Is there an age limit to become a franchisee?
No, please bear in mind however that loading vans and delivering vegboxes is physically demanding and the hours can be long, especially on a cold, dark winter’s morning (but, looking on the bright side you’ll be outside in the fresh air and sunshine during the summer too)!
Could I work a part time job at the same time as running a franchise?
Preferably not. We’re looking for people who not only share our values but who can also really commit 100% to growing their business in partnership with us.
Is a Riverford franchise more suitable to a partnership or sole operator?
Both! We’ve had successful franchises run by partnerships and single operators. However we’ve found that the
added support that being part of a partnership brings can help the business to grow and develop, especially in larger territories.
How long is a franchise lease for?
How long’s a cucumber? Our franchises are for five years, but if you’re successful there’ll be a further option to renew it. Whilst we’re looking for people to work with in the long-term you’re free to sell your franchise at any time if you want to. Please bear in mind though that this can take up to six months to complete.
What will I need to invest and what is the return?
The cost of an existing franchise is dependent on the size and current valuation of the territory. On top of the agreed investment price there is a £5,500 launch training fee. You'll also need funds for a van and livery, office equipment and some working capital.
How can I fund the purchase of a franchise?
We work closely with the main banks who are likely to be able to provide finance if you have a deposit of at least 30%. Contacting a franchise specific department of a bank will gain you a better repayment rate than going through your local branch. The franchise department will also be familiar with the Riverford franchise model and will have copies of Riverford’s annual accounts.
Do I need my own premises?
No, produce will be delivered to a chilled collection hub within your area or collected from the farm if nearby. All you need is a home computer and some storage space for business paperwork.
Do I have to live within territory?
Yes, as this will make it much more practical to market your business. It's also important that you live within 45 minutes of your collection hub.
Why do current franchisees choose to sell?
This can be for many reasons, retirement, moving away, change in personal circumstances or simply wanting a change in career.
When can I speak to an existing franchisee?
Once we have received your application and progressed you through the initial stages of our recruitment process, we will supply you with a contact list of our franchisees. We will also arrange for you to spend time out on the road and in the office with your local franchisee. Our franchisees will give an honest and true account of what running a Riverford franchise is like, so we encourage you to meet with them early on in your research stage.
Please contact us if you would like to find out more or call us on 01803 227380.