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CLIP 8582

The potential of franchising

The potential of franchising
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Key Info
  • The potential of franchising
  • Duration: 03:50
  • Examining the potential of franchising for the franchise holder and the franchisee. A middle aged couple start up their own household cleaning business, 'Time For You'. The business grows rapidly, going from 0 to 40 franchisees within a year. Each pays £8,250 as a lump sum plus £200 a month management fees. One franchisee now employs more than 100 cleaners.
  • Subject:

    Business Studies

       Topic:

    Aims and Organisation

  • Keywords: entrepreneurship, franchising, growth, business objectives, on-line business success, recruitment
Ideas for use in class
  • In class, go to www.timeforyou.co.uk to see how the business is doing now. By 2009 it had 147 franchisees who, together, generated sales revenue amounting to £27 million. The site also gives '7 reasons to become a Time For You franchisee', which would be worth discussing in class.
Background details
  • Clip language : English
  • Aspect ratio : 4x3

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