If you have any other questions, please do not hesitate to contact us.
How much does the Franchise cost & what’s included?
Start-up costs:
The Best Magic Mirror Franchise – £19,000
We also recommend to have an initial minimum operating budget of £3,000
What the Franchise includes:
• Magic Mirror turnkey business in a box. Everything you need to start. Please request a Franchise opportunity brochure for more details
• Social Media advertising pack
• Website, Email and Hosting
• Mobile phone unique SIM number
• Laptop
• Business Start-Up Training;
Training will cover five core pillars to success:
1. How to deliver the best customer experience
2. Training and operational guidance on the magic mirror
3. Marketing and sales induction in order to maximise your exposure and generate leads
4. Explanation of the ongoing support package
5. How to continue growing your franchise business
In addition to this, one of our experienced team will invite you to attend two wedding or party events in order to show you how to engage with guests to ensure that the brand continues to deliver The Best Magic Mirror experience. For each event, you will receive £500, which is The Best Magic Mirror Franchise’s way of helping to support you in your early days.
Monthly Franchise Fees:
A 10% commission on the events that take place the previous month will be required moving forward. However, you will not pay any commission fees for 3 months. This is so we can help you fully prepare to be the best you can be. This fee also helps with marketing to make the brand more recognisable by giving it a stronger presence in the local and national community, which ultimately benefits all franchisees.
What the 10% fee covers:
• Business Development Manager support
• Full support with business consulting within each given area to further sales and business awareness
• Magic Mirror technical support
• Website hosting, email and technical support
• Sales leads (when available) from sister company The Best Photobooths
• Professional graphic design service
• Ongoing social media marketing support
• Social Media Advertising support
We will also supply you with £1000 worth of bookings supported by our Business Development Manager to help and support you at the events.
You will also need to factor the following day to day operational costs.
Please note these are just for guidance only and subject to change.
• Accounts & Payroll – £100 (+vat) per month
• Van hire – £250 (+vat) per month
• Booking software: £30 (+vat) per month
• Insurances: £150 (+vat) per month
• Advertising (Wedding Fairs / Social Media)
Why choose a franchise?
The franchise business model offers the franchisee the ability to grow under a common brand and share in the benefits of being a part of a larger group of business owners. … It offers a much higher chance of success than if you were to start your own business from scratch.
How does owning a franchise work?
A franchise grants you, the investor or franchisee the rights under a licence to replicate a successful business model and operate under an established brand name. You will be granted these rights for a fixed number of years and will receive initial training and ongoing support from your franchisor. In return you will pay an initial fee for the licence and a launch package containing everything that you need to get started as well as ongoing fees usually paid monthly.
How can I start a franchise with no money?
Considering Your Funding Options
- Seek franchisor financing. If required, we have a finance company that will lend you the money needed to purchase a franchise. …
- Pull equity from your home. …
- Find business partners. …
What are the advantages of becoming a franchise owner?
Franchises offer the independence of small business ownership supported by the benefits of a big business network. You don’t necessarily need business experience to run a franchise. … Franchises have a higher rate of success than start-up businesses. You may find it easier to secure finance for a franchise than a ‘stand alone’ start up.
What’s included in the Franchise?
Everything that you will need to start trading on your first day is included in our comprehensive package. Please request a Franchise Brochure for more details.
What software is provided?
We are privileged to be supported by the best Mirror Me software giants. Together with our partners of choice our dedicated support team will get you ready to shine with your new service. The support team will also remain available for you 24/7; before, during and after each event.
What support is provided?
From training to mentoring through to event support – you can feel assured that you have the best people behind you and your Magic Mirror business.
By being a franchisee you will also be able to access our creative design team to take away any initial concerns on how you will make the designs for your clients look amazing. This is something we know a lot of our competitors struggle to deliver.
Let’s face it, not everyone can afford a graphic designer, but now you’re part of the best Magic Mirrors family you will have access to the best designers.
This will also save you time and allow you to focus on building relationships and selling.
