Frequently Asked Questions
Franchising is a business model where a franchisor grants the rights to an individual or group (the franchisee) to operate a business under the franchisor’s brand, following a proven system, in exchange for fees or royalties.
We have been successfully operating franchisees for over 30 years. You can therefore rely on us to provide:
- A proven business model with established products or services
- Brand recognition and marketing support
- Comprehensive training and ongoing operational assistance
- Better work/life balance compared to general hospitality work
- Whilst we make no guarantees regarding income or return on investment, our experience and marketing expertise, reduces your start-up risk, compared to starting on your own
Typically a new franchisee will come to us with very good experience of managing bars, hotels or restaurants (normally at least 5 years). They will have a good understanding of issues effecting the profitability of these business types and will ideally have experience of carrying out their own stocktakes.
We are happy to discuss these with you, however to purchase a franchise costs from £14995 + VAT, which includes all training and startup equipment. After the first 3 months, there are then affordable ongoing fees, which vary depending on the type of franchise purchased and the work you do.
The initial purchase cost and ongoing fees include:-
- License to market yourself as a franchised stocktaker in your agreed area. This area being exclusively yours.
- Initial 2 week residential training course
- Startup equipment – including laptop, all stocktaking equipment, and branded clothing
- License to use our inhouse “Logonn” stocktaking software. Which is not available to independent stocktakers
- Ongoing marketing support – through dedicated website profile, google SEO, sponsored google advertising, expert assistance with setting up, maintaining and growing your Linkedin network. Plus help creating and following up marketing lists and e-shots.
- Access to National Account work managed by our HQ team
We can’t guarantee franchisee turnover levels, however typically a franchisee can expect to be looking at between £70,000 and £100,000 turnover.
The franchise is a 5 year “evergreen” agreement. This means that the franchise is granted for a period of 5 years, after which if both parties are happy, and in compliance with the agreement, a further 5 year period will be granted at no additional charge. This can carry on for as long both parties want, and some of our franchisees have been with us for 20+ years.
- Contact us on 0800 028 1875 to discuss opportunities with our HQ team. Alternatively e-mail us (enquiries@stocktakingfranchise.co.uk) to setup a teams video call.
- Fill in an application form
- Attend HQ to discuss the opportunities in more detail, this will include a short test of your stocktaking knowledge, which will be used to help design your training course (it’s not pass/fail).
- Sign the franchise agreement + pay for the franchise!
If you are
- Passionate about owning your own business, but feel you need expert support
- Want to improve your work/life balance
- Care deeply about the hospitality trade
And want a career that sees you benefit from ALL the hard work you put into your business, then franchising is for you. Learn more about the role of a stocktaker.
We view your business partnership with us as a long term venture. As with all businesses, value of a business is based on past and future profits. This can only be achieved under a long term growth plan. We charge a transfer fee for approving and training of your successor.