Pictured above: (l-r) Domino's Franchisee Richard Johnson
with Patrick Wood from Fraser Brown
Nottingham-based Fraser Brown Solicitors has helped an East
Midlands entrepreneur to find his feet in the world of franchising
and become his own boss by providing advice on the purchase of two
Domino's Pizza stores.
Richard Johnson bought his first store, in the northwest town of
Southport, almost a year ago, after realising that franchising
could allow him to have the best of both worlds - the backing of a
big brand but the relative freedom of being his own boss.
At the start of 2010 he bought his second store, also in the
northwest, and is currently looking to take on a third, which he
hopes to have opened by the end of the summer.
Richard said, "A year ago I was at a crossroads - I had left my
job as an IT director and started a couple of businesses on my own.
It was time to decide whether to return to corporate life or try
and make a go of things on my own.
"It was then that I realised that by taking on a franchise I
could run my own business but with the support of a much bigger
organisation. Once I started looking for a suitable franchise
opportunity it soon became clear that Domino's was one of the
best.
"Because I was buying an existing franchise business there were
three parties involved in every transaction. I quickly realised
that I needed an expert to advise me on the legal side of things,
especially as this was my first foray into franchising. Fraser
Brown was listed on the British Franchise Association website and
Patrick Wood impressed me in our initial meeting with his knowledge
and expertise in the sector.
"Things have moved very quickly for me in the last twelve months
and Patrick has been able to advise every step of the way. Although
I'm now much more knowledgeable about these things, I still feel
you cannot underestimate the value of having a true expert on
board."
Patrick Wood, partner and head of franchising at Fraser Brown,
added, "Franchising is often an attractive option for those looking
to branch out on their own and despite the economic uncertainty
many banks are also still willing to lend on franchising activity.
Being a franchisee isn't an easy option - it takes as much
dedication and hard work as running any business - but Richard is
clearly dedicated to growing his portfolio and making his stores a
success."
Domino's Pizza is the leading player in the fast-growing pizza
delivery market and one of the most successful franchise businesses
in the world. The company is still growing today with more than
9,000 stores in over 60 countries.
Fraser Brown's franchising team advises on the whole range of
franchise-related legal issues, dealing with matters for small,
self managed businesses, medium-sized local and regional companies,
PLCs on a national basis and international franchise organisations.
Franchisees can also monitor the status of their lease and
other work being undertaken via live online matter tracking and
progress reports.