Do you ever wonder what it would be like to be your own boss? What about buying your own franchise?
But here's the real question: is it the right option for you? Here, we take a look at what makes a sucesssful franchisee, the types of franchises available, and why franchising is such an appealing venture.
Who is the perfect franchisee?
As a franchisee, you are your own boss – but you should be open to listening to advice from your franchisor. You need to be level-headed and amenable to other people’s opinions to enable yourself to take a step back and realise that you may be going wrong somewhere.
‘You need to put your faith in the franchisor and take their advice,’ says Adrian Steel, franchisee of Wilkins Chimney Sweep, ‘After all, they’ve been successful with the model and you’d be foolish not to take their advice.’
Adrian also regards the ideal franchisee as being driven to ‘make the business a success... as just buying a business isn’t enough’ and being able to ‘draw on any experiences you’ve had in any previous jobs.’
However, that previous experience could be in anything, as long as the skills are transferable.
So if you’re hard-working, open to advice, in need of a little support yet keen to be your own boss - you could be the perfect franchisee.
What types of franchises are available?
Here at FranchiseSales.com, there are a wide range of franchises to choose from.
There are café & coffee franchises (the coffee industry is currently at an all-time high), work from home (so you needn’t spend money renting an office), cleaning, gardening, automotive (specialising in all things vehicle-based, including wheel refurbishment!), property, education and fitness franchises among many more.
Contrary to popular belief - franchising is not just limited to fast food restaurants. The industry now represents nearly every business sector. Just take a glance at the numerous categories on our site.
So why is franchising such an attractive option?
Franchises will have a tight, tried and tested business plan with proven results. Furthermore, you will have the support from the franchise who want you to succeed, amongst other reasons.
‘It has always been my dream to spend my time caring for animals but as I had no experience of running a business, I did not think having my own business could ever be an option,’ Franchisee Diane Routledge tells us.
‘When I discovered Paw Pals, it seemed the ideal solution to buy a franchise and gain the support of a well-established company to help me set up my branch from scratch, something I would not have been able to do on my own, and then to have the continued support as it developed.’
A chance to develop
If you want a bigger challenge and to take on more responsibility, becoming a franchisee could be just what you’re looking for.
Michael Malloy, franchisee of Bang & Olufsen in Bath, talks to us about his experience of deciding to buy a franchise. In his previous incarnation as a frustrated shop-worker, he initially approached his boss asking for more responsibility:
‘Co-incidentally around 6 weeks after those initial discussions I read an advert in a national Sunday newspaper offering franchise opportunities. I had been self-employed earlier in my working life and was very keen to enjoy the opportunity again. The timing just could not have been better!’
Owning a franchise often means a better work/life balance. You are your own boss, so you work the hours you want to.
‘After having my daughter my priorities changed,’ Shobhana Sankar, franchisee of The Creation Station children’s franchise, tells us. ‘I wanted to be there for my daughter and my family. Running my own franchise with a brand that shared my family values and personal values was the obvious choice for me.’
Indulge a passion
As you can see, there are plenty of sectors in the franchise industry you can explore. If you’ve always had a passion for something, why not make a career out of it?
Paw Pals franchisee Caroline Newbury reveals that she found the franchise on a website and became inspired by their genuine and friendly passion for animals. It had always been her dream to become involved in an industry such as this:
‘I am a big lover of the great outdoors and after sitting behind a desk for 25 years (despite having had some great jobs), think I am ready to fulfil my dream and make my own success as well as doing something I love – not many people can say that!’
Good second job option
If you would like another source of income, then owning a franchise 'on the side' would be an ideal opportunity. As long as you have enough resources to employ someone to run it for you, this could be a highly lucrative venture.
Interested in buying a franchise? Take a look at our listings and find the right opportunity for you.