Barking Mad Franchise
Founded in 2000, Barking Mad is a multi-award-winning UK pet care franchise specialising in professional home-from-home dog boarding.
Established in 2015 and since it launched its national franchise programme in 2017, Fun Fest has achieved a UK-wide network that consists of over 25 operating units.
£2,999 +VAT
GutterPRO commenced franchising in 2016 and since then has granted over 75 territories to franchisees.
£10,850 +VAT
Pro-Tect Alarms is a security system supplier that has provided advanced solutions for domestic customers for over a decade.
£10,000 +VAT
Progressive Sports works in partnership with schools and communities to encourage children and teenagers to become more physically active.
£9,950 +VAT
Headcase Barbers opened its doors in December 2000 and had around 40 open locations by 2019.
£40,200 +VAT
Kall Kwik was established in 1979, successfully trading for over 40 years, and with around 50 centres is one of the UK market leaders in the provision of print, design and other business services to the B2B sector.
£50,000 +VAT
Kare Plus opened its doors in 1989 and over the last 30 years has been delivering an exceptional service for medical and non-medical care to private individuals’ homes as well as at institutions across the UK.
£40,000 +VAT
The world’s leading indoor adventure park operator, Flip Out originated in Australia in 2012 with the aim of creating a fun experience for parents to share with their children.
£200,000 +VAT
Founded in 2010 as the National Property Group, EweMove was rebranded three years later in 2013 and it has gone from zero to more than 170 active territories and franchised outlets across the UK in just a few years.
£4,995 +VAT
Established in 2010, the Extra Help business became franchised in 2011 and to date has 35 franchises who run the business’ domestic help services with home-help and cleaning.
£8,500 +VAT
The quality of the offering attracts some high-profile brand ambassadors such as David Beckham and others. If you’re ready to grab the chance to make a real difference in people’s lives, find out more here.
£200,000 +VAT
The brand launched in the UK 10 years later and now has over 760 independently owned franchise centres, operating in nine countries worldwide, with 25 established in the UK.
£36,000 +VAT
Pick an East Midlands Franchise
The East Midlands is a region in England. It has a population of approximately 4.8 million people and includes locations such as Northampton, Nottingham, Mansfield, Leicester, Derby and Lincoln.
Were you aware that the turnover generated by franchising in this area comes to almost £2,000,000,000? This is just one of the reasons why you should seriously consider investing in one of the East Midlands franchise opportunities we have on Franchise Fame.
Franchising – a Definition
A franchise is an agreement between two parties – a franchisor and a franchisee.
A franchisor is an established company with a tried and tested business model. A franchisee is usually an independent aspiring entrepreneur.
The franchise agreement entitles the franchisee to market and sell the franchisor’s goods and services while using its brand name. In exchange for this, the franchisee pays the franchisor, while the franchisor is obliged to support the franchisee until the deal expires.
What does this mean for you? Buying into an East Midlands franchise will give you a chance to become financially independent. To learn exactly what advantages you’ll gain, read below…
How You’d Benefit
You’d experience limited risk if you took an East Midlands business opportunity – 90% of franchises become financially viable. This is in stark contrast to the 15% of independent businesses that succeed. But why is the gap so large?
Small and medium-sized enterprises usually fail because the owners don’t have sufficient funding, a sound business model or an effective marketing plan. This isn’t a problem for franchisees. You’d find it much easier to secure financing from a bank, you’d be following proven business processes refined by your franchisor and you’d be given marketing materials. Simply stated, your parent company would give you everything you need to avoid the obstacles often encountered by independent business owners.
It’s also important to realise that if you invested in an East Midlands franchise, your franchisor would be required to provide you with ongoing support. This would encompass, but wouldn’t be limited to, national marketing initiatives, research and development, continuous training and advice and guidance. On top of this, your franchisor would also have to ensure that you’ve got a territory that contains an ample amount of business opportunities. Thus enabling your enterprise to expand at a reasonable rate. In the event your operation grows large enough, you’d have the option to purchase an additional territory and become a multi-unit franchisee.
How would you benefit on a personal level? For one, you’d be your own boss and choose your working hours. Consequently, your work-life balance would be significantly improved. For another, in certain circumstances you’d be able to work from home, allowing you to keep your overheads low. But this would depend on the particular requirements of your franchisor.
Your Responsibilities
Your role will be dependent on the specific East Midlands business opportunity you choose. For example, if you decided to buy into a van-based courier franchise, you’d have to drive throughout your territory delivering packages from your parent company. It goes without saying that this type of franchise would be very hands-on. Conversely, if you bought into a home care franchise, you wouldn’t be expected to perform elderly care services yourself. You’d employ a care manager to manage your team of carers, while you managed your business, and marketed it. Rest assured that any franchisor will be able to clearly define your role for you before you make a commitment.
Your other obligations while running an East Midlands franchise may include finding and leasing a suitable property, hiring and then training employees, maintaining quality control and so on.
A Breakdown of Possible Expenses
All franchise opportunities in the East Midlands are available at different prices – there’s no set cost for a franchise. Prices can vary based on factors such as location, property expenses, staff wages, insurance requirements, equipment needs and that’s not all. So, what should you be aware of?
There are three different costs you need to take into account during your research into an East Midlands franchise. The package fee, the startup costs and the ongoing charges.
The package fee is essentially the price of the agreement itself. Once you’ve paid anywhere between £2,500 and £50,000, you’ll receive a licene to use your parent company’s branding, get ongoing support, training, access to bespoke systems and more.
The startup costs will indicate how much capital it will take for your new business to get up and running. The size of this figure will depend on the requirements of your parent company. For instance, if you’re going to be managing a restaurant franchise, you’ll need a suitably sized property that can house your guests and chefs. This could cost over £100,000. Meanwhile, if you were to act as an online travel agent, it’s possible that you could be home based and run your operation with just a personal computer and phone. In this case, you wouldn’t have to pay much more than the package fee to begin with.
The ongoing charges usually require monthly payments and are normally for royalties, operational support or brand-wide marketing funding. You’ll pay a set percentage of your net turnover – it’s unlikely to be more than 10%.
What if you can’t afford the costs associated with an East Midlands franchise? You’ll simply need to ask for a loan. Most major financial institutions have departments dedicated to offering loans to prospective franchisees. Write a business plan including a description of the franchise opportunity as well as a forecast of your future financial performance. Your request will be approved, subject to status.
You’ll Complete an in-depth Training Programme
While you’re researching East Midlands franchise opportunities, you’ll see that all franchisors give their franchisees at least some level of training. You’ll take part in a training course not long after you sign your agreement. The instructional period will be intensive and could be completed in just a few days. However, there are some franchisors who could insist on a much longer training programme that consists of not only classroom-based teaching but on-the-job learning, too.
During your training, you’ll learn how to identify and take business opportunities in your territory. Plus, you’ll be told how to market your East Midlands franchise effectively so you attract new customers and you’ll be taught how to handle all of your other responsibilities. Nothing will be left to chance.
Find Out More Today
If you’ve found a business opportunity in the East Midlands that suits your skillset, you should register your interest with the franchisor. You can send an enquiry through Franchise Fame! Remember, this is absolutely free and you won’t be under any obligation to proceed further. In response to your enquiry, the franchisor will send you a prospectus containing more details about the opportunity.
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