General Business and Finance Blog

10. Boston Red Sox

The Boston Red Sox are a professional baseball team based in Boston, Massachusetts, and a member of the Major League Baseball’s American League Eastern Division. Founded in 1901 as one of the American League’s eight charter franchises, the Red Sox’s home ballpark has been Fenway Park since 1912. The “Red Sox” name was chosen by the team owner, John I. Taylor, around 1908, following previous Boston teams that had been known as the “Red Stockings”.  Boston was a dominant team in the new league, defeating the Pittsburgh Pirates in the first World Series in 1903 and winning four more championships by 1918.

However, they then went into one of the longest championship droughts in baseball history, called by some the “Curse of the Bambino” after its alleged beginning with the Red Sox’s sale of Babe Ruth to the rival Yankees in 1918, an 86-year wait before the team’s sixth World Championship in 2004. However, the team’s history during that period was hardly one of futility, but was rather punctuated with some of the most memorable moments in World Series history, including Enos Slaughter’s “mad dash” in 1946, the “Impossible Dream” of 1967, Carlton Fisk’s home run in 1975, and Bill Buckner’s error in 1986. Red Sox history has also been marked by the team’s intense rivalry with the New York Yankees, arguably the fiercest and most historic in North American professional sports. Since 2003, the Red Sox have been perennial playoff contenders and have won two World Series, emerging as one of the most successful MLB teams of the last decade. -Wikipedia.org

9. Boston Celtics

The Boston Celtics are a National Basketball Association (NBA) team based in Boston, MA. They play in the Atlantic Division of the Eastern Conference. Founded in 1946, the team is currently owned by Boston Basketball Partners LLC. The Celtics play their home games at the TD Garden, which they share with the Boston Blazers (NLL), and the Boston Bruins of the NHL. The Celtics’ 17 NBA Championships are the most for any NBA franchise[1]. From 1957 to 1969, the Celtics dominated the league winning 11 championships in 13 years, and eight in a row (1959–1966), the longest consecutive championship streak of any North American pro sports team.  

The Celtics have dominated the league during the late 50’s and through the mid 80’s, with the help of many Hall of Famers which include Bill Russell, Bob Cousy, John Havlicek, Larry Bird and legendary Celtics coach Red Auerbach, combined for a 795-397 record that helped the Celtics win 16 Championships. During that span the Celtics met the Lakers 12 times in the Finals during the mid 1950′s and 80′s with the Celtics winning nine and Lakers winning three. Before the retirement of the “Big 3” (Larry Bird, Robert Parish and Kevin McHale), and thanks to some creative maneuvering by Auerbach, the Celtics had drafted second overall pick Len Bias but the team fell into decline as the college star died the day after he was drafted. Later, the team suffered another tragedy when their star player Reggie Lewis died of a heart attack in his prime. -Wikipedia.org

8. New England Patriots

The New England Patriots, commonly called the “Pats”, are a professional football team based in the Greater Boston area, playing their home games in the town of Foxborough, Massachusetts at Gillette Stadium. The team is part of the East Division of the American Football Conference (AFC) in the National Football League (NFL). The team changed its name from the original Boston Patriots after relocating to Foxborough in 1971, although Foxborough is a suburb of Boston, 22 miles (35 km) away.  

An original member of the American Football League (AFL), the Patriots joined the NFL in the 1970 merger of those leagues. The team advanced to the playoffs four times before appearing in Super Bowl XX in January 1986, losing to the Chicago Bears. The team also appeared in Super Bowl XXXI in January 1997, losing to the Green Bay Packers. -Wikipedia.org

7. Pittsburgh Steelers

The Pittsburgh Steelers are a professional American football team based in Pittsburgh, Pennsylvania. The team currently belongs to the North Division of the American Football Conference (AFC) in the National Football League (NFL). Founded in 1933, the Steelers are the oldest franchise in the AFC. Pittsburgh has won more Super Bowl titles (six), won more AFC Championship Games (seven) and hosted more conference championship games (ten) than any other AFC or NFC team.

