Ireland Franchise owners

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Interview with Simon Linscheid of Card Connection, Dublin

Card Connection is the market leader in Ireland for the franchised distribution of greeting cards. Dublin based, Simon Linscheid is one of Card Connection’s most successful franchisees and has almost doubled the size of his business within four years. He has grown his team to six employees and now supplies 250 retailers with Card Connection’s quality greetings cards and accessories.

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Ireland Franchise News

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High level of business failures every month drive more people to franchising

Up to 80% of businesses fail before they reach five years old. It’s no wonder that many people turn to franchising to be their own boss. In this article, Transworld Business Advisors, who have been working in the world of buying and selling businesses for over 30 years, give their 9 crucial steps to buying a franchise.

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New Franchise Resales Site

Moving to the US? Looking to buy a pre-owned franchise? Then visit our new site www.franchiseresales.com dedicated to the selling of pre-ownwed franchises in the US.

Franchising in Ireland

Turnover for franchising in Ireland is €2.419 billion which represents an increase of 15% since the last survey in 2006. The Irish franchise industry has created 4,086 operating franchise units and 42,927 full-time equivalent franchise jobs. In a time of economic downturn the franchise sector in Ireland has increased job creation figures every year since 2006.

The types of franchise businesses that exist in Ireland are varied with over half in the service sector, one-third in the retail sector and the minority of franchise opportunities being van based. In terms of the business sector in which franchise owners operate, the food and drink industry is the most popular comprising of over one-fifth of franchise owners. Nearly one-third have held a master franchise for three years or less, indicative of the continued growth in the sector.

Indigenous Irish franchises account for nearly one-fifth of the franchise market. Although this may be a small percentage currently, growth is evident as this has increased from 14 percent in 2006. When looking at the origin of franchise systems operating in Ireland, the UK has overtaken the US as the dominant player, accounting for over one-third of the market. An interesting finding is that new entrants from other countries such as Australia, Spain and the Far East have established themselves in the Irish franchise market.

The research showed that the average initial franchise fee for buying a franchise in Ireland is€24,638. The research also found that the average working capital for setting up a franchise business in Ireland is€21,873 and the total set-up cost is an average€124,330.

Franchising is now a significant contributor to new business start-ups throughout Ireland. There is nothing to suggest that this upward trend won't continue. On the contrary; franchising is making its mark around the world, as established franchise brands, and some newcomers, expand further and further into international markets, creating global brand awareness for themselves in the process.

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