New Year, New Possibilities: Become a Franchisee in 2024.
Almost a third of Brits are predicted to have made a new year's resolution for 2024, with doing more exercise, losing weight, drinking less and spending less time on social media among the most popular choices.
Nearly one in five resolution-makers (18%) want to advance their career goals and, if you're one of them (or have just decided you fancy a career change), now is the perfect time to consider investing in a franchise.
Of course, people unfamiliar with franchises will probably ask: "But what benefits does choosing a franchise have over getting a new job?"
Let's take a look!
Wellbeing on your terms.
Essentially, franchisees operate as entrepreneurs, with the autonomy to make decisions on work hours, locations and duration. This flexibility creates a career that aligns with your lifestyle, fostering a work-life balance often elusive in a 9-5 job while simultaneously improving your wellbeing.
And, with more and more people working from home in 2024, investing in a franchise that can adapt to different locations and settings - like Cafe2U - is a particularly good idea!
It's profitable.
The franchise industry is renowned for its profitability, making it an attractive choice for those seeking financial growth. Consistent performance directly translates to increased income, offering limitless earning potential for franchisees.
Swift start up.
Becoming a franchisee is a straightforward process that involves an interview, the drawing up and signing of a contract, buying into the franchise and then training for the new role, which may only take a matter of weeks. After that, you're up and running!
If you don't want to hang around, franchising is one of the best ways to get a new business off the ground as soon as possible.
Low-risk venture.
Did you know that approximately 97% of UK-based franchisees currently run in profit? (Or that just 38.5% of businesses that launched in the UK in 2016 were still operating five years later?)
This success can be attributed, in part, to the ability to tap into an existing customer base that is already familiar with the brand. With a built-in trust factor, franchisees can bypass the years typically spent establishing credibility, saving both time and money on extensive promotional efforts.
Comprehensive training and support.
Opting for a franchise means gaining access to thorough training from the franchisor before your business opens. Ongoing support from both the franchisor and fellow franchisees ensures a wealth of knowledge and assistance to navigate challenges, increasing the likelihood of long-term success.
Our customers aren't going anywhere!
Even with a significant proportion of the population currently having less disposable income, there are certain products and services that people just can't do without, and research shows that good coffee is one of them!
Traditionally, consumers would splash out on new clothes or gadgets to treat themselves when they got paid. As a result of the cost of living crisis, however, people are increasingly swapping more expensive treats like these for cheaper but equally rewarding alternatives, with top-quality coffee among their favourites.
Consequently, despite the pandemic/lockdown, our sales have gone from strength to strength in recent years and this trend shows no sign of stopping.
Is a Cafe2U franchise right for you?
At Cafe2U, we have a network of circa 100 franchise partners, with new franchisees joining every month. If you're interested in developing your career by becoming the owner of a mobile coffee franchise and a qualified barista operating in your own exclusive area, you can find out more about our franchise opportunities here.