They have played in more AFC conference championship games than any other team and are tied with the Dallas Cowboys with 14 championship game appearances in either the NFC or AFC contests. The Steelers won their most recent championship, Super Bowl XLIII, on February 1, 2009.  The fifth-oldest franchise in the NFL, the Steelers were founded as the Pittsburgh Pirates on July 8, 1933, by Art Rooney, taking its original name from the National League baseball team of the same name, as was common practice for NFL teams to do at the time. The ownership of the Steelers has remained within the Rooney family since its founding. The current owner is Art’s son, Dan Rooney, who has given much control of the franchise to his son Art Rooney II. -Wikipedia.org

6. Green Bay Packers

The Green Bay Packers are an American football team based in Green Bay, Wisconsin. They are members of the North Division of the National Football Conference (NFC) in the National Football League (NFL) and are the third-oldest franchise in the NFL.  The Packers are the last vestige of “small town teams” that were once common in the NFL during the 1920s and 1930s. Founded in 1919 by Earl “Curly” Lambeau (hence the name Lambeau Field on which the team plays) and George Whitney Calhoun, the Green Bay Packers can trace their lineage to other semi-professional teams in Green Bay dating back to 1896.

In 1919 and 1920 the Packers competed as a semi-professional football team against clubs from around Wisconsin and the Midwest. They joined the American Professional Football Association (APFA) in 1921, the forerunner to what is known today as the National Football League (NFL). The Packers are the only non-profit, community-owned major league professional sports team in the United States. -Wikipedia.org

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5. Montreal Canadiens

The Montreal Canadiens (French: Les Canadiens de Montréal) are a professional ice hockey team based in Montreal, Quebec, Canada. They are members of the Northeast Division of the Eastern Conference of the National Hockey League (NHL). The club is officially known as le Club de hockey Canadien. French nicknames for the team include Les Canadiens (or Le Canadien), Le Bleu-Blanc-et-Rouge, La Sainte-Flanelle, Le Tricolore, Les Glorieux (or Nos Glorieux), Les Habitants, Le CH and Le Grand Club. In English, the team’s main nickname is the Habs, an abbreviation of “Les Habitants”. (Note: Even in English, the French spelling, Canadiens, is always used.)

Founded in 1909, the Canadiens are the longest continuously operating professional ice hockey team and the only existing NHL club to predate the founding of the NHL, as well as one of the oldest North American sports franchises. The franchise is one of the “Original Six” teams, a description used for teams that were part of the NHL from 1942 until the 1967 expansion. The Canadiens are the sole team of the four major sports leagues of Canada and the United States that is based in the province of Quebec. The team’s championship season in 1992–93 marks the last time a Canadian team won the Stanley Cup. -Wikipedia.org

4. Los Angeles Lakers

The Los Angeles Lakers are a National Basketball Association (NBA) team based in Los Angeles, California. The Lakers play their home games at Staples Center, which they share with their local NBA rival, the Los Angeles Clippers, the Los Angeles Kings of the NHL, and the Los Angeles Sparks of the WNBA.[1] The Lakers are the reigning NBA champions after defeating the Boston Celtics in the 2010 NBA Finals 4–3.

The Finals victory gave the franchise their 16th championship, placing them second in NBA history behind the Celtics’ 17. As of 2010, the Lakers are the most valuable NBA franchise according to Forbes, with an estimated value of 7 million. The franchise started with the 1947 purchase of a disbanded team, the Detroit Gems of the NBL. The new team began play in Minneapolis, Minnesota, calling themselves the Lakers in honor of the state’s nickname, “Land of 10,000 Lakes”.

The Lakers won five championships in Minneapolis, propelled by center George Mikan, who is described by the NBA’s official website as the league’s “first superstar”. After struggling financially in the late 1950s following Mikan’s retirement, they relocated to Los Angeles before the 1960–61 season. -Wikipedia.org

3. Dallas Cowboys

The Dallas Cowboys are an American football team that plays in the Eastern Division of the National Football Conference (NFC) in the National Football League (NFL). They are headquartered in Valley Ranch in Irving, Texas, a suburb of Dallas. The team plays its home games at Cowboys Stadium in Arlington, Texas, a suburb of Fort Worth which finished construction in time for the 2009 season. The Cowboys joined the NFL as a 1960 expansion team. The team’s national following might best be represented by its NFL record of consecutive home sell-outs.

