Franchising - Frequently Asked Questions
Our franchisees at Thetford Forest
How long is the Franchise Agreement?
The initial term of the franchise agreement is ten years and all franchisees have a right to renew for an additional ten years at the expiration of this period at no additional charge, except a nominal amount to offset the franchisor's legal costs.
Do I need to have my own site already?
No. The franchise scheme is open to existing site and land owners who feel that they would benefit from becoming a "UK Club Site" and also to people without experience who are looking to enter the sector. In order to process the application from an existing site owner, we will evaluate your site to ascertain whether it will compliment our existing site network. For new entrants to the sector, the Club will work with you and help to identify suitable sites for acquisition.
How big a site do I need?
The Club is flexible on the size of the site, depending on location. Generally, all sites should be at least 50% touring pitches. In our business model, a site should have a minimum of around 50 touring pitches.
Does the Club offer any financial assistance?
No. However, we can guide you through the key funding decisions and introduce you to key lending institutions who have a working knowledge of the Club and its Franchise system.
How much capital will I require?
This will depend to a large extent on the acquisition costs of the site you intend to run as a Club Site and will depend on the location, size and condition of the site. To acquire a site on a freehold or leasehold basis, we estimate that you will need to be able to invest a minimum equity stake of £250,000.
The balance of your funding requirements should in most cases be available by way of a business loan or mortgage from one of the major banks, through one of the special financing packages we have negotiated. You should expect to provide around 30% of the total investment to be available in liquid assets before borrowing.
To find out more, please contact us
