FAQ's
Find answers here to some of the most frequently asked questions (faqs) about buying and running a franchise business. Questions answered are on a wide range of topics including legal aspects, pricing, how to choose and even the history of franchising.
How will my franchisor support me?
One of the main benefits of buying a franchise over starting your own business is that you’re entitled to support from your franchisor, in fact, that’s part of what you pay for when you buy into the franchise initially and what your ongoing fees contribute towards (if these are included in your franchise set up). The type and degree of this support will vary from franchise to franchise and will also depend on the maturity of the franchise business and the franchise model.
What is the franchise recruitment process?
The franchise recruitment process is the procedure by which a franchisee and a franchisor assess each other to ascertain whether they can build a successful business relationship. It is a two-way street, despite the fact that the franchisee is making the financial investment, the franchisor is also taking a risk in terms of their brand integrity and reputation, plus business growth so both parties need to do their due diligence on the other in terms of research and fact finding.
Your PGH Beegone franchise agreement queries answered
In this video, we will address any questions and concerns you may have about the franchise agreement throughout your journey with us. Legal franchisee help – Special thanks to John Pratt with Hamilton Pratt
Do you need industry experience to run a franchise?
There are franchises that are suitable for people with little to no experience. For example, smaller-scale franchises can be operated part-time around other commitments and with a minimal level of upfront investment.
The history of franchising
There is a certain amount of debate about where and when franchising actually began – some suggest the first business format franchise was set up in China in 200 BC, there’s also speculation that franchising began in the medieval period when a monarch/government granted special individuals the right to acquire and develop areas of land, hold markets, maintain order and assess taxes and the individuals paid a fee for this privilege along with the monopoly on these business ventures.
What are the best Covid-resistant franchises?
Covid has certainly changed the commercial landscape for many and forced the closure of thousands of businesses – despite a huge degree of government help. A survey from King’s Business School suggests that up to six million small businesses are in a ‘precarious’ position after the past year, and 16 million jobs are also uncertain.
What is franchising and what does it mean?
A franchise is a type of license that grants a franchisee access to a franchisor’s proprietary business knowledge, processes and trademarks allowing the franchisee to sell a product or service under the franchisor’s business name. In exchange, the franchisee pays the franchisor an initial start-up fee and/or ongoing licensing fees and the franchisor provides the franchisee with ongoing support.
Prince’s Trust supported pest control franchise off to a flying start!
PGH Beegone Franchising Limited, the unique pest control and live bee removal franchise, is off to an impressive start by recruiting its first franchisee within
How much money can I make from a franchise?
Most franchises in the UK will provide this information, based on the level of earnings their existing franchisees are making or based on the accounts from their core business.