The Cowboys’ streak of 160 sold-out regular and post-season games began in 1990, and included 79 straight sellouts at their former home, Texas Stadium, and 81 straight sell-outs on the road. The franchise holds the record for most Super Bowl appearances (8), corresponding to most NFC championships (8). The Cowboys are the only NFL team to record 20 consecutive winning seasons (1966–1985), in which they only missed the playoffs twice (1974 and 1984), an NFL record that remains unbroken and unchallenged. It remains one of the longest winning streaks in all of professional sports. As of the 2009 season, the Cowboys have the highest winning percentage of any active NFL franchise (.580). -Wikipedia.org

2. Manchester United Football Club

Manchester United Football Club is an English professional football club, based in Old Trafford, Greater Manchester, that plays in the Premier League. Founded as Newton Heath LYR Football Club in 1878, the club changed its name to Manchester United in 1902 and moved to Old Trafford in 1910.  

In 1968, under the management of Matt Busby, Manchester United was the first English football club to win the European Cup, ten years after the Munich air disaster that claimed the lives of eight players. The current manager, Alex Ferguson, is the most successful manager in the club’s history, having won 26 major honours since he took over in November 1986. -Wikipedia.org

1. New York Yankees

The New York Yankees are a professional baseball team based in the borough of the Bronx, in New York City, New York. They belong to Major League Baseball’s American League East Division. One of the American League’s eight charter franchises, the club was founded in Baltimore, Maryland in 1901 as the Baltimore Orioles and moved to New York City in 1903, becoming known as the New York Highlanders before being officially renamed the “Yankees” in 1913. From 1923 to 2008, the Yankees’ home ballpark was Yankee Stadium, one of the world’s most famous sports venues. In 2009, they moved into a new stadium, also called “Yankee Stadium”.

As of 2010, the franchise, which most recently won the World Series in 2009, led the league in both revenue and titles, with 27 World Series championships and 40 American League pennants. It has more championships than any other franchise in North American professional sports history, exceeding the 24 Stanley Cups won by the Montreal Canadiens. Throughout its existence, the team has had some of the most celebrated players in Major League history, including Babe Ruth, Lou Gehrig, Joe DiMaggio, Mickey Mantle, and Yogi Berra. Forty-four Yankees have been inducted into the Baseball Hall of Fame, and the team has retired the numbers of 16 players. -Wikipedia.org

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Among the many different stores and companies that potential franchise owners have at their disposal to choose from, one route that is very frequently called upon is the fast food restaurant franchise opportunity. There are all sorts of good and bad sides to owning any franchise, but it seems as though the example of a fast food restaurant exaggerates those two sides. Nevertheless, if you have ever wanted to know more about owning a fast food franchise then here are some good and genuine guidelines to follow, but on the other hand each individual has to do what he or she wants and desires in the end.

Owning a McDonald’s or Burger King

Even though you thought that you might never see the two fast food giant’s names in a line only separated by a small two-letter word, McDonald’s and their rival Burger King are actually two of the most popular fast food franchise opportunities in the world today. There are so many great things about these two companies, but on the flip side there are also some things that many people would rather leave alone when considering opening a franchise. For starters, these two companies already do have a large-sized customer base so franchise owners will not need to worry about attracting a loyal customer base.

On the other hand, though, there are so many fast food restaurant franchises, such as McDonald’s, that are starting to get a bad reputation because of the horrible service that is received. Along with opening up a franchise also comes expectations and reputations, so opening up a franchise that already has a bad reputation may not be the best thing to do. In addition, plenty of fast food restaurants (not just McDonald’s) are starting to receive bad customer ratings because of the service and messed-up orders that are continually thrown out the window!

