Retail Business Franchising

[groomi]

I've had a business idea for ages now which is completely unrelated to my current business. It would be a retail business along the lines of Tie Rack with the intention of selling franchises around the country. However, before taking it any further I need to make sure I have a full understanding of what's involved as this is well outside my previous experience.

So can anyone recommend some reading for this type of business - particularly the franchising bit?

[Vixpy1]

You want to go into retail?

Now?

Are you insane?

[spikeyhead]

Vixpy1 said:

You want to go into retail?

Now?

Are you insane?

And with something along the lines of Tie Rack too.

Hmmmm, OP, brew some string coffee, spend some time sniffing it

[Phoenix]

I used to work for the UK side of a multinational franchising company at management level dealing with retail customers so if you have any questions I'll do my best to answer, although there are probably far more qualified people on here.

Edited by Phoenix on Sunday 23 November 17:50

[groomi]

Vixpy1 said:

You want to go into retail?

Now?

Are you insane?

Hey, like I said I've been thinking about this for years. Every bust is followed by a boom, hence wanting to do some reading up now...


I was a boy scout and still like to 'be prepared'.

[Eric Mc]

You never know, ties might be making a comeback.

[groomi]

I'm not planning on dealing with ties, it was their business model I was referring to.

[Wacky Racer]

Vixpy1 said:

You want to go into retail?

Now?

Are you insane?

I have this grand idea to franchise out, similar to Maccy D's and Subway a load of Rolling road depots all over the country,.........


I think I'll open the first one in Surrey as I understand the owner of the one in that area spends more time posting on Pistonheads than doing any actual work.........