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Buying Franchise

Buying a franchise

Franchising gives you the opportunity to own and run a business under an established brand with a proven format and business model.

A franchise consists of a joint venture between a franchisee and a franchisor.

A well established franchise will provide all the essential elements for a successful business except one - you, the owner. But remember, before you commit, you should research your chosen franchise to make sure it is the right one for you. To find out more about buying a franchise download our guide or visit our Knowledge Centre.

50 questions to ask a franchisor.

Top ten tips

  • Here's HSBC's top ten tips for assessing a franchise - Read more...

    1. Find out what franchises are available by viewing whichfranchise.com – there are also exhibitions, directories and magazines all devoted to franchising.
    2. Take as much advice as possible – from the bfa, banks, lawyers, accountants, Business Links etc
    3. Examine your strengths and weaknesses – what skills do you have? Does the franchisor provide training and back-up to help you overcome any skill gaps?
    4. Check the franchise is right for you – is the business one you can see yourself running?
    5. Talk to existing franchisees – what problems did they face, how successful are they?
    6. Investigate the franchisor – it is important that the franchisor has the financial resources to support a franchise network.
    7. Examine the marketplace – is there a market for your chosen franchise's goods/services? Is the franchise operating in a market subject to the economic environment?
    8. Take care with new franchises – has the franchise been piloted, how long has the franchisor been in business?
    9. Check the legal agreement – has the franchise agreement been vetted by a franchise specialist solicitor?
    10. Take your time – however enthusiastic you are, don't be rushed and do your homework

Finance your franchise

  • Worried about not having enough cash to start, run or grow your franchise - Read more...

    The first step is to establish how much money you can invest in the business and what you will need to borrow. For an established and successful franchise HSBC will lend up to 70% of the total start up costs. For newer franchises this figure will be 50%.

    To help us assess any request for finance, please provide a copy of your business plan prior to your initial meeting. Your chosen franchisor will often help you prepare this. You can also use our interactive business plan tool.

    How can we help to get your business moving?
    Starting a business
    Opening a Business Account
    Compare Accounts
    Finance and Borrowing
    Cards Processing
    Business Insurance

Contact Us

Call our franchising team on:


  • 0800 234 6224

Email us

For any assistance on your existing account please contact Business Telephone Banking on 08457 60 60 60 (international +44 (0) 1792 491 988


Events

HSBC will be attending the following event

15th & 16th March - bfa The British & International Franchise exhibition, London Olympia

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