{"id":22608,"date":"2024-06-24T13:00:16","date_gmt":"2024-06-24T12:00:16","guid":{"rendered":"https:\/\/www.franchiselocal.co.uk\/news\/?p=22608"},"modified":"2024-06-24T10:06:40","modified_gmt":"2024-06-24T09:06:40","slug":"why-franchise-with-strip","status":"publish","type":"post","link":"https:\/\/www.franchiselocal.co.uk\/news\/why-franchise-with-strip\/","title":{"rendered":"Why Franchise with Strip?"},"content":{"rendered":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

When it comes to starting a business in the beauty industry, franchising offers you more security. Let\u2019s discover how\u2026<\/em><\/p>\n

The goal of running a business lies dormant in many people \u2013 sometimes for life, other times until the situation they\u2019re in becomes so unbearable they have to make a change. Would you say you have this desire? Maybe you have buried it deep because you wouldn\u2019t know where to start. Or maybe you are too afraid to step out of your comfort zone. Or maybe you don\u2019t have any idea what kind of business you want to run.<\/p>\n

There are many reasons why people like you hold back from stepping out into their full potential. But what if we told you there is a way which can ease the fear, and could make your dream a goal to achieve? Have you discovered franchising, yet?<\/p>\n

What is franchising?<\/strong><\/h4>\n

According to the British Franchise Association (BFA), there are over 900 franchise brands in the UK, in all sectors, contributing over \u00a317bn to the UK economy. An increase of 13% since 2013. With over 50% of franchises claiming and annual turnover of \u00a3250,000, it\u2019s easy to understand why franchising contributes as much as we do to the UK\u2019s GDP.<\/p>\n

So, what is it?<\/strong><\/h4>\n
    \n
  • Franchising is a model of business ownership, which provides entrepreneurs and portfolio builders with a proven framework for running a business.<\/li>\n
  • Franchising is an investment in the brand, business model, the training, the ongoing support, the mentoring, and the tools and resources to run a business.<\/li>\n
  • Franchising is a network of support from your franchisor and other franchisees, who want you to succeed, and will help you do so.<\/li>\n
  • Franchising is the supported means by which people can open a business, and learn how to make it grow, based on what works for the franchisor.<\/li>\n
  • Franchising is a structures approach to growing a business, which is often scalable to increase your profitability.<\/li>\n<\/ul>\n

    Is franchising better, then?<\/strong><\/h4>\n

    The BFA carries out studies to observe the state of the franchise industry over the years. What we see is a consistent success rate for new franchisees in comparison to other business start-ups.<\/p>\n

    Whilst there can never be a 100% guarantee about any business decision, with franchising you have better access to a better success.
    \n\u2022 In the first 3 years, over 60% of start-up business fail. Only 10% of franchised businesses fail.
    \n\u2022 At the time of the last survey, in 2018, 93% of franchisees showed profit growth
    \n\u2022 According to Point Franchise in 2023, 97% of franchisee-run units in the UK are profitable.<\/p>\n

    What\u2019s more\u2026<\/strong><\/h4>\n

    Franchise owners tend to be more satisfied in their business ventures, thanks to the training, mentoring, and support they receive on business management, as we all as the brand-specific elements of running the business.<\/p>\n

    According to Workbuzz\u2019s Franchisee Satisfaction Survey, 2023, satisfaction among franchisees surged by 4% to a record high of 78%. Steven Frost, managing director of WorkBuzz attributes this to \u2018profitability expectations rebounding to pre cost-of-living crisis times, improvements across every element of their franchise experience, and \u00be of franchisees rate their long-term prospects positively.\u2019<\/p>\n

    However, one big change is taking place!<\/strong><\/h4>\n

    If you\u2019re interested in a business with true scalability for ultimate profitability, then one thing which the BFA has noticed, may be of interest. As CEO of the BFA, Pip Wilkins, outlines, \u201cOne big change we\u2019ve noticed over 2023, is the increasing adoption of a multi-unit strategy with both existing and new franchisees.\u201d<\/p>\n

    What this means is entrepreneurs are experiencing the benefit of franchising for their business portfolio, and investing in multiple stores under the brand, in multiple locations. This, as you can imagine, enhances the annual profitability of your business, and your exit investment plan.<\/p>\n

    Discover franchising, with Strip<\/strong><\/h4>\n

    With there being over 900 brands in almost all sectors, it shouldn\u2019t come as a surprise to learn Strip offers you an opportunity to invest in your own Strip Salon franchise.<\/p>\n

    Let\u2019s have a conversation, so we can help you discover more about our opportunity, and about the benefits of starting a Strip Salon \u2013 or a few \u2013 and build your dream future.<\/p>\n","protected":false},"excerpt":{"rendered":"

    When it comes to starting a business in the beauty industry, franchising offers you more security. Let\u2019s discover how\u2026 The goal of running a business lies dormant in many people \u2013 sometimes for life, other times until the situation they\u2019re in becomes so unbearable they have to make a change. Would you say you have […]<\/p>\n","protected":false},"author":8,"featured_media":22609,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[255,1585],"tags":[],"class_list":["post-22608","post","type-post","status-publish","format-standard","has-post-thumbnail","category-beauty-franchises","category-strip"],"acf":[],"jetpack_featured_media_url":"https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2024\/06\/Banner_Shop-Exterior-2-scaled.jpg","_links":{"self":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts\/22608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/comments?post=22608"}],"version-history":[{"count":0,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts\/22608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/media\/22609"}],"wp:attachment":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/media?parent=22608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/categories?post=22608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/tags?post=22608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}