From photographer to franchisee with Venture Studios
Venture’s Eton studio was bought by Jonny Foster in 2012 from the existing franchisee. Prior to purchasing the studio Jonny had worked in Venture as a photographer, but he had always wanted to own and run his own studio.
“I’ve built Venture Eton up since I purchased the business, the studio team have worked incredibly hard over the last 5 years and am very proud to have been awarded the Studio of the Year three times since I bought it. With turnover averaging £650K a year we have always been one of the highest performing sales studios in the country.”
With a view to expanding his business portfolio, Jonny looked at alternative franchise models predominantly in the well-known fast food market over the last 6 months.
“I had no intention of leaving Venture, but I had learnt from my time in Venture that I enjoy working in a franchise environment, and I wanted to look at the potential returns from other franchise models. I went through the full assessment process with one of the biggest fast food franchises in the world, at which point they shared full financial information relating to set up costs and potential return. Based on this it was apparent that I would have to spend hundreds of thousands of pounds to open at least two restaurants, in order to get the same return that I do from running a Venture franchise”.
Jonny Foster, Venture Eton