Which Master Franchise is for you?
There are many franchise companies with master franchises for sale looking for franchise partners to spread the word and the name of their business and to get their logo and brand out there to a bigger area and a mixed demographic. The master franchise fee is always a consideration and some are in fact low cost master franchises. A master franchise for sale in the travel industry could be from around £3000.00 per sector or a hair salon with minimum investment £15,000 per franchise plus salon costs. The master franchise fee structure can be as follows; for around £100,000+ new master franchise opportunities will provide the franchise agreement for a certain period of years, finance assistance through a third party, initial training and ongoing training, fit out of the premises, equipment including tills and software and some stock. Usually this would be per unit and often a discount on the first franchise.
Generally with the best master franchises the franchisor will send in their best store designers and visual merchandisers to share their knowledge and expertise, spend some time training the staff, have planning and marketing meetings and workshops and prepare the new franchise for its grand opening. Some master franchise opportunities are available where the franchisor will sell the rights to a whole region or country. For instance the best master franchises in coffee shops or cafés will have a master franchise fee structure and the franchisor will expect the following; franchise fee, royalties, investment for equipment costs, provide site location and attendance at training sessions. For this master franchise fee the franchisee will receive multi-year brand license, area exclusivity, full training, lay out plan and product supply and start up assistance.
The opportunity to take a franchise business with a tried and tested business model is often an easy option for a new business owner. More experienced business owners can step back and look at the bigger picture of paying the master franchise fee and of owning, managing and benefitting from the work of many smaller businesses, as they own the master franchise over a larger licensing area. Obviously costs, responsibilities and revenues are always reflected in the price of a master franchise. Whether they are low cost master franchises or not are determined by its successful national or world-wide brand and its position determines the master franchise fee structure and entry level. There are national, territorial, county and local areas that a master franchise could offer to other franchisees generating immediate income and almost guaranteed success for the master franchisor as the distribution of the product or service is spread across many people who are actually taking on the risk at the local level. Master franchise opportunities if in the right industry or business which can be cyclical create an incredible bounty for the person that sets up and manages tens or hundreds of smaller stakeholders representing the brand and the products or services. This is a great route to success ensuring the initial master franchise has already shown its ability to generate a stable and consistent business over time. Please be sure to check out our franchise resale page if you decide you want to sell your franchise
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