Without fail, whenever I tell a franchisee candidate that they are over 800 franchise brands in the United Kingdom generating £12.8 Billion in revenue each year, they are surprised. Most are familiar with the fast food franchises, but few can think of many beyond this sector.
From the 2008 NatWest/BFA Franchise Survey, here are how things break down by industry:
- Hotels & Catering: 115
- Store Retailing: 101
- Personal Services: 159
- Property Sevices: 202
- Transportation & Vehicle Services:73
- Business & Commercial Services: 156
Surprisingly property services is the largest sector, accounting for nearly a quarter of the franchise brands. Much of this growth was due to the property boom -- however as the property market has cooled somewhat, it will be interesting to see how things develop in the years to come.
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