You know that Franchising gives you the potential to earn millions of pounds but what will it actually cost you to franchise your business ?
At Business For Profit we work mainly on results. We charge you an upfront fee (see below) to set up and launch the franchise for you.
Everything else is then based on results if you wish us to handle the recruitment of franchisees for you (see below). If you wish to handle the recruitment side yourself then there is no other charges beyond our upfront costs. We will even show you how to handle the recruitment of franchisees if you wish to do it yourself.
Upfront Costs
Unlike most franchise consultants we believe in being totally up front with you about what it will cost to franchise your business. We give you the complete package cost to get everything up and running properly.
The project will be made as self financing as possible but there will be an upfront investment of £9,995 (+VAT) which is payable in 3 installments. This payment package covers the following areas:
(a) Franchise Blueprint / Model / Financials
(b) Legal Franchise Contract
(c) Franchise Operations Manual
(d) Franchise Prospectus
(e) Franchise Websites
(f) Meeting Presentation Materials
(g) Initial Marketing Launch
(h) Business For Profit fees
As you can see this is an extremely competitive price. We believe it is the best priced model in the market place today. Legal fees alone can cost between £5k and £10k.
NB. The only other upfront cost you will have if you haven't already done it will be to protect your name and logo which costs about £500.
Ongoing Costs
Apart from the initial upfront costs outlined above the income received from franchisees will then make the project self financing and take it into profit.
In terms of ongoing expenses the only other costs you will incur are the costs of advertising for franchisees and any enhancements to the legal contract and marketing materials.
The costs of franchisee training, support and equipment are covered in the franchise fees, royalties and management fees.
Recruitment of Franchisees
There are two ways to handle the recruitment of franchisees:
(1) You can do it yorself - we show you how. OR
(2) Business For Profit will do it for you.
Our services would cover:
(a) Handling all enquiries and following them up
(b) Qualifying potential franchisees and arranging meetings
(c) Meeting potential franchisees
(d) Following up potential franchisees after the meeting
(e) Setting up the legal contracts and handling the arrangements for new franchisees buying into the franchise
Business For Profit Recruitment Fees
If you choose to use Business For Profit to handle the recruitment of franchisees for you we would work on a results only basis. Our expertise is in recruiting franchisees and we earn our money from a fixed % of the franchise fees and ongoing management fees that we generate for you. Unlike most franchise advisors we only make money when you are successful.