I have been approached by someone wanting to start a new window cleaning business under my banner.
My business is fairly successful mainly concentrating on domestics. The proposal is to use my company name, branding, logo, website etc, and operate along the same lines but in a different town. (about 50 miles away)
I am happy to give as much support as I can to get the venture off the ground and running, but am wondering if there are any implications I should be aware of which may affect me or my business.
I guess this is a form of franchising, I realise there are guys out there doing this kind of thing and making money out of it but have to admit I don’t understand how it works.
On this occasion it’s a very good friend who wants to set up so making money out of the situation is not my priority however if successful I don’t see why it can’t be repeated with a more business approach.