Franchising is a method of distributing products or services. At least two levels of people are involved in a franchise system: (1) the franchiser, who lends his trademark or trade name and a business system; and (2) the franchisee, who pays a royalty and often an initial fee for the right to do business under the franchiser’s name and system. Technically, the contract binding the two parties is the “franchise” but that term is often used to mean the actual business that the franchisee operates.
Imagine a store owned by an individual with a particular concept. If the business is successful, the owner may develop a second or third store and hire employees for the day-to-day operations. At that point, if the entrepreneur still wants to expand but prefers not to operate additional stores themselves, they may decide to “franchise” the store name and business system to an independent business person known as a franchisee. In return, the entrepreneur may ask for an initial fee and/ or a continuing royalty payment based on a percentage of that franchisee’s sales. The business is now franchised.
We have created a fair purchasing price base of the exclusive territory you want to attain. Each postcode area is up for sale, and each sub postcode has a price. The larger the area, the higher the cost. Keep in mind that some areas are small so you may want to grab two or more to get the growth you need!
For example: PR (Preston) has 13 postcodes, two are non-geographical Royal Mail which we don’t count. If you want to trade in PR then you need to have all of the 11 remaining areas; PR1, PR2, PR3, PR4, PR5, PR6, PR7, PR8, PR9, PR25, and PR26. Each sub postcode costs £500 so in this example PR has a buy in cost of £5500.
Hashtag Hosts head office will do everything possible to help you succeed with your investment. It is in both of our interests to help you expand and become a success!
It starts slowly to help you create the structure. At first, you are your primary employee. You’ll be trained by us for you be able to replicate yourself to train future hosts and after expansion to skill up your team.
We estimate your average team size to be 10, however this number is relative to postcode areas (the larger your territory, the more staff you will need).
This investment will see you working days, nights and weekends – to cover the demand from clients.
Absolutely not! Full training is provided. All you need is to be confident and outgoing – not afraid to communicate with people. Being the heart and soul of your social group is a great advantage!
Hashtag Hosts is a full time opportunity and demands hands on involvement from the franchise operator. As such 100% of your working week must be focused on your Hashtag Hosts area.
You will receive two full weeks on our Franchisee Training Programme, after which you’ll gain our Certificate of Hashtag Excellence. The training takes place at Head Office, based in Lancashire. You will also shadow operating hosts to gain the experience you need to perform and pass on the skills to your team.
Extensive and continuous support from a dedicated Franchise Manager will assist you with recruiting and training new staff, marketing and general operational areas.
This depends on a few factors, like when you can start your training. However once you start we estimate you would be launching your first site no later than a month after your training.
We don’t charge any royalty fees in the first five months to allow you to grow your business. After this period fees will scale up in line with the growth of your business and has the following structure:
Year 1 – £200 per month.
Year 2 – £400 per month.
Year 3 – £600 per month.
Year 4 – £800 per month.
Year 5 – £1000 per month (the cap, we never charge royalty fees higher than this).
In addition, Hashtag Hosts will receive 10% of turnover. Other costs are associated that we will explain in depth in the business plan. These will be the costs of operation and doing business.
To complete the franchise agreement there is an initial fee payable for each area and this gives you the right to use the Hashtag Hosts trademarks and brands, it’s information, specifications, know-how and other confidential information.
Included in the indicative total investment cost is for management, staff training and initial marketing support prior to launching.
Additionally you will receive:
- A dedicated territory
- Your first set of Hosting Equipment
- VOIP Phone Line
- 2 weeks comprehensive training
- Hashtag Hosts Branded Clothing
- Marketing Tools and Stationary Package
- Head office accountancy Package
- The skills and expertise of the support team… and much more…!
The initial agreement is for 5 years. Subject to lease and other considerations. The agreement is currently renewable by the franchisee at no additional charge.
Complete the contact form and receive a prospectus. We will call you and walk you through each stage at a time to ensure you are fully informed and supported on your franchise journey.