Franchisee Business Start Up Costs

One of the best business start up ideas is a franchisee. You are your own boss and yet you have the advantage of being linked to a company and business that has already created a niche in the market and is a known and recognized name.

The cost of starting a business franchisee varies from business to business and is largely dependent on the equipment and premises that it requires. Location is usually the key determining factor in the success of a franchisee and hence many franchisors such as big pizza parlors or burger outlets require a certain kind of location and premises.

Some franchisers are also known to offer leasing deals to get the franchisee up and running. The basic start ups costs for a franchisee includes the franchisee fee or the contract fee to use the company name and system, cost of premises, equipment, legal fees and working capital.

A franchisee could cost anywhere between £10,000 and hundreds of thousands of pounds. A recent survey by NatWest and British Franchisee Association indicated that the British franchisee business was growing much faster than the economy, in fact twice as fast, and was valued at £10.8bn.

Technorati Tags: Accountanats, BoomerPreneurs, Business Mentoring, Business Start Up, Business Success, Cash-Flow, Home Business, Micro Business, MumPreneurs, NatWest, Office 2.0, Office/IT, On-Demand Small Business Infrastructure, Outsourcing, Personal Business, Self-employed, SMB – Small Medium Business, SME – Small Medium Enterprise, British Franchisee Association, Virtual Assistant, Virtual Office, VSB – Very Small Business, Web 2.0, WebOffice, WinWeb, WinWeb AccountsOffice, WinWeb CashBook, WinWeb Live!, WinWeb OnlineOffice, WinWeb Virtual Assistant

comments powered by Disqus
WinWeb Business Cloud - Creating Financially Sustainable Businesses