Franchise owners are self-employed people who’ve bought a licence to operate a business under an established company’s brand.
Salary range: Variable
How to become a franchise owner
You can get into this job through:
- a college course
- applying directly
- training with a professional body
There is no set entry route to become a franchise owner but it may be useful to do a relevant subject like:
- Level 1 Business Start Up
- Level 2 Certificate in Preparing to Set Up in a New Business
- Level 3 Certificate in Business Essentials
Entry requirements for these courses vary.
You’ll usually buy into a franchise then get training from the franchise seller, often known as the franchisor.
You may find it helpful to get experience and skills in areas like:
- basic accounting
- sales and marketing
- managing people
- customer service
You could do training courses with a professional body to prepare for taking on a franchise.
You’ll need access to money to buy the franchise and pay ongoing agreement fees.
What it takes
Skills and knowledge
- customer service skills
- the ability to sell products and services
- leadership skills
- excellent verbal communication skills
- business management skills
- the ability to accept criticism and work well under pressure
- thinking and reasoning skills
- maths knowledge
- to be able to use a computer and the main software packages competently
What you’ll do
Your day-to-day tasks may include:
- complying with instructions on branding, signs, logos and colour schemes
- operating to set standards and legal regulations, for example food safety
- ordering stock or resources
- attracting customers and building up sales
- keeping accurate records
- training and supervising employees
- complying with health and safety regulations
You could work in an office, from home or at a store.
Career path and progression
Once your business becomes established you may want to open more franchised outlets. This would allow you to hand over day-to-day operations to staff, so you can concentrate on managing the growth of your chain.