Buying a franchise? Do your homework

Buying a franchise? Do your homework Buying a franchise represents what can be the most complicated and important decision's of your life. It is vital that you get the correct advice and guidance before you 'take the plunge' However, with approximately 34,000 operating franchisees turning over £9.65 Billion in 2003 and almost 97% of franchisees being in profit after five years compared to 45% of other independent business, buying a franchise business in the UK still presents a fantastic opportunity to succeed in business. (Source: British Franchise Association). Some areas to consider when buying include: How much does the franchise cost? There are two areas here, initial set-up costs and ongoing costs. Initial costs will be the initial franchise fee and any additio View the rest of this article