Five reasons to invest in a low-cost franchise
Razzamataz Theatre Schools
We empower individuals to lead successful theatre schools, blending passion with purpose. Gain the flexibility to build a business on your terms and create a rewarding career in performing arts education!
Razzamataz Theatre Schools is a low-cost franchise, but the financial potential is enormous. We ask for a ￡9,995 investment to cover the franchise fee, plus your marketing and working capital. The potential return can be in the region of circa ￡300,000 plus annual turnover with a circa 70% gross profit.?A recent sale of a Razzamataz Theatre school was ￡200,000, not a bad return for a franchise fee that initially cost under ￡10,000!?
1/ Value for money?
No low-cost franchise should be cutting back on training and support. At Razzamataz, we only succeed if our franchisees are successful. One to one training, support calls, mentor sessions, webinars and Zooms with industry experts, regional meetings and an annual Conference, are just some of the ways in which we support franchisees.
2/ Getting funding?
Another advantage of a low-cost franchise is that it is easier to arrange funding. Razzamataz Theatre Schools has an excellent reputation with lenders, and we receive 70-80% funding from most high street banks, meaning that franchisees only fund circa ￡3-6,000 of their own cash.
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3/ It's not a job, it’s a business
Many franchisees can fund a low-cost franchise easily, but the same care and consideration should go into your decision to invest as if it were tens of thousands of pounds. Crucially, you are not buying a job, you are creating a thriving business. With that comes responsibility and commitment and you need to be prepared to put the time and effort into making it successful.?
4/ Growth potential?
A low-cost franchisee fee should not mean limited growth options. The Razzamataz business model is ideal for people that want to start small and then grow over the years. This has enabled many franchisees to transition out of their full or part-time job and concentrate on Razzamataz.?
5/ Living costs
At Razzamataz, one of the first things we will ask you is about your expectations of making money in the first year. We won’t take on people that have the franchise fee but who have not considered the capital to keep them going until the business starts to make enough profit to pay them a wage. As a reputable franchisor, we must know that you are able to live and pay your bills while building the business. ?