Seemingly out of nowhere, a brand new franchise association has been started, and it’s core focus is on these 3 things;
3. Vetted memberships
Here’s what I found on the franchise association website;
SELECTION OF INDIVIDUAL FRANCHISEES
“A Franchisor should select and accept as Individual Franchisees only those who, upon reasonable investigation, appear to possess the basic skills, education, personal qualities and financial resources sufficient to carry on the franchised business.”
I found this, too;
“The business must be able to demonstrate a demand for the product and service, along with financial success that can support a franchise network.”
“For success there must be a system to exchange the know-how between both the Franchisor and Franchisee. Essentially, there can be no secrets if the business is to be successfully franchised and all information relating to the knowledge, operation and the initial proposition must be fully shared.”
I guess they read this;
But…there’s one little problem.
The new franchise association is located in the UK.