Prospective franchisees considering investing in a Razzamataz Theatre Schools franchise can opt not to pay the company’s upfront franchise fee of £7,995, in a move designed to give more people the opportunity to join the network.
All would-be franchisees require is £4,000 for the initial marketing launch and £5,000 working capital. The offer runs for the remainder of 2018.
Candidates who choose not to pay the upfront franchise fee will pay a 20 per cent management fee instead of 10 per cent over three years or nine terms.
Denise Hutton-Gosney, Razzamataz’s founder and managing director, says: “Over the years, we have seen candidates who would make excellent theatre school owners, but who didn’t have enough upfront finance.
“Razzamataz is an establish franchise, so we are able to offer a variety of joining opportunities that will suit a number of different people.”
Razzamataz has nearly 50 schools in the UK.
There are currently opportunities to take over existing schools in both Hackney in London and Reading.