The Razzamataz Theatre Schools franchise model has proven its worth through its success over the past 12 years. If you’d like to become a franchisee in this network, you’ll be able to enjoy enormous benefits not least of which is ongoing regular support from their head office and the Regional Support Team. Through a “Discovery Den” information session, which is held via zoom or in person, you will be able to find out more about this opportunity. There, you can ask questions and meet some of the team as well as current franchisees to get a real feel of the brand.
But that’s not all. By signing up for this opportunity, you’ll be able to take advantage of a comprehensive franchise package that guarantees you online support, an exclusive large territory and marketing materials. In addition to this, there is also a business management system, a page on the main website, a corporate email address and access to the Razsources library. You will also have a full launch planner and submission support along with merchandise and the extra benefit of earning from additional revenue streams.
Who Are They Looking For?
If you are based anywhere in key regions in Scotland, England, Wales and Ireland and you have a passion for performing arts, enthusiasm, energy and the desire to build a successful Razzamataz Theatre school in your area, you make for the perfect franchisee.
The Cost
If all this has caught your attention and interest, you will be wondering what the costs are. To put your mind at ease, we present you with the working capital requirements that you’ll need to have access to. For starters, the franchise fee is £9,995 plus VAT. You will also need a marketing launch budget of £4,000 plus VAT. Your working capital, which will cover business costs such as insurance, wages, travel, telephone expenses and others, will be £5,000 plus VAT. There is a 10% monthly management fee and a 2% monthly marketing levy.
Funding
If you are interested in this opportunity but are unsure of how you may fund it, you can always reach out to the government through its startup loan programme. Alternatively, you can get in touch with some lenders such as banks, which are much more likely to look upon this franchise business opportunity more favourably than a startup because franchise business models tend to succeed at a much greater rate. Remember that if you approach a lender, you will most likely be able to get up to 70% of the capital you require, and this will be dependent on the business plan you present, your status as well as income levels.
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