Q: Do I need to be a photographer to qualify as a Franchisee?
A: No. We are looking for enthusiastic and talented people who certainly have a good appreciation of the art of photography but also possess great people skills, a healthy dose of business acumen and a desire to succeed in their own business.
Q: How much money will I need?
A: Broadly speaking, to purchase an existing franchise, you will need to fund the acquisition of the business (the price will be dependant on turnover and profit levels), the Initial Franchise Fee and some working capital. For a new studio, you will need to fund the fit out and pre-opening costs.
You will need to have £60K – 80K of liquid funds and the remaining capital can be borrowed (subject to normal lending requirements) from one of the major lending institutions. We can support you throughout this process.
Q: How much profit should I expect to make?
A: A well run Venture Studio will give you an exceptionally good return. Studios have been known to payback within 18 months and profit levels in well run studios (P.B.I.T) should be 15% at least.
Q: What assistance and support is given to new Franchisees?
A: A Commercial Manager will be assigned to you and will assist you throughout the acquisition / opening process. From opening, the Commercial Manager will be in your studio with you for a period of time and thereafter our Field Sales Team will provide you with ongoing support. Our training department provide opportunities for you and your team to further their training and development.
Q: What is the length of term of the Franchise Agreement
A. The agreement is for 5 years. Subject to the usual considerations and conditions, the Agreement is automatically renewed at no additional cost.
Q: What is the staff structure of a typical Venture studio?
A: Normally a studio will employ 3 or 4 photographers, a digital artist, a small diary management team (often part-time) plus some marketing / lead generation staff.