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just doing a bit of research. I wondered if anyone has any knowledge of either of these photography franchises:
Or is anyone already a franchisee?
All thoughts, comments welcome.
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no experience, just wondering how much they charge (rip you off) to buy into the franchise.
And is it one of those where they promise you an area and that your the only one, yet they have another 10 people with the same promise.
Can't see it being a cheap franchise, 5-10K ?
Found this about Red Hot Camera.
I was wrong the franchise isn't 5-10K it's 20-40K
personally I would avoid like the plague the only People that make out of these ventures are the Franchises.If you are a good competant Photographer and I'm sure you are then work off your on back
Just think of the training and equipment a fraction of the above amounts would buy you.
Check out Barrett & Coe.
Not exactly the cheapest but Andrew Coe reckons that he can take a complete novice to profit in 2 months because their training is so thorough.
The whole point of a franchise is that a novice doesn't have to invent his/her own wheels. That comes at a price but the business should be profitable straight away and the B&C success rate is near 100%. Bear in mind that over 80% of photographic businesses fail within the first year.
I knew there was a tremendous difference between RHC and Lime Studio for buying into the franchise. There are some tremendous differences between them both. RHC main selling point is their use of telescopic masts for aerial photography which are vehicle mounted. I dont want to give too much away but I can see a benefit there for me due to my background. Also Lime Studio do a half day training compared to a 2 or 3 week course for RHC and the promise of further training. So what you get for your money is substantially different but for 40K you would expect that.
I have done some research and RHC seem to be predominant in the SE I am in the NE and can find no trace of them up here.
I will check out B&C, thanks for the tip and giving me the reality check!
Still willing to listen to any other responders if people have anything to say.
A freind went into a similar francise last year cost £45,750.
He got a Ford connect van equipped with a 7.4 metre skyway mast and a list of estate agents within the home counties, it was implied that they were expecting him to contact them.
He had been told up to three weeks training would be provided and would he bring with him 20 x A4 colour prints of work he had done.
He duly arrived at an industrial unit in Birmingham showed his work to the manager who told him that his photos were good and that he didnt need any training.
He was issued with the keys to the van a 58 reg with 113,000 miles on the clock and sent on his way.
The estate agents he contacted had little if any interest in what he had to offer and had never heard of the company.
To date he has struggled to make any money let alone a profit
4 year old clapped out van 7.4 metre skyway mast and a list of estate agents for £45,750 nice profits for someone
Five grand for a 20 meter van pole, five grand for a van, a grand for fittings and extras, and a couple of grand for a 15 meter free standing pole.
Where does the 40K come in? that's a lot of cold (even warm) contacts if that's all they give you.
Sounds more like a money transfer - pure and simple - the other way!
IKKY - thats interesting, sounds like them. is your friend an ephoto member? Not the picture they portray on their web site. Following all these posts with great interest. Any one else?
Not a comment about the franchise, but have worked for an estate agent now for 13 years and they do all their own photography. On most properties, the margins are not big enough to get a company in to do the photographs. I don't know about some of the large city companies, but from talking to other companies, in house is the norm.
Before the economy crashed I was making a reasonable living doing property and commercial work (estate agents, developers, etc). I did their photography and produced high quality brochures for the top end properties. As soon as the property market stalled the agents that didn't go out of business cut their photography budgets right back and went back to taking their own (awful) photographs.
Some of the agents who do a lot of expensive property still use 'professionals' but the margins are very tight and it would be very difficult for a new business to break in to the market at this point. What makes it worse is that agents only get paid when the property eventually sells, so they can be very slow to pay their bills.
You may want to check out this book, its a download http://www.amazon.co.uk/Simple-Guide-Buying-Franchise-ebook/dp/B005EM714M/ref=sr... it helped me in not ploughing into a franchise too fast.
I would be very weary of any franchise that was not a well known brand name and one that would not deliver customers day one, You really have to weigh up how much business could you generate yourself if you spent that amount of money on a local marketing campaign dedicated to your business, remember if you buy a franchise you will still have to spend money on kit and marketing and your prices will have to reflect you getting your money back over and above your normal business.
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