Franchising in the UK employs over 710,000 people and features well known names such as McDonald’s, Domino’s and Enterprise Rent-A-Car. Generating sales of over £17.2 billion a year there are over 935 franchise’s to choose from.
Growth of franchising
Franchising is one of the fastest-growing and probably the most successful business systems ever created for the sole purpose of distributing products and services to the marketplace.
Since its inception into the UK, franchising has provided tremendous business opportunities to thousands of people and has created a breadth of business success throughout the UK.
In the UK, there are approximately 48,000 franchised units, employing over 710,000 people, generating some £17.2 billion in turnover p.a.
Start your journeyFranchise opportunities
There are extensive business opportunities in the world of franchising across a range of industries operating in both the B2C (business to consumer) and B2B (business to business) market sectors.
From printing to food retailing, from cleaning businesses to branded workwear, and ranging in price from £5,000 to hundreds of thousands of pounds.
There literally is something for everyone.
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Businesses for sale
Many of the longer established brands will have franchise owners who are looking to retire, and so there are always a number of franchised businesses for sale, which enables the buyer (for a higher cost) to get straight into running the business and generating an immediate and higher level of turnover.
That said the vast majority of people still prefer to buy a new territory with a franchise, creating their own business opportunities, starting from scratch and building their business success.
Service and support
If you were to start an independent business, you would be responsible for everything in that business, from sales to accounts, to advertising, to creating new products/services.
In a franchise, the franchisor provides a proven business system, including a brand and trademarks, plus their experience and know-how and a complete ‘back of house’ support structure – particularly in the areas of marketing, sales, procurement, finance etc.
In simple terms, a franchise is a licence to operate another’s proven system.
However, the magic of franchising is that it ‘marries’ an individual’s skills, expertise and ambitions with the intellect, systems and resources of the brand.
So, what is franchising?
Franchising is very much a marriage where two parties (the franchisor and the franchisee) bring their different skills/experience together to achieve a common aim.
Like marriage, franchising demands a degree of conformity, yet also encourages individuality.
A successful franchisee will comply with the franchisor’s business system, but by doing so this will enable the franchisee to achieve self-fulfilment.
With franchising you really are ‘in business for yourself, but not by yourself’
Is franchising for you?