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Franchises for sale

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SteKelly

SteKelly

Player Valuation: £35m
Been thinking about what I'm going to do in the future as I'm 19 and some of you may know I am working as an IT Techy. Absolutely hate it.
Anyway, I always think about what I'm going to do in the future. My Uncle has got a few businesses like and they have worked very well for him. He recommended that I carry on doing what I am doing now and when I have enough money I should buy a franchise, he said something like a restaurant or a takeaway place like Papa Johns/Dominos, he owns a Papa Johns somewhere in London and is pretty wealthy.

Any advice? Is it really worth taking the risk?

I'm not Mick lads don't worry!
 
SteKelly said:
Been thinking about what I'm going to do in the future as I'm 19 and some of you may know I am working as an IT Techy. Absolutely hate it.
Anyway, I always think about what I'm going to do in the future. My Uncle has got a few businesses like and they have worked very well for him. He recommended that I carry on doing what I am doing now and when I have enough money I should buy a franchise, he said something like a restaurant or a takeaway place like Papa Johns/Dominos, he owns a Papa Johns somewhere in London and is pretty wealthy.

Any advice? Is it really worth taking the risk?

I'm not Mick lads don't worry!
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Not sure about the UK, but the problem with franchises in the US is that they generally have such a high minimum capital and net worth requirements that you kind of need to have the money to make the money.

Really turnkey operations otherwise, and a lot of your marketing gets done for you, but I don't see how you can start off as a small business owner with franchises.

In the US I know Subway sandwich shops are very cheap to open compared to other franchises, but that's also a big part of the reason why the country is so saturated with them. Chances are they already exist in all of the good locations.
 
I don't really know the full working of franchise operations

but as GJ alludes to here

it's probably location which is key
 

I looked at subway franchise I think you need to invest about 75k first,obviously this comes from a bank if you are not Bruce Wayne..
 

The main high street franchises require a large capital outlay & a further wedge of operating capital. I looked into a few of the larger ones a few years ago & at the time you were looking at £125k minimum to buy into a McDonalds, with the requirement that you had about the same again in operating capital.

There's many relatively low cost franchises on the market though & if you're serious go to the National Franchise exhibition next October at the NEC & you'll be able to look at the entire spectrum of what's available.
 
Baring in mind I have never looked into this, but how much actual subject knowledge would you need to have? I know that McD franchises are pretty prescriptive in how everything needs to be done, but even so I'd imagine having some experience running a food operation would be beneficial?
 

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