Owning and running a business is something many aspire to do, but the thought of trying to create and build something from scratch can often seem overwhelming. Franchising provides a brilliant opportunity to grow your own business while taking advantage of an established brand name and market expertise.
The opportunities provided by franchising are abundant, but is the franchise business model right for you? Asking yourself these key questions will help determine whether becoming a franchisee is your next step as an entrepreneur.
1. Do I Have The Capital To Franchise?
In order to initially become a franchisee, you will need to have your own capital to invest. How much capital you need will depend on several things, including things like the popularity of your chosen franchise, location of your proposed store or the type of franchise agreement. See our guide for a more in-depth look at the cost of a UK franchise.
2. Am I Passionate About Running My Own Business?
Franchising is a two-way street, and while you are investing in the brand, the franchiser is also investing in you through training, industry advice and support. In order to ensure return on this investment for both parties, it really helps to be passionate about running your own business.
If you are passionate about being in charge and making decisions, franchising is a great path to go down. Great franchise owners are those who love a challenge and enjoy taking on different responsibilities. Becoming a franchisee gives you a helping hand and a head start in the industry.
Our franchisees love owning their own coffee shops, and we provide them with all the necessary training, from marketing to store management and even barista workshops, to make sure they're supported and get the most out of their partnership with us.
3. Will The Varied Working Hours Suit My Lifestyle?
If you are keen to leave a nine-to-five, Monday-to-Friday job behind you, and you can't stand the thought of sitting behind a desk all day, then becoming a franchise owner could be a great option. You decide when your store opens and closes, allowing you a level of freedom you can't get in more traditional jobs.
We really do embrace individuality, and as an Esquires owner, you'll be part of a brand that focuses on looking, thinking and acting like an independent store. This means you can create your own business, while benefiting from the buying power and customer loyalty of a chain.
4. Can I Work Independently?
Franchising is great for working with an established brand who will be able to give you the necessary support and guidance to make the most of your business. However, it's also important to remember that it is your business, too, and you'll be in charge of handling the basic day-to-day running of your operation. It's, therefore, important that you are the type of person who loves to work independently.
At Esquires, we are looking for self-motivated people with a track record of success and a shared love for our community values and sustainable ethos.
5. Do I Need Experience In Franchising?
Having experience in franchising is not needed, however it is a bonus if you do. This does not mean that just anyone can become a franchisee and expect success. Franchising is not a quick and easy process, it is for hard-working, ambitious people who are willing to put in the time to see great results. We offer franchising opportunities all over the UK, including prime locations like London, Sheffield and Birmingham coffee franchises.
You will get all of the training and support you need throughout your journey as a franchisee, so you do not need to worry if you have no experience, you will soon learn everything you need to know! Here at Esquires we give you all the help and support you need when starting up your new venture and throughout your whole Esquires franchise journey.
So, if the thought of motivating a team of baristas, serving great coffee and becoming a pillar of your neighbourhood sounds appealing, then check out our coffee franchise opportunities today!