Franchising can enable you to grow your business and brand in multiple locations. effective than taking on new premises yourself because the franchisee covers the cost, as well as the costs for staffing. When everything is up and running, the franchisee will collect the income, while you’ll get fees and any royalties or a mark-up on products sold e.g. merchandise or kit.
It’s important to note that franchising is not russia rcs data an easy way to make a quick profit. You’ll need to invest time and money, especially at the start while you set up your franchise model. This will include preparing legal documents, operations and training manuals, your recruitment strategy etc. (we’ll go into more detail about all of these later on).
Because of the high level of effort needed, your existing business needs to be in good shape first before you consider franchising.
Case Study – Pulse Academy
Pulse Academy is an independent football education and training programme for 16–19 year olds. It was set up in 2011 when the founders felt there was a need for something for young players looking into career options in football or sport – not just in England but around the world.