What is a franchise?
A franchisee is a self-employed business owner who runs a business using the brand and systems of an established company, known as the franchisor.
Business franchising is an arrangement where the franchiser grants the franchisee the right to use its trademark or trade-name as well as certain business systems and processes.
Why choose franchising?
One of the main reasons entrepreneurs turn to franchising is that it allows them to expand without the risk of debt or cost of equity. Buying a franchise can be a quick way to set up your own business without starting it from scratch.
Download our franchise guide below to find out further benefits of franchising and learn how you can become a successful franchise.
The next step
At UHY Hacker Young, we work alongside both franchisors and franchisees to ensure that every necessary step of running the business is taken care of.
For more information about the services we offer our clients in the franchising sector, please contact one of our specialist advisers.