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Best Event & Wedding Planning Franchises For UK Franchisees
The event planning industry – especially when it comes to privately held events like weddings – has always been a robust, vibrant space for investors. Needless to say, franchisees who enjoy working with people, taking challenges head on and adding real joy to their clients’ lives find immense satisfaction here.
Unlike other sectors like retail or fast food, we don’t have the problem of plenty here. We have listed some of the promising event and wedding planner franchise opportunities on this page.
Event Management And Planning Is A Bustling Sector
Event planning is a sector that has reinvented itself over the last few years. Most people and businesses now prefer to outsource their requirements directly to an agency, taking all the hassle out of their way – a fact the industry has well and truly capitalised on.
Take weddings, as an example. Over 250,000 weddings take place in the UK each year – nearly 70% of which are civil ceremonies that call for planning. An average wedding costs approximately £30,000, a significant part of which goes directly to the wedding planner agency. In short, there’s enough demand for new event & wedding planning franchises.
How Much Do Event And Wedding Planner Franchises Cost?
An end-to-end franchise in this sector will require you to invest upwards of £25,000 upfront. Such businesses usually handle every aspect of a wedding/event – from preparing guest lists to overseeing catering.
On the other hand, smaller, more specialty event and wedding planner franchise opportunities cost much less in initial investment – up to £10,000. Such businesses focus on specific areas of planning. Catering franchises are good examples.
What Will Be Your Role?
Running an event management franchise is all about being an efficient, effective and resourceful multitasker. Your role in the day-to-day operations of the business will be limited to maintaining communications within and outside of your team. Cultivating industry contacts is an important part of such businesses. If you hold some experience in managing a business on your own, you will enjoy running a wedding planner franchise.
Working Under Pressure
All successful event planners share a common trait – working well under pressure.
Much of your success will depend upon how well you keep your clients happy, despite pressing deadlines and last-minute change of plans/roadblocks. Being resourceful and ‘on-your-feet’ is the key.