Franchising: what is it and who is it for?
Mark Scott, franchise director of NatWest/RBS, introduces franchising and suggests who it suits best, and explains the basic costs and skills involved and why franchising maybe a safer startup option at times like these.
Franchising is doing unusually well during the recession. 90% of
franchises are still trading profitably, and 68% of a total of
34,600 UK franchisees feel sure that their business will either
improve or stay the same over the next 12 months. So what's it all
about? And could it be right for you?
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Mark Scott, franchise director of NatWest/RBS, explains the process of buying a franchising – from where to start looking to expected costs and how to get that extra bit of finance you might need to cover fees.