The Perils of Franchising

After a successful career in the energy industry and after taking redundancy, I decided to invest in a franchise...the worst decision of my life…more to come…

[The Perils of Franchising @Franchiseeperil]

@RightPulseNewss A

[The Perils of Franchising @Franchiseeperil]

@UKFranchising Please do a thorough due diligence before investing in any franchise with a completely one sided agreement. Follow my simple 5 step process https://t.co/ZV9DTRT3iT

[The Perils of Franchising @Franchiseeperil]

@EliteFranchise @Pipwilkins @BFA_UK Before buying any franchise where you are risking your livelihood because of the one sided nature of franchise agreements, please ensure you do a thorough due diligence https://t.co/ZV9DTRT3iT

[The Perils of Franchising @Franchiseeperil]

@EliteFranchise @Pipwilkins @BFA_UK Please, please do your due diligence and don’t believe all this marketing hype. Read my blog about the importance of the due diligence process. https://t.co/ZV9DTRT3iT

[The Perils of Franchising @Franchiseeperil]

@BFA_UK @HSBC_UK Nesting in a household name does not guarantee success. Just look at all the issues with Vodafone https://t.co/8BeeS8ph7h

[The Perils of Franchising @Franchiseeperil]

@EliteFranchise Fully agree with NPS metric when measuring customer satisfaction but this should not be mixed up with franchisee profitability

[The Perils of Franchising @Franchiseeperil]

@EliteFranchise @Stagecoach_GBR This statement is completely false as then Franchisor controls the process ‘you are in the driving seat to determine the value of your businesses and to decide when to sell’. Please do due diligence before investing in any franchise. https://t.co/ZV9DTRT3iT

[The Perils of Franchising @Franchiseeperil]

@EliteFranchise @notjusttravel @NJTFranchise Be extremely careful about ANY business someone claims can be run part time, not least a franchise. Do your due diligence..

https://t.co/ZV9DTRSvtl

[The Perils of Franchising @Franchiseeperil]

@UKFranchising Or you could read my due diligence process along with the basic questions you need to be asking the Franchisor which is based in my own personal experience along with input from many other franchisees. https://t.co/ZV9DTRSvtl

[The Perils of Franchising @Franchiseeperil]

@EliteFranchise This can be the case but be prepared for long evenings and weekends to catch up in paperwork etc. The vast majority of franchises are full time and more. You are 100% not independent like running your own which is not always a bad thing.

[The Perils of Franchising @Franchiseeperil]

@EliteFranchise Training is definitely one issue that any prospective franchisee needs to consider but in my view it’s not one if the most important ones. See my blog about due diligence in franchising https://t.co/ZV9DTRSvtl

[The Perils of Franchising @Franchiseeperil]

@EliteFranchise @BFA_UK One of the few or maybe only historic ‘goldmines’ was McDonalds but franchisees can no longer sell which means they cannot ‘move on’ with their lives which is the worst of everything

[The Perils of Franchising @Franchiseeperil]

@EliteFranchise @BFA_UK I could share numerous horror stories with franchisees trying to sell their franchise where Franchisors change the goal posts and make it as difficult as possible to sell. Don’t believe everything you hear especially from @BFA_UK

[The Perils of Franchising @Franchiseeperil]

@UKFranchising Rather than listening to Dan, a Franchisor, I suggest you read my blog which is written from a franchisee perspective https://t.co/iOkf060AC6

[The Perils of Franchising @Franchiseeperil]

@EliteFranchise Sadly there are far too many Franchisors that are happy to take anyone because they know if they fail they can go after them for liquidated damages and then recruit someone else. See my post about franchise agreements https://t.co/iOkf060AC6

[The Perils of Franchising @Franchiseeperil]

@EliteFranchise There are some great franchises out there but before investing your life savings in any franchise with a completely one sided agreement please read my latest blog about franchising called ‘Due Diligence….Ignore it at your peril’ https://t.co/ZV9DTRT3iT

[The Perils of Franchising @Franchiseeperil]

@TiceRichard Richard, thank you so much for taking up the issue of ‘malpractice’ in franchising at the hands of ‘unscrupulous and dishonest franchises’. After my own personal experience as a franchisee, I started a blog which you can find here https://t.co/1Zgx5Q3Bj8

[The Perils of Franchising @Franchiseeperil]

@UKFranchising before investing your life savings in a franchise you need to do a thorough due diligence of the opportunity. Details of a simple 5 step process and sample DD questions to ask the Franchisor are attached; ‘Due Diligence….Ignore it at your peril’ https://t.co/ZV9DTRSvtl

[The Perils of Franchising @Franchiseeperil]

@UKFranchising There are some great franchises out there but before investing your life savings in any franchise with a completely one sided agreement please read my latest blog about franchising called ‘Due Diligence….Ignore it at your peril’ https://t.co/ZV9DTRSvtl

[The Perils of Franchising @Franchiseeperil]

@UKFranchising @T4UnitedKingdom There are some great franchises out there but before investing your life savings in any franchise with a completely one sided agreement please read my latest blog about franchising called ‘Due Diligence….Ignore it at your peril’ https://t.co/ZV9DTRSvtl