Put simply, a franchise is a business in any sector that individuals or companies can buy into that has a proven replicable business formula. The business has generally proven itself over a period of time, and the expertise of setting up and running the business can be transferred to others for a franchise fee, and monthly support charges. The advantages of taking a franchise are:

• Have your own business but part of a larger well known organisation
   
• Proven track record and operating procedures
   
• Brand name, customer awareness and image
   
• Access to management expertise, training and ongoing support

To find a franchise you could look to the following sources of information:

• British Franchise Association (BFA)
   
• Several daily newspapers with a franchise or business section
   
• A multitude of Franchise magazines
   
• Exhibitions and shows
   
• Internet based franchise/ business specific web sites
   
• Franchising books