If you love motorcycle riding, you’ve probably daydreamed about riding a motorbike for a living. A professional racer or stunt rider is OK for some, but not everyone is keen to join motorcycle sports. Fortunately, that’s not the only way to make motorbikes a part of your everyday life. Lots of keen motorcyclists turn their love of riding into a day job by becoming instructors. Stepping into one of many motorcycle franchise business opportunities is a great way to get started. Below we take a look at the pros and cons of franchise opportunities in the UK.
Before you quit your day job, you should sit down to carefully consider if running a business is for you. Opening a motorcycle school in the UK from scratch means you’ll need to meet a number of criteria. There are minimum standards to meet before you even think about the safety gear and lessons you’ll offer.
A simpler way to begin is to open a school as a franchise UK. Phoenix Motorcycle Training is an approved training body and we help our franchisees through the entire set-up process. We help with lessons, booking CBT bike tests and all the other tasks around running your own motorcycle training business.
When investigating franchises, figure out if your personality traits are suited to being a successful small business owner. You should consider if accepting the support and rules that come with owning a franchise is your style. Finances are also a factor. Opening a franchise often requires less capital. You’ll need a fixed amount for starting up, which makes it easier to work to. Going it alone can end up costing way more before you break into profit.
Shop around and look into the facts and figures of the motorcycle training schools you’re interested in. Once you’ve narrowed it down to one or two franchise opportunities, interview the franchise seller like it matters. Go through the terms of the agreement with a fine-tooth comb. Ask any questions you need to, so you can make a decision that’s right for you. No question is ‘stupid’. And not asking questions could land you with a deal that doesn’t meet your expectations and leaves you unhappy. That’s not good for you or the franchise seller.
When you open a franchise there are some undeniable advantages over buying a standard UK business starting from scratch. You’ll begin trading on the reputation of the brand name you’ve bought into. This gives your new business instant credibility and recognition. In the case of Phoenix franchises that credibility is with customers and the DVSA. In the world of motorbike lessons, UK motorcycle licences and CBT bike tests, that’s a huge boost. The business network also does some marketing that you’ll benefit from. Things like manning stalls at motorcycle live and getting into motorcycle news on your behalf too. Customers feel like they already know who they are dealing with. Franchisees can take advantage of the track record created by the franchise owners who went before them.
You’ll still be your own boss and the master of your days, but you’ll have the support of an interested business network behind you. This network is able to support you in your early days as a franchise holder and you’ll be able to tap into their experience when situations you hadn’t expected or planned for pop up. Chances are someone in your network will have come across the same thing before and have the answer. So ask questions and lean on the group – that’s what they are there for.
Franchisees are given a clear map that’s already been explored – that means you’ll have systems in place, marketing help on hand and instant exposure to a wide customer base. With Phoenix, you’ll have a group of preferred suppliers that you can leverage discounts from thanks to the group of business owners that are behind you. Phoenix has a 95% success rate with their franchisees too, just one franchise has been lost from their network in the past five years.
For one side of a coin, there has to be another. There are a few downsides to being a franchise owner, but it is worth noting them. It’s no good going into a franchise agreement if you are determined to do things your way. Franchise agreements come with terms and conditions that require you to run your business in a way that has proven success. Different franchises have different levels of autonomy that they give their franchisees. Phoenix offers potential franchisees three levels of support and freedom, making it easier for someone who wants to run their own motorcycle training school to set up and choose what’s right for their business vision.
Being a franchise owner isn’t a case of sitting back and leaving the work to the franchisor or the rest of the network. You’re the boss of your days but what you put into your business is what you’ll get out. That means working hard to gain success and growing your area’s reputation.
Franchises aren’t a free ride, and they’re not free to set up and run either. You’ll need to buy into the franchise and then commit to a regular fee, usually paid yearly. Depending on who you choose to buy a franchise from, this could be a per cent of your profits or a flat yearly fee.
For first-time business owners, franchises can be a way to build confidence in their skills. Learn more about owning a franchise, get in touch today.