The Good about your Franchise

Of course there are plenty of good things as well about owning a fast food restaurant franchise. Perhaps the best thing that people love about owning a McDonald’s or a Burger King or even a Wendy’s Hamburger joint, though, is the fact that they’ll be able to receive generous profits probably within the first year as well! Considering the fact that many McDonald’s franchise owners actually make a profit of more than one million dollars each year just shows how profitable fast food restaurant franchises can be. But perhaps the profit side of owning one of these stores is about the only good thing of owning a fast food restaurant franchise, but how much more could you ask for? With over a million dollars at your disposal (or close to it with a lot of fast food franchise locations) each year, chances are that you’ll have enough resources to ask for more help, if needed.

Nevertheless, the good and the bad of owning a fast food restaurant franchise should be examined. If you think that this is the opportunity of a lifetime then chances are for you it will be a good venture. On the other hand if you start to smell rotten eggs in the franchise opportunity then the best thing to do would be to stay away!

In recent years in the UK franchising has greatly increased in popularity. In the last year alone the contribution of franchised business to the economy increased by over £5 billion to 12.4 billion. There is no doubt that franchising is now a significant part of the UK economy.

A basic definition of franchising is that it is an agreement where a company sells the rights for another person or group to sell its products or services. However in reality franchising is more complex and there are a number of different types of franchise agreement.

Although every franchise agreement will differ to some extent in general franchising can be divided into five distinct categories -

Manufacturing Franchises

In this type of agreement the franchisor allows the franchisee to manufacture its products and to sell them using its brand and trademarks. This type of arrangement is particularly common in the food and beverage industry. The franchising company receives an initial fee and depending on the agreement may also receive an additional fee for every unit of the product sold.

Business Franchise Ventures

A business franchise venture is an agreement where the franchisee purchases and distributes products for the franchising company. The franchisor typically locates and provides the client base for the franchisee to manage. An example of a business franchise venture is the vending machines that can be found in many public areas and workplaces. The franchisee buys the vending machines, maintains them and takes a share of the machines takings.

Product Franchises

In this type of franchise the franchising company uses the agreement as a method for the distribution of its products. The franchisee is given the right to use the brand name of the franchisor to sell its products. In product franchises the franchisee will pay a franchise fee or may alternatively agree to purchase a minimum amount of stock to sell on.

Business Format Franchises

This is the most complex type of franchise agreement and involves a broader relationship between the franchising company and its franchisees. In this agreement the franchisee’s investment includes the purchase of the operating processes of an existing business including its brands and products. Training and support is also likely to be provided to the franchisees. A common example of business format franchising is.

Part Time Franchises

Not everyone wants to work full time and there are numerous reasons for this, perhaps you are looking for a business to supplement your existing income or perhaps if are busy with childcare or other daily duties that restrict the hours you are available for work. If this is the case then there are literally hundreds of part time franchise opportunities out there to choose from, ranging from vending machine franchise through to internet based franchises. Most part time franchises can be taken full time and it is all about how much time you want to put into the running of them. You could for instance go from working 10 hours per week up to 50 and bring it in line with the pay you would normally expect to receive from full time employment, except of course that you are your own boss!

With many UK franchises to choose from it is best to take a look at several and research each one, for this I recommend using one of the many franchise directories out there to help you narrow down your choice.

