Simplicity is at the forefront of everything we do. We want our franchise owners to be crystal clear on exactly what they can expect from us, and what we expect from them – so we’ve worked hard to develop a model that is straightforward and easy to understand. The franchise fee for a Busylizzy® Family Club is low at £18,500 plus VAT. Our lean business model allows us to provide an affordable and profitable proposition for you. We don’t offer any discounts, because we think it’s already great value for money.
We have excellent relationships with the main high street banks and we can help you raise up to 70% of the required funding based upon our established, successful and replicable business model. You will need to have an excellent credit rating as our financial systems are robust and PCi compliant and do not withstand CCJ’s, Individual Voluntary Arrangements to manage personal debt or previous business liquidation.
Our fee structure is designed to be fair and ethical. We simply charge you 9.5% of your monthly sales turnover (+ VAT).
A contribution of 2.5% of your monthly sales turnover (+ VAT) goes towards our central marketing activity (big ticket items such as TV, Radio, or National Press). This activity is managed by a committee made up of Franchise Owners.
Our online class platform Busylizzy LIVE! is managed centrally for you and gives you an immediate platform to start trading in the virtual arena. All costs are split equally between all Busylizzy clubs. The more Busylizzy clubs in our network, the more classes and services we can offer our clients. It’s a win, win for everyone!
BANK CHARGES & MERCHANT FUND
Each month you will contribute 3% turnover to the 3rd party merchant provider who collects all debit and credit card fees and handles all online transactions and reporting – plus 20p per transaction. This frees you from the daily grind of administering your accounts leaving you time to promote and grow your membership.
We would recommend working capital in the region of £10,000 to pay for your venues & instructors whilst your membership model grows. You will be required to carry out a detailed business planning process which includes a cash-flow forecast and all related expenses (templates provided) to help you accurately assess the working capital required in your business to meet your targets.