FAQ’s
Q: How many Franchise operations are there in the UK?
A: There are 781 active franchise systems in the UK. *
Q: What doe s the franchise sector turnover?
A: In 2006/7 the annual franchise industry turnover broke the £10 billion barrier*
Q: Who buys a franchise?
A: Two thirds of Franchisees were in salaried employment immediately before taking out their current franchise and nearly a quarter were self employed prior to franchising.*
Q: Are a lot of people involved in franchising?
A: Directly employed people in the sector rose to an estimated 371,600 in 2006/7 which was a 41% growth in the last decade*
Q: Why is it becoming so popular?
A: Not only are Franchisees their ‘own boss’ but 93% of them claim to be trading in the black – compare that to the level of business start-ups which fail in the first year.*
* source BFA / NatWest survey 2007