The purchase of a courier franchise business is different from the purchase of an independent business. As a franchisee you will be party to a long-term relationship with your courier franchisor and you will agree to run the business in accordance with the franchisor’s system.
Buying courier franchises has the advantages of offering many benefits, such as:
A uniform, consistent business that often relies on a successful formula
Support from the franchisor in respect of knowledge relating to management, industry, marketing, advertising and buying power
Use of an already established business name and format and a reduction of business risk
It also involves the payment of fees and/or percentages of turnover to the franchisor, a reduction of independence through franchisor control of management, and there may be factors that adversely affect a franchisee that are outside its control, e.g. reputation risk.
Before buying into a franchise you will need to evaluate the franchise opportunity. You will need to assess the business itself, the franchisor, other franchisees within the system, financial matters, what your obligations and entitlements will be, and decide whether you want to be a franchisee. You will need to consider the advantages and disadvantages of a franchise business, and have read and understood the franchise agreement and disclosure document provided by the franchisor.
Make sure you obtain relevant information
The following are important factors you must give consideration to.
The information provided in the disclosure document. This will give a useful insight into the current status of the franchise system.
The business model – How successful is it? Does it have a solid business plan and marketing strategy? Is there a demand in the marketplace for the goods or services on offer? Are there other competitors?
The track record and/or reputation of the franchisor – How long has it been in the business? What are its motives for franchising? Has it complied with the laws in relation to the business?
The support the franchisor will provide to you – Product supply, service support, advertising, marketing, reputation, site location, operations manual, policies, guidelines.
How other franchisees are faring in the same network? The franchisor is obliged to provide you with details of other franchisees in the network in the disclosure document. You should be able to contact franchisees directly and ask frank questions about their experiences.
How much will it cost? This includes start-up costs, working capital, operating expenses (including administration, marketing, staff, signage, customer service expenses), royalties, and other associated expenses.
If goods are supplied by the franchisor – What are the terms of trade? Can you purchase goods from outside the franchise network?
The franchise agreement – What is the term of the franchise? Can it be renewed? What happens when the franchise ends? What are your obligations?
The location of the courier franchise – Where will your franchise be located? Is there a lease on the property? If so, can it be assigned? What territorial rights will you have? Are they exclusive? Is the territory clearly defined? Will you have a choice of territories?

Delivery franchises are a good business model that lets you tap in the resources of a successful business. All you need is to meet the requirements of your franchisor and you’re set to start a brand new delivery franchise. A delivery franchise also minimizes the risks of failure by letting you use the tested procedure of your franchisor. You need not worry about how to run the delivery franchise because the necessary training will be provided. Likewise, you will also be able to source the raw materials from a trusted supplier so you need not worry about the quality, price, and delivery options of your supplier because all these are already made available for your convenience.
While statistics suggest that the success of a delivery franchise is greater than that of an independent start up business, it is also important to note that this success cannot be easily duplicated without perseverance, dedication, and hard work. These characteristics are needed to succeed in this endeavor. The success of a delivery franchise would also be dependent on other factors like the location, the demographics in your area, and the living standard where your outlet is located. For example, if you are selling high end products then it is not going to sell in a low end market. But the franchisor would also give you assistance in determining which area their franchise would most likely be successful so the risk of establishing an outlet in a wrong location is minimized.
Delivery franchises also gives you several benefits including being able to use the trade name, the logo, the marketing concept, and you will also benefit from the advertising that your franchisor does. Another advantage you will gain from availing of franchise opportunities is that the products or service you will sell already has public recognition and acceptance. In addition, your franchisor will provide for the necessary training that you need to run the delivery franchise.
The franchise cost of availing of a devlvery franchises opportunity would vary greatly on how popular the establishment is. The kind of product or service that you are interested in franchising would likewise be a factor on what the franchise fee is going to be. Most franchisors also require that you pay a royalty fee to them for every product that you sell. The royalty fee can range from two percent to ten percent, sometimes even greater depending upon what you agreed upon. But depending on the kind of establishment you are interesting in franchising, the royalty fee is overall a small price to pay to have the right to run a successful and popular business establishment.
Most delivery franchises also have a successful formula that enables them to compete in the market. And being a franchisee of these establishments will give you the edge over the competitors in your area that provides a similar product. It is no wonder then that franchising is a widely popular business model that is adapted from a variety of business establishments all over the world.

