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Franchise advice

6 replies

Caraspence1 · 25/09/2014 15:33

Hi

Just some advice please. I am hoping to move and want a new career to go with it. I have looked in to a Franchise and just wanted to run some things by some people as I am a bit wary as no one in the company will talk to me regarding running costs and outlay etc. This is a red flag right away, but wondered if anyone else had this issue when looking at franchises. The franchise fees also appear to be very high, but I am reassured that this is within the scope of what income you will make, and been told it is what everyone in franchise pays, the quarterly fees are £750, does this seem appropriate? Any advice on fellow franchise people and good / bad / indifferent experiences would be greatly appreciated before I make up my mind. Many thanks. Cara Sxx

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zanuda · 26/09/2014 18:33

As you mention, it's not a good sign that nobody want to tell you "inside" info. Another thing, most of the businesses like that a done through the network of friends who know somebody who know somebody who might be potential customer. Because you're moving to a new area you would not have that kind of "support" (or business bust, don't know how to call it better). I would think twice and, personally, would not go for it. Not until I know new area and people and see what trends are there.

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WannaBe · 26/09/2014 18:36

what kind of franchise is it?

If it's a make-your-own-greeting cards business which as yet has no knowledge in your area and you don't know anyone to sell to then getting involved is a bad idea. But if it's a local branch of Kosta Coffee then you're assured of making money from the outset....

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mymummademelistentoshitmusic · 26/09/2014 18:40

Google another branch of the franchise and talk to them.

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mymummademelistentoshitmusic · 26/09/2014 18:42

Have pm'd you, ciara.

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Caraspence1 · 26/09/2014 19:34

Thanks, Ive replied to your pm, thanks.
Its a large Baby company who run classes in all the UK, there set up fees and quarter fees are really high compared to others, but a well known brand, just wanted to chat to someone to see if it was the same all over the UK for their fees and what I can expect, just seems a but dodgy no one will talk to me.