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Sources of specialist professional advice on all aspects of franchising for both potential and existing franchisors and franchisees. BRITISH FRANCHISE ASSOCIATION (BFA) Trade association of franchisors formed in 1977 to promote franchising; raise its ethical standards; overcome the negative attitude to franchising then prevailing as a result of problems with pyramid-selling with which it was confused; and to protect the interests of the industry, particularly with regard to UK and EC legislation. British Franchise Association, Centurion Court, 85f Milton Park, Abingdon FRANCHISEE NETWORK This alliance network offers franchisees ongoing support and advice, suppliers and products, events and workshops. FRANCHISE ACCOUNTANTS This firm offers independent advice to franchisors and franchisees to help them set up and run a successful business. Hillier Hopkins FRANCHISE BANKS The banks are keen to lend to franchisees because it carries less risk than lending to normal start-ups. They will lend on a higher ratio of 2:1 (i.e. they will put in £2 for every £1 you put in), if the circumstances are right. In the case of the better franchises, they might also offer finer interest rates. HSBC Lloyds TSB FRANCHISE CONSULTANTS These firms assist companies to franchise their businesses. Their work ranges from carrying out a feasibility study on whether the business is suitable for franchising and the preparation of operations manuals through to advice on recruiting franchisees and the development of the network. Franology The Franchising Centre McHardy & Co FRANCHISE RESALES This firm provides franchisors with a comprehensive resales service for their franchisees by using its unique proven franchise resales process. Franchise Resales FRANCHISE SOLICITORS Advise both potential and existing franchisors and franchisees, and write the franchise agreement on behalf of the franchisor. Some are in an information exchange pool whose members swop their opinions of franchisors which they have formed from representing franchisee clients. David Bigmore & Co Field Fisher Waterhouse Mundays Owen White Parker Bullen Sherrards Solicitors FRANCHISE MANUAL WRITERS These firms are specialists in writing the operations manuals through which franchisors pass on their know-how to their franchisees and tell them how they must run their businesses. This work is also undertaken by franchise consultants. The Franchising Centre Manual Writers FRANCHISE PUBLIC RELATIONS This firm has established an enviable reputation as a specialist franchise PR consultancy, achieving widespread coverage in all media categories, most notably in the national press. Gay Turner Public Relations FRANCHISE TRAINING This firm provides franchise management training and awards a Diploma in Franchise Management. The Franchise Training Centre |
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