Figured out: franchising

£11.4 billion: the non-too-shabby total economic contribution of the UK's franchising activity in 2008.

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.

 

Image: wordle.net

Resources

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.

You can find out more by visiting www.natwest.co.uk/franchising, www.rbs.co.uk/franchising or telephone 0800 092 9117.

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