Step by Step Guide to Buy a Franchise

driver A STEP-BY-STEP GUIDE TO... HIRE UN BUYING A FRANCHISE NATIONWIDE STAGE 1 Undertake a self-assessment ΤΥΡΕ LIFESTYLE INVESTMENT • Home-based or office/retail unit-based? • Product or service? • Do you deliver the service, or employ others to do it? • Sell to consumers or businesses? • Working capital tied up in stock or not? Are you happy selling? • Fit in around current lifestyle and family commitments? • Full-time or part-time? • Regular 9 - 5 or flexible? • How much time can you commit to your business? • Current capital: How much cash do you have available? • How much could you borrow? • From where or whom would you borrow? STAGE 2 Shortlist suitable options 28 visit franchise exhibitions for inspiration read through online talk with your friends and family find out more information online franchise territory available in think about your desired timescale franchise directories your area? STAGE 3 Evaluate your shortlist VISIT МЕЕТ RESEARCH IDENTIFY existing franchisees - the good, the bad and even the ugly ..the market for products or services you would be selling ... what support you can expect to have during set-up/in the future ... the 1 franchisors' head offices and meet their support teams 3 4 STAGE 4 Plan, fund, check and sign! Write your business plan Get legal advice Secure the required funding Check the franchise agreement FINALLY... Sign up, pay the fees, then get started with your new franchised business! For more information on franchise opportunities with Driver Hire: O 01274 361073 [email protected] 00 www.driverhirefranchise.co.uk f DriverHireUK