Have you decided to buy into a franchise? This is a very important financial decision to make.
Buying a franchise means starting a long-term business relationship. It is vital you take time to make the appropriate decisions and see if franchising is right for you.
Are you aware of all the costs?
After staff cost and rental cost, business rates are usually the third biggest cost for many franchises. As you probably are aware, if you use a building for non-domestic purposes, you are liable to pay business rates fees. That also includes franchisees.
Business rates are based on a property’s rateable values. Basically, it depends on the size and location of your business.
If you do not consider the business rates cost when buying a franchise, you can land yourself in financial trouble.
Not paying business rates can even end up with bailiff visits at your premises.
If you have any questions about business rates visit us
https://www.businessratehelp.co.uk or call: 01225 667 747
Business Rate Advisors Ltd – 5 stars review company