"Running your own
business can be lonely
and frustrating but in a
Franchise environment
there is usually a lot of
comradeship amongst the
Franchisor and Franchisees,
so you.re on your own
but never alone!"
Stephen Sims
Managing Director
Towbar2u Franchising ltd.
TRIED & TESTED BUSINESS SYSTEM
When a company (the franchisor) develops
a successful business formula and offers the
rights to others (franchisees) to trade under
the same Trade Mark, it is called a franchise.
As a Franchisee you would be buying the
rights to use the 'Trade Mark' and tried &
tested business systems of the Franchisor, in
a specified exclusive territory over the period
of a franchise agreement. Franchising is a
partnership where the franchisor provides
start up and ongoing support in return for a
fee. Subsequently there is usually far less risk
in buying a franchise as apposed to 'going it
alone'. A franchisee follows the proven path
of the franchisor who has already ironed
out all the pit-falls of the programme. Full
training and back-up being of paramount
importance.
THE ADVANTAGES
There are many advantages with franchising,
for example, most banks recognise they face
less risks in lending to Franchisees. They
often lend on a ratio of 2:1 rather than their
normal 1:1 ratio. Franchisees also benefit
strongly from the Franchisors valuable
brand name, marketing and reputation. (The
'TOWBAR2U' Franchise section lists all the
package details).
