The true cost of a franchise
A very commonly asked questions asked within business tends to be, can franchising be cheap? While there are some seemingly cheap franchise opportunities available, you should be careful when considering such an investment. Low initial and renewal costs are often a reflection of the services and support you can expect to receive, which are essential when starting a new franchise in any market sector. The number of franchises in the UK have increased in the last two years, increasing 14% in that time period. With an annual turnover rising, more than half of all franchisee- operated businesses now claim to be turning over in excess of £250,000 a year.
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