Kids franchises have to be one of my favourite franchise opportunities on sale in the UK today. Quite simply they are all bright, fun, loud, in your face and in all cases I have seen, run and managed by caring and considerate franchisors.
Ranging from education franchises through to care, sports, music and arts there are a multitude of options to choose from.
Deciding on which one is for you can be difficult so really it’s a case of matching your own interests with your investment level to the corresponding franchises to narrow your list down some. Hopefully after doing this you will have at least 3 to ponder over. From here it is time to get a collection of franchise packs and begin your research.
With your 3 + packs in hand, review the procedures, training options and monthly management / license fees and weed out any which are immediately unattractive to you. What you should be left with are your prime choices and it is now time to contact the franchisor direct to organise a meeting.
Come prepared! Before you go write down a list of questions, some / all of the following should be included:
1. How long have you been in business / how long have you been franchising? Reason: You want to establish 2 things. 1, was the business a long term profitable company BEFORE they franchised or were they a “made to franchise” business and 2, Are they a new company starting out in franchising, if so then they may well be a little inexperienced.
2. How many current franchisees do you have and can I have a list of ALL their contact details. Reason: You can pick a few at random to phone and ask them about their experiences, the ups the downs etc.
3. How many franchisees HAVE you had… i.e.. What is the turnover rate of franchisees. Reason: A turnover rate shows an unhappy franchisee base.
4. Out of the current franchisee list, how many are profitable according to your financial projections? The reason for this is: Some franchisors boast a large franchisee base but this could be due to their selling powers and not the profitability of the franchise.
5. What is the policy on
a) Territory size
b) Exclusive territory
c) Reselling my franchise
6. What previous companies have they owned and were they franchised businesses too. The reason for asking this is: Are they in the habit of creating businesses to franchise, making some money and moving on leaving their franchisees in limbo. Yes, this happens.
7. What marketing campaigns are done on my behalf and what will I be required to do myself? Here you are looking to learn more and national advertising done by the franchisor and what systems they recommend for local advertising.
These are just a few questions and you will have many you will want to ask however I would recommend getting the answers to the above so you can feel sure that this is a long term opportunity for you. Franchises are not a cheap option by any means; however either is setting up a business from scratch. You are going to be spending anywhere from £8,000 to £250,000 of your hard earned cash or loans so you really want to be sure you are spending it in the right place.
All that said – I could not recommend more a sector of the franchise industry to get involved in that kids / children based franchises. Definitely a respectable, fun and profitable option

We have all heard it, recession proof franchise. It is being used by hundreds of franchisors now in their marketing material but what does it really mean?
Quite simply it means a business which is not affected by slow growth and cuts in spending. This sounds as simplistic as it does stupid, how can a business not be affected; surely all businesses must be affected to a certain extent? It is however possible that where someone may not pay thousands of pounds for a holiday, instead they may pay a few hundred pounds on a new TV (home luxuries), and if we go down the line a bit, someone with less resources may not pay hundreds of pounds for a new TV but may pay for a new Xbox game, and one step further, someone who can no longer pay £30 for a new Xbox game, well, in all intents and purposes is broke.
There is no such thing as a recession proof business. Every business is going to be affected in one way or another, the recession proofing of a business is entirely dependent on the upper management’s ability to adapt to current spending and demands. This however was not the subject of the article.
How can the franchise industry benefit from an economic downturn? Again we have a simple answer:
As more people are being made unemployed, many with redundancy packages, there are more people available for employment and purchasing a franchise, a ready made business to take the place of their old job and one with a track record of success. In particular B2B franchises are taking off as seeing an increase in sales due to more small businesses being set up to cope with the demand of higher unemployment
Is it as simple as that though? No, of course not. Although franchise sales “may” rise, and I am expecting this to be the case come the summer of 2009, the income that it is possible to generate per franchise is likely to drop. This does not mean the franchise business is not a viable option but it does mean that the expected turnover figures for each franchised business should be modified accordingly. This drop in turnover for each franchise outlet will mean a decrease in the overall turnover for the franchisor, a drop in their monthly % of profits and despite the expected boost in franchise sales cutbacks are likely to be made in areas of IT, and staff. The only area I foresee staying the same is marketing. Marketing gets pride of place in franchising, most franchisors get a monthly marketing fee from their franchisees and as such their overall budget “should” stay on a relative plateau.
All franchises are based around expansion and branding, if the expected increase in franchise sales happens, along with it comes increased brand awareness as the network grows. This is good news for franchise buyers and existing franchisees as more money gets added to the marketing pot and due to the increased presence across territories the brand goes through a burst of organic growth.
The Good News
For the franchisor
An upsurge in unemployment and redundancy packages could lead to higher franchise sales
For the franchisee
It could well be that despite a change in peoples spending habits; organic growth and paid for marketing could be a real boost for franchise owners and buyers.
The Bad News
For the franchise buyer
For those franchise buyers who do not have the required capital, and/or are experiencing negative equity on their house, raising the capital through the normal method of bank loans could prove tricky.
For the franchisee
Expected turnover could see substantial drops in 2009/10
For the franchisor
% of profits from franchisees are likely to drop over the next 2 years (boosted however by franchise sales)

