Call us on 0844 800 6672

What is a franchise?

Franchising is a method by which a business grows its network by granting a license to others to sell its services.

This is what the British Franchise Association describes franchising as :

Business format franchising is the granting of a license by one person (the franchisor) to another (the franchisee), which entitles the franchisee to trade as their own business under the brand of the franchisor, following a proven business model. The franchisee also receives a package, comprising all the elements necessary to establish a previously untrained person in the business and to run it with continual assistance on a predetermined basis.

Who is in control?

Each franchise business outlet/unit is owned and operated by the franchisee. However, the franchisor retains control over the way in which products and services are marketed and sold, and controls the quality and standards of the business.

What are the cost implications?

The franchisor will receive an initial fee from the franchisee, payable at the outset, together with on-going management service fees - usually based on a percentage of annual turnover or mark-ups on supplies. In return, the franchisor has an obligation to support the franchise network, notably with training, product development, advertising, promotional activities and with a specialist range of management services.


  • Request a Callback
  • Book a Free Consultation
  • Get a Fixed Quote
  • Find out how to Make more, Keep more and Work less

Monthly Poll

Monthly Poll

Your Business Size?

  • Start-up
  • Small Business
  • Medium Business
  • Large Business

Newsletter Subscription


Aspire is the trading name of Aspire Accountants & Advisors Limited, registered in England, registration number 13361865. VAT registration number 381901103

  • Share on Facebook
  • Share on LinkedIn
  • Share on Twitter
  • Email this page to a friend