Franchise Advise - Is This Fair?

EnPointe

Bookworm105 said:

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OP is risking their own money but drawing on their own knowledge of the existing business. If they have that much faith in themselves then go it alone and set up as direct competitor

 this may or may not be relevant  

in some case  new franchisees are often General Managers of  corporate run ( and may indeed by  buying that branch out of corporate ) or other franchisee-owned  Branches of a business, but that tends to be household names ... 

DullGreyGuy

Bookworm105 said:

MattMattMattUK said:

 The second is do you need a franchise model, or could you just bite the bullet and go it alone?

indeed, in the absence of restrictions over intellectual property rights, trademarks or patents, it appears OP is doing nothing more than effectively expanding the current business into a new geographical location

for unknown reason the current business owner does not want to risk that themselves 

therefore what does OP get for this "franchise" in return for paying a monthly % fee?

OP is risking their own money but drawing on their own knowledge of the existing business. If they have that much faith in themselves then go it alone and set up as direct competitor

We know nothing about what the company does or what IP it holds. The OP states its a small business so its unlikely to be a big brand that has significant value but they may own copyright to products, be the UK exclusive distributor for something or other matters. 

The OP states they are "investing" £15k but doesn't state if thats on leasing premises or buying the franchise etc. Again, depending on what they are selling the setup costs could be vastly more and timescales longer if its selling a bespoke product as you'd have to find a supplier to manufacture, design and creating the tooling, wait for the batches to be made and received etc. 

Bookworm105

DullGreyGuy said:

Bookworm105 said:

MattMattMattUK said:

 The second is do you need a franchise model, or could you just bite the bullet and go it alone?

indeed, in the absence of restrictions over intellectual property rights, trademarks or patents, it appears OP is doing nothing more than effectively expanding the current business into a new geographical location

for unknown reason the current business owner does not want to risk that themselves 

therefore what does OP get for this "franchise" in return for paying a monthly % fee?

OP is risking their own money but drawing on their own knowledge of the existing business. If they have that much faith in themselves then go it alone and set up as direct competitor

We know nothing about what the company does or what IP it holds. The OP states its a small business so its unlikely to be a big brand that has significant value but they may own copyright to products, be the UK exclusive distributor for something or other matters. 

The OP states they are "investing" £15k but doesn't state if thats on leasing premises or buying the franchise etc. Again, depending on what they are selling the setup costs could be vastly more and timescales longer if its selling a bespoke product as you'd have to find a supplier to manufacture, design and creating the tooling, wait for the batches to be made and received etc. 

that is what i said, we are guessing as to why OP thinks a franchise is the way forward since a franchise means someone has something of value which is needed to trade under the guise of that business