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Owning a franchise can be an exceedingly rewarding and profitable experience.
Franchise owners enjoy the luxury of setting their own schedule and being the boss, while also remaining exempt from the massive financial risk of independently launching a small business.
A CoLaz hair removal franchise is a safe alternative to starting from scratch, as being a franchisee allows you to leverage the already established reputation and proven sales model of a highly successful business.
The benefits of owning a franchise range from statistically better chances for success, to an open schedule allowing for flexibility and even holidays, to operating an environment free from internal disorganization due to the consistent training methods of CoLaz.
Franchises also statistically do better than individual small businesses due to the rate at which new locations can open, therefore giving the company an advantage over competitors and securing the franchisee’s future success.
If you’re one of the many people shopping for a franchise business opportunity that fits their needs and financial goals, consider the benefits of franchising in general. A proven record of profitability is one factor to look for.
CoLaz operates four hair removal and beauty salons in the Greater London metropolitan area, and your franchise could be the next success story for the company and for yourself.
You should additionally look for a franchise that offers protection from same-brand competition, and one that operates in fairness and good faith.
It’s exciting to know that UK franchises are growing exponentially.
Beauty salon franchises in the UK are popular among start-ups because the industry is one that people find to be both interesting and lucrative. No matter the turns the economy takes, individuals will always want to look and feel their best.
This means personal beauty and wellness services like laser hair removal, facials, waxing, and inch loss treatments will stay popular among franchise categories, even during recessions.
The CoLaz beauty salon franchise income potential is substantial
For a minimum investment of just £24,950, you can begin operating a successful business in one of the UK’s most high-income industries. Hundreds of restaurant, retail, and service chains that you visit daily are actually franchises, not corporately owned.
These businesses can provide a high income on their own, and substantially increase your household earnings, making it easier to support your family.
The costs of owning a franchise are considerably less than starting your own business.
When you launch a new business you end up doing all sorts of marketing tests, purchasing ineffective equipment which costs an arm and a leg in this business, you also order the wrong products/services and end up regretting your decision- by then its too late - you've run out of money.
By owning a franchise you learn and benefit from all the experience and MISTAKES from the franchisor and thus it costs less then owning your own business, both in the short term and long term. Trust me!
For many new franchisees, one of the most important steps in launching their new UK franchise business opportunity is getting a franchise loan. The good news here is that banks are looking to grow and expand, and they can do so by offering you franchise and small business loans.
Having good credit and good financial habit
Like having a plan for how to pay back the loan, are always best practices for finding and securing a franchise business financingfor your new CoLaz salon.
When you contact us to discuss this franchise business opportunity further, we’ll help you understand how much revenue you can reasonably expect, which in turn will make this planning and loan application process much more simple.
There are many growing commercial areas of the UK and London that would be ideal locations for a new CoLaz beauty salon franchises. The east-west link at Crossrail will bring six new underground stations in the area, Nine Elms at Vauxhall is London’s biggest regeneration scheme, along with revamps of Portobello Square, Waterloo, and Woolwich.
Contact us today to get a full list of the territories currently available for new CoLaz franchisees.
A franchise contract agreement can be difficult to understand at first
But they typically outline how the business will be run and how similar it must stay to the parent company. Be wary of a completely negotiable contract that lets the franchisee change too much about the new location, as this means too much can be altered and affect the success and proven financially stable methods of the company.
It’s important to know that a CoLaz franchise contract agreement is unilateral, meaning it is written from the point of view and for the benefit of the franchise.
Your franchise business plan will be similar in nature to a small business plan. This document includes plans for where the franchise will be and how it will be run—everything from employee details to machinery involved.
Important elements of writing a franchise business plan
Include objectives, mission, the keys to franchise success, company summary, services offered, marketing, and more.When you become a CoLaz franchisee, we provide access to our proven business model, and work with you to customize it to your needs.