Several years before, if one wanted to start his own business, his natural course of action would be to do it on his own, depending largely on his business instincts, limited know-how, and observation of the market. The advent of franchising, however, brought a big change in business. Many have since become rich because of franchising. Franchising has indeed many advantages.
Modern franchising came to prominence with the rise of franchise-based food service establishments. This trend started as early as 1919 with quick service restaurants such as A&W Root Beer. In 1935, Howard Deering Johnson teamed up with Reginald Sprague to establish the first modern restaurant franchise. The idea was to let independent operators use the same name, food, supplies, logo and even building design in exchange for a fee.
The growth in franchises picked up steam in the 1930s when such chains as Howard Johnson’s started franchising motels. The 1950s saw a boom of franchise chains in conjunction with the development of America’s Interstate Highway System. Fast food restaurants, diners and motel chains exploded. In regards to contemporary franchise chains, McDonalds is arguably the most successful worldwide with more restaurant units than any other franchise network.
Some of the advantages to owning a franchise can be:
You Own the Business – A franchise is a duplicate of a successful business concept. The franchisee owns the outlet, therefore, he hires his own employees and oversees the management its day-to-day operations. He has high stakes in the business because his money is involved.
Ready Market – When one buys a franchise, he is buying an established concept that has a good record of accomplishment. The franchisee is allowed the use of the company’s trademark and brand name. Because of this, the company is, in effect, giving the franchisee a license to market its products carrying a brand that is already familiar with the consumers. Many popular franchises have instant brand-name recognition and have created a loyal following among consumers. Therefore, the franchisee is getting into a business that already has a ready market.
Continuous Support from Franchiser – Although running his own business, the franchisee can tap the services of the parent company anytime he needs assistance. The services of the head office organization are available to him, too, whenever he needs help. Furthermore, many companies have field operations personnel whom the franchiser can call on to help him deal with any problem he may encounter in the operation of the business.
Most franchises being offered nowadays are turnkey operations. Upon the signing of the franchise agreement and payment of the franchise fee, the franchisee receives the equipment and supplies required in running the business. Furthermore, the franchiser provides assistance in identifying a good business location for the new outlet. The company assists the franchisee in negotiating his lease, preparing plans for outlet layout, shop fitting, and furnishing his store. It also provides assistance in determining the appropriate stock inventory for the opening of the business. This kind of support and the other benefits under the franchise agreement is what sets franchising apart.

