£11.4 billion: the non-too-shabby
total economic contribution of the UK's franchising activity in
82%: of all franchisees are married (though we can't promise that by starting one up you'll find the partner of your dreams).
48%: of franchisors recruit through their own website.
838: the total number of companies actively franchising in the UK. There's a franchise operation in almost any sector you can think of, though fast food and restaurant chains are the most common (think McDonald's, KFC, et al).
£15,000: avergage purchase costs for a
franchise. But new franchisees need an average of £50,400 for
everything needed to open.
467,000: the number of people employed in franchising in the UK - not far off 1% of the population.
£326,000: the average turnover of a franchise business.
47: the average age of franchisees.
42: the average age of a new franchisee.
17%: of new franchisees are Asian.
4%: are black.
7: the average number of people franchisors interview before they find the right candidate for each opportunity. You normally have to go through a series of interviews before being able to run a franchise - you are representing someone else's brand, after all.
278: the number of British-run franchise systems with an international presence.
75%: of UK
franchise systems, though, are headquarted in this country.
45%: the amount of franchisees who use information sites, such as whichfranchise.com when searching for information on franchisors. Whichfranchise.com and thebfa.org are the most widely used sites.
One third: the number of new franchise owners that are female.
NatWest has the longest established dedicated Franchise department of the banks and recently launched a £100m Franchise Fund in order to help boost the sector. This fund is endorsed by the British Franchise Association and is aimed at people looking to start up a franchise.
To help you on your business journey, we've created Smarta Business Builder, the complete online tools package for growing your business. Website Builder, Business Plans, Accounting Software, Legal Documents and Email - all in one place - from just £20 per month with no contract! Try it out today.