UK Franchise Opportunities

The UK franchise industry

A franchise can be a great opportunity to run your own business. It can be a much quicker start up than a traditional business. You get the benefit of the franchisor’s market share, brand awareness, advertising, business management and know how – plus ongoing support from the franchisor.

The banks may be more willing to lend you money to fund your business if it is an established franchise and because the business is already established the risks of failure are likely to be reduced.

UK franchise opportunities: A sector showing record growth

The franchising industry is one synonymous with support and community, demonstrated in the 2018 bfa NatWest Franchise Survey, showing a 95% franchisee satisfaction rate.

• 48,600 franchised units in the UK
• up 10% since the last set of stats in 2015
• 60% turning over more than £250,000

People are seeing the benefits of owning a franchise unit, reflected in the fact that multi-unit ownership continues to rise (36%, up from 29% in 2015.

These impressive figures are the reason that banks tend to look upon franchising investments favourably, willing to lend up to 70% of the initial investment.

Franchise Advice

1. What is a franchise and what it means to be a franchisee
2. The questions to ask a franchisor when considering buying a franchise

Running a home-based franchise

Running a home-based franchise can be the perfect way to make money while keeping your costs down and keeping up with your busy life.

It can cost as little as £1,000 to start a minimum-investment franchise, compared to the massive amount you’d spend for a storefront, or launching and building your own business.

As a franchisee, you can be an entrepreneur in nearly any field that interests you by tapping into existing franchises from cleaning services to travel & leisure, from child care to tax accountants.

You get all the brand recognition and time-tested marketing strategies of a big business from the comfort of your own home.

In order to do it successfully, however, you will need to avoid making some common mistakes.