The fact that part-time franchises have become very popular among the prospective franchisees in the UK is because of the various advantages they provide. The part-time franchise option has spread to diverse wings of the franchising industry today. This has given rise to many such part-time franchises that have been put on offer by the franchisors from different arenas of business operations.
Though there are numerous instances of franchisors providing a part-time franchise opportunity to interested franchisees, there are some arenas which are more lucrative part-time franchise options and have thrived exceptionally well. As an amateur franchisee, you may try out these arenas to start up on your part-time franchise business career.
We have listed the most popular types of part-time franchises in the UK below:
• Internet Services – Services such as web designing, SME marketing, newsletters and other similar services are high on demand but a bit low on supply. Therefore, most franchisors (such as Active Web Design and Loyalty Matters) provide these services as part-time franchise options for individuals who excel in such skills but cannot afford to work full time because of other obligations. With flexible working hours and a fantastic reward for services offered, such part-time franchise options have rocketed to the peak of popularity in no time.
• Pet Care – As care for pets is not an easy task, and most people hire professional help for such purposes, this is also a popular franchise opportunity that can be pursued part time. Franchisors such as Creature Comforts provide ideal part-time franchise opportunities as pet care specialists which you can pursue in your spare time without hampering your work prospects.
• Dating – Dating services, especially online dating agencies such as Affiliate Dating Ltd. can provide you with extremely rewarding yet low-investment part-time franchise opportunities. These require you to work from home and yet manage clients with equal ease and expert support that a conventional franchise option would have done.
• Food Outlets – Franchisors such as The Muffin Place and others offer part-time franchise options to the franchisees that are interested in participating in a lucrative career in business with them. Most of these franchise options require the franchisee to sell the franchisors’ products with a margin of profit for the latter. This part-time franchise opportunity can be pursued from one’s own backyard or garage!
• Venue Styling – Part-time franchise option offers venue styling services that are a great avenue of acquiring franchise rewards and showcase business acumen for the franchisee. This is a low cost franchise opportunity with a thorough training program organized by the franchisor.
Such part-time franchise opportunities are ideal for people such as stay-at-home parents, mothers and housewives who have other responsibilities to take care of, but have a strong will to succeed in building a prosperous business career in the franchising industry. Most of these part- time franchise opportunities are suited for franchisees that seek to start small and want to gradually build their business.
So if you are one among such wannabe part time franchisees, with such a diverse range of franchise options, you will always find a suitable option to progress in your business career. There are many thousands of part time franchise opportunities across the world and due diligence must be done when selecting what you think is the right franchise for you. With so many there are of course always going to be some which only make a profit for the franchisor so care must be taken to ensure you are buying into one which will work for you. Asking for a list of existing franchisees is always a good first step, this way you may contact them and find out how well the franchise is working for them.

In recent years in the UK franchising has greatly increased in popularity. In the last year alone the contribution of franchised business to the economy increased by over £5 billion to 12.4 billion. There is no doubt that franchising is now a significant part of the UK economy.
A basic definition of franchising is that it is an agreement where a company sells the rights for another person or group to sell its products or services. However in reality franchising is more complex and there are a number of different types of franchise agreement.
Although every franchise agreement will differ to some extent in general franchising can be divided into five distinct categories -
Manufacturing Franchises
In this type of agreement the franchisor allows the franchisee to manufacture its products and to sell them using its brand and trademarks. This type of arrangement is particularly common in the food and beverage industry. The franchising company receives an initial fee and depending on the agreement may also receive an additional fee for every unit of the product sold.
Business Franchise Ventures
A business franchise venture is an agreement where the franchisee purchases and distributes products for the franchising company. The franchisor typically locates and provides the client base for the franchisee to manage. An example of a business franchise venture is the vending machines that can be found in many public areas and workplaces. The franchisee buys the vending machines, maintains them and takes a share of the machines takings.
Product Franchises
In this type of franchise the franchising company uses the agreement as a method for the distribution of its products. The franchisee is given the right to use the brand name of the franchisor to sell its products. In product franchises the franchisee will pay a franchise fee or may alternatively agree to purchase a minimum amount of stock to sell on.
Business Format Franchises
This is the most complex type of franchise agreement and involves a broader relationship between the franchising company and its franchisees. In this agreement the franchisee’s investment includes the purchase of the operating processes of an existing business including its brands and products. Training and support is also likely to be provided to the franchisees. A common example of business format franchising is.
Part Time Franchises
Not everyone wants to work full time and there are numerous reasons for this, perhaps you are looking for a business to supplement your existing income or perhaps if are busy with childcare or other daily duties that restrict the hours you are available for work. If this is the case then there are literally hundreds of part time franchise opportunities out there to choose from, ranging from vending machine franchise through to internet based franchises. Most part time franchises can be taken full time and it is all about how much time you want to put into the running of them. You could for instance go from working 10 hours per week up to 50 and bring it in line with the pay you would normally expect to receive from full time employment, except of course that you are your own boss!
With many UK franchises to choose from it is best to take a look at several and research each one, for this I recommend using one of the many franchise directories out there to help you narrow down your choice.