Q: How much money do I need to start?
It depends on the territory, but it starts with as little as £10,000 but can go up to £100,000 for the largest territories.
Q: How long do I need to wait for the first income and profit?
It depends on the area and the season (the training industry is seasonal) where it can take up to 3 months to generate your first income - so far all of our franchisees have generated revenue within the first 2 months. Usually it takes up to a year before the break-even point.
Q: What are the fix annual costs of running a small franchise?
The running costs of an example franchise can be found below:
- Minimum Fee to the Franchisor per year: £5000
- Telephone/Internet: £500
- Other Operating Expenses, e.g.: printing, stationary, pens etc.... £500
Note that there might be other expenses involved like accountants expenses related to your specific area.