A Chance To Clean Up

Mirror.co.uk:

Take the plunge into the world of franchising and you could soon be vacuuming up the profits associated with a familiar name.

The concept is simple. A company gives someone permission to use a trade name, trade marks and business system in return for an initial down payment and then further regular cash.

There are some 759 franchisors operating in the UK, employing hundreds of thousands of people. These consist of global giants such as McDonald’s, Burger King and Pizza Hut, and smaller firms offering car services, health, jewellery and cleaning, such as Molly Maid.

Franchising enables ambitious people who want to run their own business - but are worried about starting from scratch - to opt for a more recognisable option. Or they may not have a business idea of their own. Read on…