Franchise Opportunities

InvestmentDunce

My brother and I are thinking of a (relatively low-cost, low-skilled) franchise. Neither of us has ambitions to be entrepreneurs or millionaires: we just want to work for ourselves whilst earning around £15k a year, each.

We are thinking of ChemDry or Ovenclean.

Are there any others we could be looking at?

sparkermarketing

If you think there is a market for such a service, why pay someone else to let you do it? At ~£15,000 for an Ovenclean franchise, maybe it would be cheaper to just buy the chemicals and equipment and set yourself up independently.

DCFC79

Do you earn that much though ?

Is that 15k once the franchise fees are paid ?

SailorSam

I know when i looked at a franchise years ago for, tuning cars, cleaning drains; parcel deliveries. I thought i could have done just as well by buying the equipment and starting up by myself.
Although they do say a franchise is often more successful.
Look into it carefully to see what it's going to cost.

sparkermarketing

To have net earnings of £15,000, you will need to have gross earnings of at least £17,000; or £34,000 to pay each of you £15k net.

At an average of say £40 "profit" per oven you would need to clean 850 ovens a year between you (an average of almost 2.5 ovens a day, every single day).

And that is before you start earning back the franchise fees.

PlutoinCapricorn

Most respected posters on here are wary of franchises, apart from very well known names such as Subway.

InvestmentDunce

Interesting thoughts. I guess the appeal of a Chemdry, for example, is that it is a known brand with training, development and business advice. Although it is expensive, I'm not sure where else we could turn for this level of support. We are starting from scratch with no expertise in this field at the moment.

As for earnings, we have a bit of capital which the franchise fee and startup costs will come out of. The £15k a year (or thereabouts net, I could actually live on about £10k net if I buy my flat outright with inheritance, if Cameron does extend right to buy to housing association tenants).

Thanks for your thoughts so far. And yes, that is a lot of ovens to clean!! Also, there are arguably fewer potential clients with that route as not many people cook from scratch now and there are no office premises to canvass.

bugslet

Personally I wouldn't do a franchise, invest time and qualifications once you decide what to do.

I started a haulage business nearly 25 years ago and frankly was clueless. I remember thinking things were going well until I realised that I actually had to pay the inland revenue....and later on the VAT....ah. Call it a learning curve and university of life.

Still in business and a lot wiser now, and glad that I never went down the franchise root.

cavework

InvestmentDunce wrote: »

Interesting thoughts. I guess the appeal of a Chemdry, for example, is that it is a known brand with training, development and business advice. Although it is expensive, I'm not sure where else we could turn for this level of support. We are starting from scratch with no expertise in this field at the moment.

As for earnings, we have a bit of capital which the franchise fee and startup costs will come out of. The £15k a year (or thereabouts net, I could actually live on about £10k net if I buy my flat outright with inheritance, if Cameron does extend right to buy to housing association tenants).

Thanks for your thoughts so far. And yes, that is a lot of ovens to clean!! Also, there are arguably fewer potential clients with that route as not many people cook from scratch now and there are no office premises to canvass.

Why on earth would you give your money to a franchise for a business you have no experience in?


Look at what you are good at already .. do a bit of leg work and invest the franchise fee in setting up your own company.