Mr Electric Franchise

paddyrg

Joelly1 wrote: »

...in short the franchise only pays so much to the franchisor, so if that is the case and other franchisees do that, no money gets back to the franchisor. How are they supposed to market Mr Electric without money from franchisees?

Annual fees, contractual 'marketing fees', the £18k initially ponied up (let's face it, the training isn't costing £18k) etc. You don't typically 'buy' a franchise, but rent one with ongoing fees and charges. I hear what you're saying, but the franchisor is still probably doing just fine and any extra percentage of turnover is gravy.

NICHOLAS_2

I would advise against it, they've been around for a lot longer than 3 years in the UK and most people have never heard of them. Would most probably leave you feeling like you've just wasted 20k.

You don't need to pay 18k to generate enquiries. It's simple, really, a decent news paper ad and a website and you'll have plenty of work to keep you going.

I would also imagine that they rip their franchisees off on materials to make profit on that too.

honeypop

Joelly1 wrote: »

In my research, I've got the impression that running a small business is more complicated these days, so a franchise could solve that... You may say, well it's a small business how complicated can it be but if you are not efficient and using the right systems you will not be profitable in an era where if you want to grow and not just be a one man band these things have to be tight.

The same amount of money you'd spend on this franchise, could be spent outsourcing the operations/back office parts of the business to people who actually know what they are doing (Online Business Manager/Virtual Assistant), so you retain ownership of your business but it gets run a lot better than you could do it yourself if, as you say, you don't have the necessary skills or experience in building a business.


In the same way as you'd outsource your end of year finance stuff to an accountant, there are people you can outsource to for pretty much every area of running and growing your business. You just carry on doing the bits you do well, ie the electrician part, and the rest begins to run effectively with minimal input from you. You'd probably be able to afford the same help you'd get from the franchise, without having to be tied to them.

Joelly1

I'm with you all on the approach I should take to building my business, the £18k will be spent on building the backbone of my business and not a franchise.

Thanks to all who have posted.

If I find out any other useful information regarding the franchise, I will post it here for future reference so others can have all the facts at their disposal.

PlutoinCapricorn

Personal recommendation costs you nothing. Much of the information you need is available online for nothing.