Buying a franchise in a recession

Interview with...

Franchisors, Lloyds TSB and exhibition organiser 
About:
Impact of the downturn on franchise performance and franchisee recruitment
Location:
British and International Franchise Exhibition, London
When:
March 2009

Jan Spaticchia, energie Fit4less CEO:

"We've never, ever had trading conditions as favourable for us as they are now. Fitless by energie is now outselling our other products on a four to one basis, and that's because it's the right product at the right time in this marketplace."

Andy Hack, Car Medic CEO and founder:

"We're very, very busy. In fact our franchisees are reporting a 20% growth in our services this year."

Julian Urry, Cash Generator franchise director:

"Absolutely the downturn has been good for us because people are looking for bargains and our stores are full of bargains."

Roger Wild, Oven Clean chairman:

"We've got a lot more interest because there are more people now looking to become self-employed and taking on a proven franchise like Oven Clean for the first time.

Richard Holden, Lloyds TSB head of franchising:

"Historically, whenever there's been a downturn, franchising has gone from strength to strength. Franchisee recruitment tends to be on the up when people are made redundant. With a cheque in their back pocket, rather than going back into the rat race they're prepared to go into a proven business model offered by franchising."

David Tuck, Venture Marketing franchise sales manager:

"We're absolutely delighted that so many people are tuning into franchising, hence the high number of people coming through the doors today. Feedback from exhibitors has very good, and I'm delighted with the response from both visitors and exhibitors."

 

Have your say

* Denotes a required field

  1. Yes, I want to use these details every time

  2. I have read and accept the terms and conditions

  •  

advertisement

Useful Links

 

Related Articles

  1. This is a relatively easy franchise to run and in a nation of animal lovers you can count on demand.
  2. Home Instead has proven a hit stateside, and is now making inroads into a complacent UK care sector.
  3. Jo Haigh believes the power of positive thought will help small business owners beat the recession.
  4. Mark Rannard never knew he was the entrepreneurial type.
  5. Most parents would forgo their own pleasures before the health of their offspring.

 

advertisement