Your Investment

When you decide to take up a franchise opportunity you will need to invest two things into your business; firstly, commitment and effort that will allow you to drive the business forward and, secondly, the financial investment that will get the business off on a sound footing.

The first element of this financial investment is the Initial Franchise Fee and typically forms the largest part of the total investment required. The FVF Franchise Fee is £5,500 + VAT. However, you will also need some additional working capital to fund the business over its early months when the foundations of the business are being structured.

The Initial Franchise Fee is designed to cover the franchisor’s costs in helping you set up your business and includes the following:

• The Licence that gives you the right to use the FVF trading name (the Brand) and the operating system that has been developed
• Training in all aspects of the system. This will include training in all the compliancy issues that will allow you to operate as an Approved Representative under the FCA regulations, training in the processes of responding to customers’ enquiries and administration of the funding activity
• Onboarding and approval with the FCA
• VOIP Telephone system, which is required so that all customer calls are recorded through the FVF system for FCA monitoring purposes
• Software system set-up
• Business Stationery – Business Cards, Letterheads, Compliment Slips etc

Set-up Costs that are not covered by the Initial Franchise Fee

• Legal and Professional Fees associated with setting up the business and due diligence on the Franchise Agreement
• Laptop/Computer
• Office set-up, Desk, Filing Cabinet etc
• Data Protection Registration
• Working Capital
• You are likely to need additional finance of £4,500 to fund the start-up period.

The total initial investment requirement is, therefore, likely to be in the region of £11,000 but this will be discussed in more detail through the process and when you develop a Business Plan.