Franchising: Double up for twice the profit
A franchise can be the start of a business empire and many franchisees are enouraged to take on extra outlooks. Find out what it entails
‘Domino’s actively encourages its franchisees to develop their business into multiple units,’ says Andy Hirst of Domino’s Pizza.
‘If a franchisee has proven skills operating one store it makes sense that they apply their experience to further units.’
60% of Domino’s franchisees have more than one outlet, 40% own more than three, one owns six stores and another, eight.
Dominos helps them identify sites and secure planning permission. The company is looking for new franchisees, who need around £100,000 of their own money to get started.
If you are considering investing in a franchise, think about the possibility of becoming a multiple franchisee before you start.
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