Small Business Articles
United Kingdom Franchise Overview
The following statistics were conclusions gathered from the NatWest/BFA Franchise Survey 2003 Supplment and provides information on the status of the franchise industry in the United Kingdom.
Highlights
- 677 estimated franchise systems are operating in the UK
- 30,800 estimated franchisees - 1 % increase over the last 12 months
- Business format franchising revenue sales turnover increased by 3 % to an estimated £9.5 Billion
- Employment grew 22 % since 1997 Survey. An estimated 326,000 employed in franchising.
- 40% franchisors reported trouble in finding franchisees meeting their requirements.
- Newspapers and magazines were the most useful methods for recruiting franchisees; however the Internet was gaining in importance with the number of prospects using the Internet increasing dramatically.
- 91 % of franchisees claimed to be profitable.
Franchise Systems Inbound Into The UK Are Dominated By United States, France And Germany Franchisors
By Sector
- Store Retailing 24.1
- Hotels & Catering 14.8
- Personal Services 13.0
- Business & Communication Services 18.5 Property Services 18.5
- Transport and Vehicle Services 11.1
