Franchise Statistics
Bi Annually the BFA and Natwest survey existing franchises they come up with loads of fascinating information but we think these are the current facts about franchising that you need to know.
- The contribution of franchising to the UK economy is now reckoned to be £15.1 billion, an increase of 46% over the past 10 years and up 10% since the last survey in 2013.
- The total number of people employed in franchising in the UK is 621,000, of which 321,000 are in full-time employment.
- The number of franchisee-owned businesses has increased by 14% in two years, to 44,200. On average, those businesses are also becoming larger as the sector matures.
- A record 97% of franchisee-owned units report profitability.
- Failure rates much lower than for other SMEs generally, only 0.2% of all franchises.
So what are you waiting for? Give us a call and get Your franchise started.