
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4 minutes to read
Do You Need a Broker to Buy a Franchise Business?
Prospective franchise owners who are on the market to purchase a franchise opportunity have several options to choose from. They can either explore franchise opportunities available on the web on their own or they can consult with a franchise broker to help them navigate the complex field of franchising. If you find yourself in such … Continued
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19th December, 2023-
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7 minutes to read
Chain vs. Franchise: What Are the Main Differences?
The world of business ownership is varied and diverse. There are sole proprietors and partnerships, limited liability corporations, and more, meaning that aspiring entrepreneurs have a lot of options to choose from. One question that is often asked in this sphere is: “what is the difference between a franchise and a chain?”. They both have … Continued
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27th October, 2023-
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7 minutes to read
How to Start a Pet Franchise in the UK
The global pet industry is booming with pets being considered a part of the family. Whether a cat, dog, lizard, bird or anything else, it’s undeniable that pets bring joy to our lives. If you are a savvy and entrepreneurial-minded individual, you may be looking for business opportunities in the pet franchises industry. You’d be … Continued
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27th September, 2023-
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6 minutes to read
How to start a gardening business in the UK
If you have green fingers and a penchant for gardening, you may have considered starting a gardening business. This is a good plan because the industry is growing at a rate of 2.8% per year, while revenue has reached £4.5 billion. What’s more is that the industry employs more than 65,000 people in approximately 17,000 … Continued
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30th August, 2023-
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7 minutes to read
How to Start a Plumbing Business in the UK
Gone are the days when plumbers were considered a stereotyped profession. Today, plumbers come from all walks of life and are of a variety of different ages and backgrounds, meaning that the industry is becoming more diverse. However, that’s not to say that there are enough plumbers in the UK. According to the Institute of … Continued
