The North is due for a government injection of cash and the bigger and more successful the Northern Powerhouse talks, the more opportunity for a growing and flourishing franchise business in Manchester and beyond. The North already has a population of 15million and it has been said “if the northern powerhouse were a country it would be amongst the biggest economies in Europe”
With that said, let’s get ready to rumble. There will be road works and upgrades and transport link upgrades, maybe transport concessions because more people will be on the move, Southerners may even start coming up here to work! It could be a good time to open a retail franchise or food outlet in Manchester. Or internet franchises offering computer or IT services. Or for that matter, a number of computer franchises come to mind, admin, accounting or education franchises.
Financing
The banks will be lending so it will be a good time to apply for a small business loan. Some banks have their own franchise department. The banks like to lend to franchisees as there is a high success rate with a franchise staying in business and making a success of it. This is due to the fact that a franchisor has already proven his model of business and has other successful franchise businesses up and running around the country, full and part time.
A franchisor endeavours as part of the franchise agreement to have certain territories or regions, for example Manchester, Liverpool or Leeds. That way there is enough business to go around for everyone. So many people are on the move nowadays whether it is for work or visiting family miles away and there is a certain comfort in recognising a brand. If someone is on the road regularly they are much happier to stop at a franchised fast food outlet for example and know what they want, know the system and get in and out having had what they know they like, and back on the road, whether they are in London or Manchester or somewhere in between.
Various types of franchises available
Don’t just think retail premises, outlets and locations. There is plenty of new franchises for those in IT, or looking for a computer based business. There are a multitude of franchise opportunities for those wishing to have a home based business and only go on the road to meet new clients for instance. For someone with a background in accounting, the accountancy franchisor will set up and train the franchisee in all the back of house admin and invoicing, and perhaps set up a marketing campaign. The franchisee would then go out to meet the new clients, build a relationship and from then on in, everything would be done online. Or for example, the whole family may have to relocate and a child’s schooling could be so disrupted that they need private tuition to stay on track. These parents would find the tutor online and then could have the tutor in their home or have the tutor set online lessons.
Whatever the business venture, do some research and find the right franchisor to fit in with everything you are looking for. Approved Franchises provide expert advice to help you select a franchise that is best suited to your needs. Enter your details in the form above and use this free service to compare franchise companies. Find the best franchise business for you at Approved Franchises.