Franchising in Numbers

Franchising in numbersWe’ve been reading the latest copy of Elite Franchise magazine this month which inspired us to do a bit of number-based research into the franchise world. Franchising is big business. Take a look at these impressive numbers:

£13.4 billion annual turnover across the UK franchise industry;

929 franchisor brands operating in the UK;

594,000 people employed in franchising in the UK;

3.5% increase in the number of British brands turning to franchising last year.

Coupled with the fact that a new start up franchise business is more likely to survive the crucial first year of business when compared to a non franchised start up, it’s easy to understand why it’s on the up!