Future of Franchising the report for budding business owners

The franchise industry in the UK is looking strong with a wide variety of different franchised business opportunities available (over 900) to choose from.

In March 2016 Raconteur published their report on the industry, the Future of Franchising. An independent publication that discusses franchising under the following headlines:

• Franchising flourishes as revenues rocket
• Women and young people are now franchising
• International franchising is finding a home in the UK
• Franchising fast track to growth
• Weighing up the pros and cons of investing in a franchise
• How to raise funds to start a franchise
• Finding a franchise fit for your lifestyle
• It’s the international route to riches.

Published in association with The British Franchise Association, one of its aims is to help fly the franchise flag and educate people about the opportunities available, how the industry operates and why now is the time to get involved.

It’s a must read for anyone thinking about setting up or starting a business, either on their own or as a franchisee.

Here’s a taster of the opening paragraphs:

“British franchising businesses contributed more than £15 billion to the national economy last year, according to new figures from the industry’s trade group. 

A survey by the British Franchise Association (bfa) shows the industry’s turnover grew by 10.2 per cent over the past year and generated revenues equivalent to the cost of Europe’s largest construction project Crossrail. 

The figures are even more impressive when you consider that franchising represented less than £1 billion back in the early-eighties, but has been boosted by higher profitability and improved levels of awareness by UK plc. 

The success of the industry has been sufficient to attract some big hitters. Trevor Brocklebank, a former investment banker of 22 years and IT consultant, walked away from the City five years ago  and hasn’t looked back…”

For a snapshot of some of the franchising industry’s facts and figures visit our relevant page here.