child mortarboard gbp briefcase bath coffeecup tree twitter search crosshair fax house papers sort house-pound brochure list-items notes printer video-camera video virtual-video bath bed camera floorplan heart-empty heart-filled heart-empty-thin heart-filled-thin sofa calculator compass share clock list map-pen map-pin pencil save business-card letter phone heard people pointer cross linkedin google-plus facebook arrow-right close triangle-down my-wink my-wink-thick house-circle loading-spinner bell close-circle dog link pinterest school transport wardrobe arrow-up one two three four five six seven tick

Winkworth mini-guide to franchising documents

No business undertaking is without its red tape, and franchising is no exception. This mini-guide to key documentation should help make it a bit clearer for anyone who is interested in starting a franchise.

No business undertaking is without its red tape, and franchising is no exception. Before getting started, franchisees will be asked to sign a number of legal documents. Yet there is no need to panic. The paperwork associated with setting up a franchise is just a necessary first stage in a commercial relationship which works for both parties.

This mini-guide to key documentation should help make it a bit clearer for anyone who is interested in starting a franchise.

The brochure provides the insight to the franchisor and is probably the first document would-be franchisees will read. It is one of the franchisor’s main marketing tools and will often be on display at franchisors’ exhibitions. The brochure sets out the general philosophy of franchising and gives an understanding into the particular model used by the franchisor.

The franchise agreement is the principal document setting out the terms of the relationship between the franchisor and the franchisee. Franchisors like to treat all their franchisees the same way, in order to achieve a level playing field. Any small variations, to take account of local circumstances, will be included in a separate schedule. But franchisees need to acquaint themselves with the sundry obligations.

These range from initial and ongoing training requirements to insurance and compliance with the business systems.

The operating manual is in essence the blueprint for the day-to-day operation of the franchise business. It usually covers all the practical information which the franchisee needs to run a successful business. This may also set out accounting systems and sales reporting that are essential when launching your new franchise.

Not every clause in every document will be immediately comprehensible. And you will, of course, want to take legal advice before signing documents of such importance. Yet the key thing to remember is that the documents provide all-important clarity in a two-way commercial process. This is beneficial to both parties for a successful new relationship.

Have you been thinking of starting a franchise?

Winkworth is looking for new franchisees to continue their successful growth.

Contact Gina Piper (Business Affairs Manager) via email at gpiper@winkworth.com to find out more about starting your own Winkworth franchise. All conversations will be strictly private and confidential.

Learn more about franchising with articles, tips and advice on taking the next step in franchising: www.winkworth.co.uk/estate-agent-franchise

Related posts

The role and responsibility of the Franchisor

Franchisors like Winkworth have an ongoing responsibility to support the operations of the franchisees and their teams in the network and provide continuous development in systems, processes, infrastructure and revenue streams for the offices.

Read post

February 20, 2020

Winkworth Tooting celebrates success under new management

The established Winkworth Tooting office has been trading out of its premises near Tooting Bec station for over 20 years now. In January 2018, the business was sold to a new franchisee and Charles Mitchell was hired to manage and grow the office, which over the last 24 months, he has achieved successfully both in terms of local awareness and revenue....

Read post

February 14, 2020

How Winkworth’s central services department helps franchisees

Winkworth’s central services department is built up of two key elements with the aim of improving the company’s market share. Client services is focused on delivering instructions to the Winkworth offices through database management and provides an important link between the two to ensure no opportunities are missed. The corporate relocation aspect of the department offers a centralised, streamlined

Read post

February 06, 2020

Find your Local Office

Find your Local Office

Speak to people who, quite simply, love their patch and love what they do.

Get a Free Valuation

Get a Free Valuation

Thinking of selling or letting your property, or just interested to know what it is worth nowadays?