Sat 4th Apr 2020Tattenhall Online weather - Partly cloudyPartly cloudy 12°C

The beautiful village of Tattenhall in Cheshire

The Opportunities and Pitfalls in Franchising

Home » News » The Opportunities in Franchising
Rob Dancy
The Franchising Centre

Opportunities and Pitfalls in Franchising
In our wish to focus on local businesses and business people we turn to Rob Dancy. Living on the outskirts of Tattenhall, Rob has been involved in the world of franchising for 20 years. He is a member of The Franchising Centre, a firm dedicated to advising businesses who wish to grow via franchising and helping franchisors with the recruitment of their franchisees.
He recently took over as Chair of the Tattenhall Business Alliance and gave a talk to the Tattenhall Business Club entitled 'The Opportunities and Pitfalls in Franchising'.
What is Franchising? Franchising is where the owner of a successful business licenses the use of its operating systems, brand and other intellectual property in a way that is can be replicated by others, in other parts of the UK or the world. The franchisor then provides the franchisee with training, guidance and continued support to set up, replicate and grow the business model in their area.
Well known franchises on the High Street with which we will all be familiar include McDonalds, Domino's Pizza and Subway and in the service sector Dyno, The ZipYard and Jackson's Fire and Security which is based in Mold.
The advantages of entering into a franchise arrangement include lower start-up costs and the marketing firepower of the franchisor.
As a sector franchising has grown by 46% in the UK in the past ten years, employs over 600,000 people with 1 in 5 franchisees under the age of 30. A very high (97%) of franchise businesses are said to be profitable within two years of starting.
If you'd like to know more don't hesitate to get in touch with Rob.
https://www.thefranchisingcentre.com/tfc-team/

popular recent storiesAlso in the news

Nesting Grea
Webteam: Fri 03 Apr 6:29am

Along with feeders and bird baths, a bird box is high up on the list of a bird's basic needs. As well as providing a home for birds to bring up their families in spring and summer, a bird box will also provide shelter in the winter.When we asked you take photographs of Tattenhall whilst you were on your daily exercise regime (public health social distancing accepted), I think it would...

Gerry
Webteam: Fri 03 Apr 6:20am

Our local butcher, Gerry Farrell, has decided to face new challenges. After 18 years of providing us with a friendly and skilful service, he and his wife will take a well-earned holiday for the first time for a number of years, while he decides which direction to take in the future. For once, Gerry was almost stuck for words and failed to think of any jokes to add to those he has...

St Albans Church
Jane Richards St. Albans PCC: Fri 03 Apr 6:20am

PARISH NEWSBecause of the Coronavirus crisis, the Tattenhall, Handley and Burwardsley Parish News will not be published until the situation returns to normal.The date of the next publication will be announced in good time for articles to be written and sent in. Advertisers will be contacted soon to review the situation.Jane RichardsSt Alban's...