Franchising can be the perfect partnership of those who desire successful growth and those who possess capital and business acumen to take the brand to the next level. But is it right for you and your business?
Statistics from the 2016 British Franchise Association / NatWest franchise survey may persuade you that a franchise could be the viable route to business expansion for you. The survey reveals that the UK franchising industry contributes an impressive £15.1bn to the economy. That’s an increase of 46% over the last decade. Over 900 franchise systems have been identified in the UK with the average turnover exceeding £250,000 per annum for more than half of them.
What’s in it for you?
The industry has proven to be pretty recession proof with the ability to endure even the most uncertain of economic situations. However, the announcement of Britain’s exit from the EU has created more questions than answers for franchisors and franchisees alike. So, what makes franchising an obvious choice in these turbulent times?...