Auditel Franchise

Firing on all cylinders

16th December 2009

In June 2009, Warwick-based Tim Latham launched a new career, joining Auditel, the cost & purchase management franchise. He spent 15 years in the automotive industry, working in various sales and marketing roles, most recently responsible for launching the award-winning Jaguar XF in the UK.

He relates: “I was a little frustrated by the corporate environment. I often thought about working for myself but didn’t have the ‘killer business idea’ or marketable experience to go it alone. I was drawn to franchising as a business format that I could use to achieve my goals, with a helping hand and reduced risk.”

My choice of franchise

 “As a professional white-collar opportunity, Auditel suited my skills and experience and scored well with other important attributes, such as low running costs and flexible geography. Also it is not being affected harshly in this economic downturn. The head office team and the existing franchisees all struck me as people I could identify with and would like to have as ‘colleagues’. This was a key factor.”

How I raised the finance

“I took a voluntary redundancy package from my previous employer, which helped a great deal with the franchise fee. A loan assisted with initial start up expenses and early cash flow pressures. My wife has a good career, which clearly eases the pressure to earn in the short term.”

The training and support I received from my franchisor

“The Sales Training was very strong, giving me confidence to talk about the Auditel service and its benefits to prospects. The Technical Training was less in my comfort zone, but gave me a good foundation that I have built upon as I learn in ‘real life’ projects. The ongoing support from head office and other consultants, especially my mentor is invaluable.”

Progress in the marketplace so far

“I’d probably give myself 8ish out of 10 so far. After some early successes, I had a tough few months but my hard work through that period is really starting to pay off. I have signed more clients recently and this has put me back ahead of my business plan.”

The challenges I have faced

“Leaving a big office environment to work from home has been less comfortable than I had imagined. I miss the human contact but it is another motivation to find and build relationships with clients. Having the sole responsibility for growing your business is significant and should not be underestimated. The inevitable ‘thanks but no thanks’ replies can be a drain, but the ‘yeses’ are a real high.”

My plans for the future

“I plan to keep growing to the point where I have too much work and have the ‘good problem’ of looking for help. This may involve bringing my wife into the business (our skills would complement each other very well), and even other staff. My father in law is already helping me! My long-term plan would be to build a small but profitable practice that could be sold on. I would then look for another new challenge ahead of an early/part time retirement!”

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Auditel Franchise Case Studies

A class act - two grammar school friends launch their Auditel franchise
9th March 2010
Andy Horn and Andy Harvey joined the Auditel network in December 2009. They have known each other since they were eleven years old, when...

Engineering a partnership with Auditel
3rd February 2010
Salisbury-based Steve Ray was formerly Production Director of the UK-arm of an Italian-based engineering company and joined Auditel in...

‘Over 50’s’ Franchisee Denis Brennan achieves great success with an Auditel Franchise
30th October 2009
Older entrepreneurs are a significant force behind the creation of new businesses. The National Endowment for Science, Technology and the...

Banking on an Auditel Franchise
26th October 2009
Banking veteran Gordon Brearly was convinced a franchising model would work for him and after extensive research decided on Auditel...

Auditel - integrity, professionalism and dedication
24th September 2009
Nottingham-based Philip and Pam Godwin joined Auditel in January 2009. Philip had been employed in a senior management role by one of the...

Auditel – the perfect franchise business model
5th June 2009
Auditel, who this year celebrate their 15th year as a white-collar franchise, is the UK’s leading home-based executive franchise...

Auditel: The Best Chance Of Success
15th April 2009
Auditel is the UK’s leading home business opportunity. Established in 1994, they have built a network of over a hundred and twenty...

Auditel score a six
7th October 2008
Auditel’s latest training course has just ended with six new franchisees extolling the high quality of the recruitment process and...

Auditel's Mike Andrews is on target and in control
5th September 2008
I’m in the fourth year of running my Auditel franchise and I have already achieved the goals I set when I first started my...

Gill enjoying flexibility an freedom with Auditel
7th March 2008
Security, flexibility and freedom from office politics Gillian Gibbon is one of a number of women who have already joined the Auditel...

A Double Million
18th October 2007
An Auditel cost and purchase management franchise based in Felixstowe, Suffolk, has just reached an amazing double million pound target....

Auditel - Pioneers in Cost and Purchase Management
2nd October 2007
Auditel offers the UK’s leading cost and purchase management business opportunity. Launched as a business format franchise in 1997,...

Happiness is running your own business
24th July 2007
People running their own businesses are almost twice as happy with their working life than those who are employed, according to a recent...

The £15,000 per month Auditel franchisee
17th May 2007
Chris has set himself a personal goal of achieving a billing figure of fifteen thousand pounds per month and is well on the way to this...

Further Information

Franchise Information

BFA Membership Status
Full

UK Years Established
15 years

Current UK Coverage
50%

Franchisee Support Staff
21

Personal Investment Req.
£14,000

Total Startup Cost
£34,900

Why Choose Us?

What Our Franchisees Say

Latest Case Study

9th March 2010
A class act - two grammar school friends launch their Auditel franchise

Latest News

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Special Feature

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