Posts Tagged ‘retail franchise opportunity’

Fact: Over 50% of small businesses in UK fail during the 1st year and 95% fail within the 1st five years.

A rather alarming statistic if you are planning to have a small business of your own. And perhaps, after you have learned about this, you will have second thoughts about leaving your job and venture into business.

However, don’t be disheartened for here is another fact: there are lots of retail franchise opportunities in UK that are tested and proven successful over the years.

So, instead of starting a business from scratch, why don’t you go over this list and see if there is one that might be of interest to you?

Flowers Forever

If you are passionate about flowers, you can buy a franchise from Flowers Forever, one of the popular names when it comes to flower preserves and gifts. Many customers find the flowers that they offer great gifts for their friends, spouses, mothers, and loved ones.

They even put preserve flowers in decorative frames to make them look more personalized. So, if you are among the satisfied customers of Flowers Forever and want to share that satisfaction to others, why not consider franchising this flower business in UK?

Cash Converters

Now, if you are not into flowers, but are passionate about the idea of buying and selling, then consider Cash Converters for your retail franchise business. Basically, what this business does is that it buys products from customers and then resells them to customers for a higher profit margin. Sounds promising! But it does work, and a few people even refer to it as “recession-proof”. So, if you think you have that ability to convince people to buy and sell, then this is the retail franchise for you.

Oscar Pet Foods

Okay then, if flowers and buy and sell are still not your cup of tea, then perhaps this pet-friendly franchise might be of interest to you – the Oscar Pet Foods. This business deals mainly on high quality, nutritious foods for pets and the delivery of these to customers. Since the products are directly sold to customers, cost in middleman is converted into profit, thus many are enticed to purchase a franchise.

The business has always been known for its excellent customer service and so a lot of customers patronize their products. Now, you can also take advantage of this market with a retail franchise from them.

Fast Signs

Still find nothing interesting? Try Fast Signs, one of the leading names in the sign and graphic industry in UK. If you are artistically inclined and you are passionate about graphic design or print world, then this is the perfect retail franchise for you. You will not only gain profit from the business but also have fun exercising your creativity.

These are just a few of the franchise opportunities in UK that you can take advantage of. Although at first you might be dazed with the number of retail franchise opportunities available, just ask yourself what it is that you love doing and that you find interesting and you’ll know right there and then what franchise to buy.

Do you know that one in three businesses fail within the first year? If you don’t, well you have to greatly consider this fact before you give up that 8-5 job of yours. Life these days is not as easy as you think, so before you decide on engaging in any business, much more a franchise business at that, make sure that you are up for the challenge. Now, if you want to franchise, first you must learn how to identify franchise opportunities that work.

Here are some steps that you can take to do this:

Understand that Franchising is Not For Everybody

Unlike other types of business, a franchise business is said to be not everybody’s cup of tea. When you franchise, you still have to work under an established company, selling their products in a manner set by them. If you are uncomfortable with this kind of set-up, it is most likely that you’ll fail in just 1-year time.

So, if you want to engage in a franchise business, you must be ready to abide by the franchisor’s rules. Take a Salon business for example. Of course, you can’t just have a café inside the salon as well so your waiting customers can have a sip or two and have a snack while they wait for their turn. Although your intention is also for good customer service, this will not be in accordance to the rules of the franchisor.

Ask Yourself: What Do You Like?

When it comes to choosing the best franchise opportunities, it could certainly pose a big challenge for you. Why? Because nowadays, more than 48% of retail sales are already franchises, and about a 100 different industries offer franchising. So, since there are lots of choices, finding the right one for you could be mind-boggling.

Now, ask yourself, what do you like? Do you have any particular hobby that you have always loved doing? If you do, then find the industry that will certainly have that fire burning within you, the desire to change that hobby into something more productive. Once you find it, you can start thinking how to go about it and for sure, it will work for you because that’s your interest in the first place.

Find the Franchisor You Want to Work With

In order for the franchise business to really work for you, you must take into consideration the franchisor that you want to work with. Of course, you don’t want to be working with a company that you have very little knowledge of. So, be sure to have a really thorough background check of the company.

Now, if you don’t have a particular name in mind, you can always log on to online web directories or web portals and simply search criteria based on the industry, geographic location, and price. From there, you can look at complete listing of franchise business in your area.

Starting a franchise business may be a difficult endeavor to take, but that is if you don’t know how to identify the franchise opportunities that will work for you. Now, with these steps in mind, you will certainly be off to a good start.