Franchise home page

The British Franchise Association

The British Franchise Association accredits franchisors using a stringent set of criteria based on a code of business practice and the European Code of Ethics for Franchising. All members are then listed on the bfa’s website at www.thebfa.org to allow potential franchisees to check which brands have chosen to be measured by and have passed these checks.

Investment level: Levels of investment range from smaller amounts, that you may already have available, to larger amounts that you may need to take out a bank loan for. There are three major banks that the bfa accredits as specialists in understanding franchising and providing specific teams to work with franchise business loans. Lifestyle: Franchising is not a hobby. You will need to make sure that you are happy with the commitments needed for this new business.

You will also need to consider the support and understanding of those around you such as your family and friends. Research: All franchise businesses are different, so do your homework. Speak to existing franchisees, make sure you understand all the business operations and ensure that you fully understand the investment costs. Professional advice: There are a host of professional advisors accredited by the bfa that specialise in franchising, including consultants, accountants, solicitors, banks and even media. They are invaluable in making sure that you’re taking the right steps and don’t miss any vital information.

www.thebfa.org

Franchise home page

---

---

---