Franchising is a great option for those people wanting to run their own business but who also want the security of using a proven business model.
Franchises give you the opportunity to purchase the licence to operate an existing business in an area, (typically a geographic one). The franchisor will typically provide the business model, brand, training and in some instances the marketing/ customers in return for a royalty fee on income earned.
Statistically franchise business have a much higher probability of succeeding than conventional businesses. However it is vital that you do your groundwork research on both the franchisee, the business model and particularly its chance of succeeding in your chosen market area.
At Freelancer Accounting we have years of experience in working with Franchisors and Franchisees. We can help with the initial business model and purchase of the franchise, we can provide full accounting and business support to owners running franchises. When the time comes to sell we can also help with the valuation and sale of the business.
If you would like to discuss how our services can be of help to you please contact us and we will be happy to arrange a free initial consultation to discuss this further.