There is more to event planning franchises than meets the eye. An event planning one could involve anything from a photo booth at an event, a go-kart party for a kid’s birthday or providing exterior or interior Christmas decorations for an event or for the Christmas season.
An event planner could organise hen parties overnight in London or further afield booking flights and accommodation in Reykjavik in Iceland. All these event planning opportunities come in at different entry level or investment fees starting from less than £15,000 for a travel or matchmaking and dating up to £40,000 for catering food.
Eye for detail
If it is not so much the other events and parties that you are interested in and more wedding opportunities or a bridal types that peaks your interest then there are a variety of wedding and wedding planner options too.
If you are business minded and have previous experience in event planning or management, and a passion for beautiful weddings then a wedding franchise could be quite a lucrative business for you.
There is a never ending steam of brides searching the internet for all the help she can get with planning the most important day of her life, and she has got money to burn. It only happens once and every bride wants it to be a day to remember for the rest of her life with the most beautiful gown, the most beautiful photos and the most beautiful memories.
An event planning franchise is just as important, the event may not be for a bride but for something equally as important to the discerning client.
They may be looking for the best ideas for their sons 21st birthday or their daughter’s graduation from university. It may be an international trip for a sports team needing flights, shared rooms and all important passports organising.
If you are a natural organiser, planner and host then put your skills to the best use possible. Once your event planning franchise is up and running, all the hard work of marketing and advertising is helped by the fact that you will have an established and well-known brand name behind you.
Financial considerations
Whether you are considering wedding or event planning options, look at the cost of the entry level fee and keep in mind you will need approximately four months living expenses to keep you afloat until your wedding or event planning one takes shape and starts earning you regular income.
More often than not the company owner will take a percentage royalty fee from your profits, usually monthly. You will need to write up your business plan to present to your bank if you need to apply for a loan.
Banks look favourably on businesses as they have a high success rate due to the model offering training and support and ongoing assistance and proven methods and guidelines to follow.
Choosing one to suit your wish list is vital, not only from an investment point of view but also to satisfy the motivations you have for starting your own business.
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