Franchise World magazine

Britain’s longest-established franchise magazine, founded in 1978, covers franchising from the perspective of the two parties – franchisees and franchisors, both prospective and existing.

© 1978 - 2023 Franchise World

Franchise World ISSN 0144-0543

Autumn 2023 - No 238

Readers should seek advice from a qualif ied accountant and solicitor before parting with money, or entering into f inancial or contractual commitments Information in the magazine is provided in the main by franchisors/advisors and readers should not rely upon it without having personally verif ied it at source The publisher does not

Paris Baguette is a rising player in the UK market

Since its debut in the UK, Paris Baguette’s French-inspired menu has proven to be a compelling draw for customers For aspiring entrepreneurs, it also offers a compelling opportunity to be part of a dynamic and innovative brand

29

Manjit triples turnover with One Stop

One Stop franchisee, Manjit Gill, who switched his two stores to the wellknown convenience retailer, says his biggest regret is that he should have made the transition a decade ago having now tripled his turnover

31

Body Fit Training sees milestones and momentum fuelling success

The Australian fitness franchise reports impressive growth as it celebrates the launch of its 250th fitness studio, expanded its footprint into Hong Kong and welcomed three new Londonbased franchisees

32

Editorial Nick Riding nick@franchiseworld co uk

Advertising Jane Eyles info@franchiseworld co uk

Franchise World, Highlands House, 165 The Broadway, Wimbledon, London SW19 1NE info@franchiseworld co uk www franchiseworld co uk make any representation about the viability or otherwise of the franchises, or advisers, mentioned and does not accept any responsibility, or give any war ranty, representation or assurance that statements, conclusions and opinions expressed or implied are accurate or valid

Page 39

Franchise director leads by example with Caremark franchise investment

Mark Thompson chose to becoming a franchisee of Caremark, after two years recruiting others to join the home care provider

34

Ovenu obser vations and traits from conference

Following the Ovenu annual conference this year, our invited guests made some very prudent and interesting observations about the franchise network as a whole reports, its founder, Rik Hellewell.

37

The National Franchise Exhibition

The UK’s flagship two-day franchise event, supported by the BFA, offers an inspiring line-up of franchise brands and presentations to kick-start your entrepreneurial ambition

39

NIC Ser vices sponsors the BFA’s National Franchise Sur vey 2024

The BFA has announced the launch of its latest national franchise survey and for the first time it is sponsored by a franchisor, NIC Services, the provider of commercial cleaning services

42

Tappy Toes expands its award winning franchise to Dubai

The pre-school children’s activity provider, Tappy Toes, launches in Dubai. It’s sessions follow the UK early years foundation stage framework that focuses on supporting child development through class activities

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Advisory Articles

How franchising works: the two sides of the stor y

The final part of this series, looks at franchising from the franchisee’s perspective

By Cathryn Hayes, franchise director,

Revive! Auto Innovations 17

Approaching the bank for finance

Investing in a franchise can be an exciting step but many people find it difficult to approach a bank for finance This article will help you to approach a bank in a confident way

By Gillian Morris, UK head of franchise, HSBC UK

25

‘Key tensions within the franchisor/franchisee relationship’

The recent BBC investigation into alleged working practices at McDonald’s, highlights some key tensions in the franchise relationship. In the light of the allegation franchisors should review employment structures of their franchisees

How to successfully expand your franchise

The role of a franchise accountant and broker offer a winning combo of financial smarts and strategic insights to successful expansion advises d&t

By Jack Hayes, franchisor relationship manager, d&t 51

Building brand awareness and measuring success

Brand awareness in your market sector is paramount to success But when “awareness” is so intangible, how do you find a metric to measure success?

By Chelsea Smith, content writer, Mayfly Inter net Marketing 53

Q&A to put you on the right track to buying a franchise

The fundamental issues of franchising. By

Nick Riding,

editor, Franchise World 56

By Gordon Drakes,

partner, Fieldfisher 27

Creative solutions for franchise resales amidst shifting interest rates

As UK interest rates influence borrowing costs and financial feasibility of a business, franchise buyers and sellers are finding themselves in a situation that calls for innovative solutions, such as deferred payments

By Michael Bohan, managing director,

Franchise

47

Resales