Uploaded on Jul 9, 2020
We are more than just another barber shop down the street, we are The Ultimate Barber. We are a barber shop dedicated to surpassing client expectations and that consisting provides excellent service.
Franchising in Hair, and Barbering: Is It for You?
Franchising in Hair, and
Barbering: is it for you?
What is a Franchisor?
As a franchisor you would allow other people,
called ‘franchisees’, to run a business using
your trading name, branding and logo. The
franchisee would pay you fees and stick to
your way of doing business, including the
types of service to be offered, marketing
activities and administration systems.
Who can Become a Franchisor?
You could become a franchisor if you have:
• A successful and profitable hair, beauty or
barbering business.
• Enough money to set up and develop a
franchise network.
• The business and management skills needed
to support your franchisees.
How Does Franchising Work?
The franchisee will usually buy a licence from
you allowing them to trade under your name.
They will then pay you a monthly fee (often
called a royalty).
You must both sign a legally watertight
contract which sets out the rights and
responsibilities of you and your franchisee.
The franchisee must stick to strict rules that
you decide about how their franchised business
should be run. This will be set out in the
contract.
What Should the Contract Include?
Your contract should be drawn up by
a legal professional who specialises in
franchises. At the very least it needs to
include:
• T he length of the franchise agreement.• How the agreement can be renewed
or ended.
• How much the franchisor will pay
you.
• What your franchisor will get in
return.
• The franchisee’s performance
targets and what happens if they
aren’t met.
• What support you will provide to your
franchisee, from help with finding
premises and initial set-up to ongoing
training and business advice.
What are the Benefits?
There are a number of benefits to
becoming a franchisee, including:
• You’ll be associated with a
recognised and successful brand
from the start instead of having to
build your own brand recognition.
• Initial start-up support will help you
iron out teething problems and make
it less likely that you’ll fail.
• The franchisor will provide clear
instructions on running your business
and ongoing business support such
as training and marketing.
• You may benefit from the
franchisor’s bulk purchasing policies.
Selecting a Franchisor
Take your time when choosing a potential
franchisor and do lots of research. A
reputable franchisor would expect a serious
applicant to do this before coming to a
decision. You should find out:
• How long the franchisor has been in
business.
• How long they have been in franchising.
• If you can speak to any of their existing
franchisees to find out more.
• How much support and training you can
expect, for example, in relation to
employment law, health and safety,
insurance, and how to comply with local
and national laws and regulations.
Contact Us
The Ultimate Barber Franchise
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