How franchising works: the two sides of the story
Business-format franchising, is the granting of a licence by one person (the franchisor) to another (the franchisee), which entitles the franchisee to trade under the trademark/trade name of the franchisor and make use of an entire business package, comprising all the elements necessary to establish a previously untrained person... More
How to be sure a franchise adds up
The franchisor will give you valuable plans and projections – but don’t assume they’re accurate. Satisfy yourself that you understand the figures, so you can assess the franchise objectively. More
Make sure your business plan packs a winning punch
When looking to invest in a franchise, once you have completed all your research and opted for the brand you wish to proceed with, your franchisor would expect you to be able to produce a business plan to outline how you will be successful in your territory. More
The core principles of a franchise agreement
This article will consider some of the key rights and obligations which should feature in a franchise agreement. Before we get into the detail, we should be clear about what we are talking about. More
Are post-termination restrictive covenants in franchise agreements enforceable?
The Court of Appeal has dismissed a franchisor's appeal against a High Court decision that had declared that the restrictive covenants in its franchise agreement were unenforceable (Dwyer (UK Franchising) Ltd v Fredbar Ltd and another EWCA Civ 889). More
The advantages of buying a franchise resale
If you are looking to buy a franchise you should give consideration to a resale. There are many benefits of investing in a franchise resale, so let’s look at some of the key reasons why they are becoming increasingly popular. More
How to sell a franchise that has started to fail due to unforeseen circumstances
When selling any business, the first thing to do is find its value. When valuing a franchise that has started to fail, an excellent place to start is to find out the total cost of a new franchise, including the price of the business and any required investment in... More
If it must come to parting, try to make it amicable
As in all business relationships, problems may occur and there may come a time when the franchisor and franchisee arrive at a parting of the ways. This can occur for a variety of reasons ranging from breaches of the agreement by the franchisee to the financial failure of the... More
Standards set by the British Franchise Association
The British Franchise Association (BFA) want to lead the charge and influence change in UK franchising. Its goal is to showcase the opportunities for businesses and individuals. More