Whether you’ve ever owned your own business or not, franchising could be a really good option to explore. There are loads of franchise opportunities available – just do a quick search on Google and you’ll see hundreds of different ones come up – but it’s hard to know which, if any, are right for you.
So why could a franchise be right for you, particularly one in the property market? Let’s talk about franchises in general first and move on to the second part of the question after that.
One of the best ways franchising helps you is that it means you have the backing of a big company. This big company will be able to help you run your own business – or franchise – effectively by helping you with getting started, marketing, growing your business, managing your cash flow, taking on staff and everything else you can think of. They’ll understand what works and give you training and equipment needed to be a successful business owner.
You’ll also benefit from being part of well-known company when you take on a franchise. Most high-streets are packed with franchises you might not be aware of. Many fast-food takeaways, coffee shops and retailers are franchises of huge, multi-national businesses, and when their head office takes out an advert or has a great reputation among consumers and its customers, that’ll be passed on to all franchisees.
It can also sometimes be cheaper to buy a franchise than set-up your own business of a similar nature too, and fewer franchises fail than start-up businesses. Plus, you’ll usually be the only company franchisee in your area so there’s no-one to tread on your toes.
Now let’s see why a franchise in property could be right for you. Bricks and mortar has always been considered a ‘safe bet’ when it comes to investing. House prices continue to rise in most parts of the UK despite what happens in the rest of the economy, and 2016 looks like being another bumper year. And lettings are proving to be popular as ever.
A property franchise can help you make money from taking advantage of this boom by giving you the knowledge of how to deal with the legalities of becoming a landlord, sourcing properties, writing tenancy agreements plus a few trade secrets you’ll need to know. You’ll be kept up to date with all the changes in the industry and how it affects you too.
So now you’ve got the lowdown on property franchising, why not take a closer look at why a franchise is right for you.
Comments are closed.