Advice for Franchisees with Orna Stokes
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Franchise Direct's Lillie Burroughs speaks to Ulster Bank's Orna Stokes.
Orna provides some background on the history of Ulster Bank and its prominence in the Irish market. Orna also speaks about Ulster Bank's involvement in the Irish franchise industry and its sponsorship of the Irish Franchise Awards.
Orna continues to speak about the benefits of franchising and how Ulster Bank can help in the provision of funding for the start up of a franchise business.
The average start up costs of starting up a franchise business in Ireland is €220,000 and this is made up of a number of different costs and fees. Orna recommends you have one third of these costs to start up your business. There can also be a number of ongoing costs and you should familiarise yourself with these fees before committing to a franchise agreement.
Orna recommends that you contact Ulster Bank as soon as you become interested in investing in a particular franchise opportunity as she believes that Ulster Bank can provide you with expert advice on making the right decisions.
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