franchising attracts more and more employees looking for retraining

Becoming a boss: the idea always appeals to employees. If the average age of those who join a franchise network is 35 years old, Véronique Discours-Buhot, the president of the French Franchise Federation, notes the changes in recent years with in particular the arrival of more and more seniors. who, she said “are fed up with wage labor or are pushed out” and who therefore see opening a franchise business as a good way to end their career. “To put seniors back to work, does she sum upthe franchise is a good option!”. Remember that the system consists of taking advantage of the reputation of a brand and opening your own point of sale or your own business.

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For these profiles, franchising is often synonymous with retraining. More than three-quarters of those who decide to go into franchising are former employees and 43% have changed sector of activity on this occasion, according to the latest Banque Populaire study on the issue. The president of the French franchise federation sees many executives in retraining pushing the door of the networks, more and more women, and also, this is new, more and more young people, in the first part of their career. Many of them have a modest level of education, since we find 36% of these new entrepreneurs who only have a baccalaureate or less.

Franchising costs about 20,000 euros for a small personal services business that will not require real estate investment. This could be, for example, home delivery of meals for the elderly or home service via a large brand. It can climb to several hundred thousand euros for a large fast food chain or a supermarket.

Where to inquire?

The franchise fair is an opportunity to get information from lawyers or chartered accountants. For more guarantee, it is better to engage with networks that are members of the French Franchise Federation, which skims, based in particular on a code of ethics.