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Does anyone here run a franchise?

Discussion in 'Franchising and Regional Business Issues' started by Emma, Jul 30, 2008.

  1.  
    Emma

    Emma Admin

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    If so, we'd love to hear your tale. Was it easy to get going? Expensive? Any disasters along the way?

    Does anyone own a franchise? As above! :)
     
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    Mat

    Mat Trainee Lab Tech

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    I'm also interested in hearing from franchisees about their experiences. I've always thought that if I were to venture outside my industry, I'd look to a franchise.
     
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    Emma

    Emma Admin

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    Thanks Matt. All I hear about is people not succeeding with franchises It's a shame. :(
     
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    yourlocaltrades

    yourlocaltrades Graduate

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    Alot are successful, but i think people are very quick to mention when it has gone in the other direction!

    You couldn't fail with a franchise such as subway-could you?
     
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    Dragon-Media-Group

    Dragon-Media-Group Freshman

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    My understanding is that the point of a franchise is to offer instant recognition, Costa, Dominos Pizza etc with tried and tested business practices that work and a simple supply chain.
    I can never work out why people buy into 'small' franchises - for example what made you pay money for a mobile dog grooming franchise rather than just start up yourself?
     
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    promostamper

    promostamper Freshman

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    have just started a franchise - self inking stamps but it is not like any franchise i know as i am able to use my own domain name and my own branding hence i bought promostamper. Not sure how it will go now that the markets are down but i liked the fact that the machine can do pictures - black and white of course - on the stamps useful for photography and crafters. the website i also created myself - i just have to buy the material from the franchisers
     
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    Dragon-Media-Group

    Dragon-Media-Group Freshman

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    If you have not bought a business system and licensed a brand that isn't a franchise surely?
    That sounds to me like a regular customer and supplier relationship?
    What kind of market are you aiming for?
     
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    promostamper

    promostamper Freshman

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    my target market is smes and crafters
     
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    essex_courier

    essex_courier Graduate

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    The franchise way for your existing business

    i'm hoping to franchise my biz before too long

    I can recommend a great guy who does this, if you are looking at franchising your own business out.

    Send me a PM or email - Sarah@arrowlighthaulage.co.uk and I will send you the details

    Sarah
     
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    Emma

    Emma Admin

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    Would this be a first? How many franchises are there in the security industry?
     
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    adam

    adam Applicant

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    Maybe I will franchise my ideas. Who knows. There are far too many dodgy franchise scams in vending. My general advice is to stay away from a vending franchies unless you are 100% sure.
     
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    SmilePrint

    SmilePrint Applicant

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    Hi,

    I'm quite new here, very new, but I have some background in franchising.

    I'm in the process of franchising part of my new business and am working hard to ensure I don't become a franchisor in the mould of the franchise I was previously involved with.

    In hindsight I can see they were (and still are!) interested in selling franchises. Nothing wrong there, until you realise that they have not implemented any development in over 3 years, until you realise their development process was spearheaded by me the franchisee, until you relaise their corporate video was produced not by them but by me also. etc etc etc.

    Be wary of the wolf dressed as a sheep!

    Be sure if you're buying a franchise there is a model to run, not just a model to copy and if you float you float, and if you sink you sink. A model that is duplicatable without special skills (Eg sales, telesales) A marketing model that can be switched on at will, and where the marketing system does the work, not your ability to do it personally.

    Sorry but thats meandering a little.

    I'm currently ensuring that before we go live there is a marketing model that puts out standard results for standard inputs, so that( even dummies) who pay the fee, actually buy a SYSTEM to earn money, not a JOB.

    Note the difference when you consider your next "franchise opportunity"
     
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    ping

    ping Senior Lab Tech

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    yellowtom

    I know a guy who has launched yellowtom in Northern Ireland. It's hard work, but a great concept for advertising small businesses.
     
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    Mat

    Mat Trainee Lab Tech

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    That's what I've always thought, but I guess it's all down to the area you operate in and the competition you're up against.
     
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    LisaTalkingTots

    LisaTalkingTots Applicant

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    Hello ... I'm Lisa and I'm a franchisor! We franchised our business Talking Tots in September 2007 and we currently have 23 franchises throughout the UK.
    Regards,
    Lisa.
     
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    FranchiseShop

    FranchiseShop Applicant

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    I run a franchise directory....

    Hi Lisa and Sarah! (thanks for the plug Sarah :))

    I run a franchise directory promoting franchises for sale and although I had no experience in this industry up until 3 years ago, I have been absorbed by it ever since.. The scams, the great opportunities, the ups the downs... Watching small franchisors grow from 2 pilot franchises to 20-60 working and profitable franchisees is just fantastic.

    It is an amazing industry; so much so that we recently launched in Australia with our first franchisee and are launching in the USA in 4 weeks too, so for us it is not only great to work in but profitable also as you would hope with any business of course..

    What I am not however is a franchisee, it would be great to get more people who run franchised businesses on here to talk about their good experiences. A quick search of UK business forums can bring up many of the bad experiences but so little gets documented of the majority which are happily running a profitable franchise of their own
     
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    ctsutton

    ctsutton Applicant

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    Hi all,

    I bought the Community Times Franchise for the area of Sutton,Surrey and even though it was a rocky start and alot of regret at the early stages, I've been working extremely hard to turn it around. Maybe I was naive in thinking as a franchise, it will be a smooth and easy ride to starting up but like any business, it is difficult to get established. We are now coming up to an first anniversary and with loads of help from Business link, building my own self-esteem and confidence and lots of networking events to get our business name out there to the Sutton and other nearby communities, things are starting to look alot better now. Head office provide support when needed but pretty much keep themselves to themselves if you don't contact them. It was dis-heartening at the time when it was the most sensitive for me personally, to see so many other Community Times Franchisees selling their own franchise on, or just simply giving it back after just after 1 or 2 editions. If anyone would like to know more about Community Times franchising, please do get in touch. The best information is from those already running it.
     
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    Claire at Music Bugs

    Claire at Music Bugs Applicant

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    PI Guy, hello! I know you from other forums :) I think that franchising your company would be a great idea - let us know how it goes. I always fancied myself as a sleuth (I love Mme Ramotwe from No 1 Ladies Detective Agency) but would struggle to keep a straight face - would totally give the game away :)

    How far are you down the route of franchising?
     
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    matt.chatterley

    matt.chatterley Web & Software Developer Premium Member

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    I'm involved in setting up a small local one (not related to _my_ business - helping out someone in the family) - to do with kids parties. Not much info available at the moment, but will report back as to how it goes!
     
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    fundingportal

    fundingportal Freshman

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    A number of my customers are involved in major brand fast-food franchises and are very successful; however they do operate multiple outlets and work extremely hard!

    One upside is that they are easier to value and sell than own-brand outlets.

    On another matter, we are looking to either franchise or sell agencies in our business. Can anyone tell me what the legal differentiators are?
     

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