It's important to ask questions when thinking about becoming a Brand Partner. Here are a few of the more frequently asked ones.
- Do I have to be qualified to apply?
- Are you going to franchise all of your practices?
- What type of franchise are you offering?
- How much will it cost me?
- What am I buying for the licence fee?
- Will Boots help me to secure the funding?
- Are there any ongoing costs?
- What support will I get from Boots Opticians?
- How do I set a franchise up?
- Can I become a Brand Partner in more than one practice?
- I'd like to run more than one practice from the beginning. What do I do?
- I'd like to apply for a franchise jointly with a business partner. Is this possible?
- I've a question about the application form/selection process. Can I speak to someone?
- Do I need to have the cash sitting in the bank to pay for a franchise?
- What is the management fee as a percentage and what do I get for that?
- What does the assessment centre involve and what would I need to prepare?
- So, how much could I expect to make?
No, you don't. However, if you're to succeed, you'll need to find a way of making the business model profitable for you. This is likely to be far more difficult if you don't have a professional qualification, especially in a smaller business.
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We will consider every application to franchise a practice.
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Our franchise is a "business format franchise". That is, we grant a Brand Partner the licence to trade as Boots Opticians for a period of time. For a definition of this type of deal, visit The British Franchise Association's website at www.thebfa.co.uk If you still have any specific questions, please select “request callback” from the left side of this page.
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The up-front licence fee will depend on the size and profitability of the practice you are buying. In addition, at the point of handover you'll need to purchase stock at cost price - and you'll need to fund the business set-up fees. Full costs will only be available during the business planning process.
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Essentially, you're buying the right to trade as Boots Opticians. This includes the use of premises and equipment, plus the established customer database within an agreed territory. In short, you're buying a ready-made business.
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No, but the business plan you have to develop is accepted by all major banks who support funding.
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Each month, you'll be charged an agreed percentage of your turnover as a management fee. This is to cover the cost of systems and services provided by Boots to support your business and includes: the computer infrastructure and system national marketing activity merchandising and show materials the support of a business development manager centralised professional support In addition, you'll take on all the costs associated with running a practice, such as rent, business rates, utilities and staff costs.
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You'll receive comprehensive start-up training to ensure that you're ready to launch your business and make a success of it. You’ll also have the ongoing support of a business development manager as well as the Central Franchise and Optics Teams.
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You'll need to set up your own registered company and trade as Boots Opticians. We'll give you the help and support you need to do this.
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We may be willing to consider a second practice when you have been trading successfully for at least 1 year.
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On the application form, indicate the locations in which you're interested rank them by preference - starting at 1 for your first choice.
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Yes. You should both apply separately, stating your intention to set up a business together. (If you want to give more than 25% share of your business to another person, they must make a joint application with you.) And you'll both have to successfully complete the selection process for the partnership to happen.
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You can request a callback from one of our Team. Please select "request callback".
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No. How you fund the purchase of the franchise is up to you. Many of the existing Brand Partners, having received advice from our financial advisors in this programme, have simply taken out a business loan which will be paid off over the period of the franchise.
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The fee you pay covers support from the centre including national marketing activity, professional services advice etc and use of the Boots brand. The level is determined by the underlying profitability of the practice you buy and can vary from XX% to YY% .
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The assessment centre involves two exercises, a competency based interview and a case study. We try to make the event as enjoyable as possible so you perform at your best. There is no specific preparation involved.
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Whilst every franchise is different, we have produced 2 examples of an indicative P&L account for a small free standing business and one for a large in store business.
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