This time next year…

In one of the UK’s best loved sit coms, Only Fools and Horses, lovable market trader Del Boy famously promised his younger brother Rodney Trotter: “this time next year we’ll be millionaires!” In one of the UK’s best loved sit coms, Only Fools and Horses, lovable market trader Del Boy famously promised his younger brother […]

Last Chance to Fund It

The end of January 2021 marks the final date where applications will be accepted for Bounce Back Loan Scheme (BBLS) or Coronavirus Business Interruption Loan Scheme (CBILS) loans.  As a matter of urgency, franchisors and franchisees need to prioritise business planning and forecasting to evaluate if such financial impetus could support the franchise moving forwards.  […]

What should I consider when it comes to funding my franchise?

To gain funding for the purchase of a franchise, you will need a solid, workable and realistic business plan. This will identify how much capital you need to borrow and demonstrate to the lender how you will be able to afford to repay any loans alongside other operational costs. Finance can come in various forms – […]

Innovate and Win

The Corona Crisis has hit every aspect of our lives this year.  For some businesses it’s been a struggle to survive.  Many have needed to come up with new and innovative ways to engage with customers or develop new solutions which appeal in a changed landscape, all while working remotely and still doing the day job. What […]

Be Brexit Ready

With everything franchise firms have coped with in 2020, being Brexit ready seems to have slipped down everyone’s to do list!   According to a recent survey by The British Chambers of Commerce (BCC), just 38% of firms have completed a Brexit risk assessment and only around half have taken any of the government’s recommended steps […]

Why should I write a business plan for my franchise?

Banks will insist on a well researched business plan before agreeing to a loan/start-up capital for any new franchisee, regardless of the franchise brand. In most instances, the franchisor will also request a plan to be completed too, as it indicates you are familiar with the business model and have a keen understanding of the […]

Winter is Coming

In the summer, it looked like the Pandemic was abating.  The sun shone and the high street finally re-opened its doors.  Businesses started to nurture the green shoots of resumed trading and potential economic revival.  However, suddenly infection rates have increased once more, and winter is coming… In response, the Government has introduced further support […]

The good, the bad and the ugly

There are good trends, bad trends and plain ugly trends! I’m not talking about the shoulder-pad fashion faux pas of the eighties here, but financial trends which can be discerned from accounting information. For franchisors having the figures to hand which show fluctuations in franchisees’ cashflow (good, bad and the ugly), means immediate support can […]

Never be afraid to ask for help

There is still support out there for businesses facing the consequences of reduced trading due to the Pandemic. There is still support out there for businesses facing the consequences of reduced trading due to the Pandemic.   However, some of that support is not being claimed!   This maybe due to confusion, not knowing where […]

Business planning cannot be underestimated

We’ve all heard the phrase: measure twice cut once. When it comes to buying a franchise, a little careful forethought goes a long way. By this I mean the importance of proper business planning cannot be underestimated. A suitable, realistic business plan is essential to attract funding. In addition, working out your game plan tells […]