UK and Overseas Mortgages

Overseas Mortgage Partner Associates

Buy a franchise Advantages and disadvantages of franchising

Buying a franchise can be a quick way to set up your own business without starting from scratch. But there are also a number of drawbacks.
Advantages

* Your business is based on a proven idea. You can check how successful other franchises are before committing yourself.
* You can use a recognised brand name and trade marks. You benefit from any advertising or promotion by the owner of the franchise - the "franchisor".
* The franchisor gives you support - usually including training, help setting up the business, a manual telling you how to run the business and ongoing advice.
* You usually have exclusive rights in your territory. The franchisor won't sell any other franchises in the same region, though there will be competition from other businesses.
* Financing the business may be easier. Banks are sometimes more likely to lend money to a franchise with a good reputation.
* Risk is reduced and is shared by the franchisor.
* You have an existing customer base and you do not have to invest time looking to set one up.
* Relationships with suppliers have already been established.

Disadvantages

* Costs may be higher than you expect. As well as the initial costs of buying the franchise, you pay continuing royalties and you may have to agree to buy products from the franchisor.
* The franchise agreement usually includes restrictions on how you run the business. You might not be able to make changes to suit your local market.
* The franchisor might go out of business, or change the way they do things.
* Other franchisees could give the brand a bad reputation.
* You may find it difficult to sell your franchise - you can only sell it to someone approved by the franchisor.
* Reduced risk means you might not generate vast profits.

HOW TO APPLY

Apply online or contact New Mortgage Finder for further info in confidence on

0870 350 8595
or
Complete our online form

Good luck!
Mortgage JOBS
New Mortgage Finder are rapidly becoming the the choice for Mortgages Overseas within Financial Services companies and networks. We have new vacancies come in every week for IFAs, Paraplanners, Financial Advisers, Mortgage Consultants and many more. If your looking for a change of career then contact us today.

Overseas partnership Overseas Building & Contents