What are your options when it comes to financing a franchise? W ith almost 1,000 brands offering franchises across the UK, the model offers a huge range of options for individuals considering their next move. Although there are set fees payable and guidelines to be followed by a franchisee, the rewards can be significant. "Franchising is a proven business model with a much lower failure rate than other start-ups," says Pip Wilkins, chief executive of the British Franchise Association. "Over the past 20 years, the failure rate has been lower than 5% per year. Essentially, someone has already made the expensive mistakes so you don't have to." Upfront fees When taking on a franchise, an initial sum will have to be paid to the brand owner. The amount varies 105