and what a great forum, really appreciate the amount of information on here and I hope you can assist with something I have been considering over the past month or so.
I have researched the world of franchising purely because it has presented an image of being something that is 'already there' i.e a business that is just waiting for the right person to take the reigns, albeit some restrictions with territory and other things. The initial investments needed are something that i'm not going to part with easily and have asked myself the question - have I even heard of this company before now? if not then how would customers filter through to me to make this viable?
As a result I came across a legal consultancy franchise and have contacted the relevant parties to find out more, as law is an area I have always been interested in, it formed part of my studies. And have subsequently received a brochure outlining the opportunity.
The brochure and emails received have alleviated some concerns I may have had i.e an email said that on average each consultant sees 4-8 people per week. and the brochure outlines a typical week's clientel and earnings of cú1900 p/w.
I enquired about performance and was told that this has grown 200% in the last 20 months.
Business comes from professional referrals they state those firms in the email, and are passed to the 'nearest consultant' but they do not gurantee income business or appointments to franchisees. It is said that they have been operating this model for 4 years, and the senior has been in the industry for longer.
They say the business plan is the blueprint for the success, which must be implemented, and say they are registered with a members association for the industry they operate in.
With all things considered, what are the views of the board as to such franchises?
Has anybody had dealings with such a franchise before or know of anybody that has?
any views welcome,