Franchise

[Green Pro Clean Ltd]

Called you today @Teaboy you never answered.

 

[Teaboy]

Great chat! See you next week [emoji1360]


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[Teaboy]

Great chat! See you next week [emoji1360]


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[Cghwindowcleaning]

I don't know any franchises that collect the money for you  if they did most would be vat registered and most I have seen are not 

when people buy in to franchise  they usually  get the amount of work there happy with  say 4K a month so the need for extra work isn't a high priority so mass marketing is a dead expense for them.They will normally require a turn over they are comftable with so the need for extra marketing isn't a necessity.

There are a number of people franchising on ciu there main expense is the legal documentation the work is generated by canversers and covered by the cost of the buy in fee the van and equipment is normally purchased by the person buying in to the franchise.

once up and running the company selling the franchise do very little for there 20%. Most use it as a retirement plan or way of slowing down.

 

[Guest]

How does the vat work with a franchise?

 

[Green Pro Clean Ltd]

I know two franchises that collect for their people and neither is VAT registered. 

 

[Green Pro Clean Ltd]

20% for all of that does seem really good. I wonder what collection methods they use. Must have everyone on gocardless etc.

We already only accept GoCardless. No reason not to.  There is no alternative anymore.  The time savings are already paying off.  Check 'job done' then submit worksheet and around a week later money is in bank. No faffing about. Love it. 

 

[Green Pro Clean Ltd]

How does the vat work with a franchise?

Pure assumption but I would think same as any other way based on turnover. 

Minute you're turning over £84k as a franchisee you gotta pay the VAT -- and most likely before deductions. 

 

[Part Timer]

Pure assumption but I would think same as any other way based on turnover. 

Minute you're turning over £84k as a franchisee you gotta pay the VAT -- and most likely before deductions. 

The local taxi company fought the VAT man on their account customers saying that each taxi driver was a sole trader and therefore they didn't have to apply VAT onto the fares. Guess who won the court case.