Posted on 8 January 2016
Have you set yourself a New Year’s resolution? Perhaps you aim to make 2016 the year you take the leap towards owning your own business? Have you considered franchising? There really couldn’t be a better time to join!
New research published in the bfa/NatWest Franchise Survey 2015 has revealed that UK franchising contributed £15.1bn to the economy last year, and is operating at all-time highs in terms of turnover, employment and numbers of franchisee-owned businesses.
The number of franchisee-owned businesses topped 44,000 in 2015, with 97 per cent reporting profitability and more than half turning over in excess of £250,000.
Brian Smart, director general of the bfa, said: “Good franchising continues to deliver serious dividends for Britain’s economy, creating businesses, jobs and wealth for local communities across the country. Established trends of strong profitability and very low failure rates over the last 20 years highlight the benefit of self-employment through franchising, a path that more and more individuals are taking.
“The outstanding performance of the sector, in good economic times and bad, shows the power of the franchise model and its impact on the UK’s business landscape increases each year.”
Andrew Taylor, NatWest head of leisure, retail and franchise, commented: “Franchise offers a truly compelling alternative to start up operations with global and national brands, tried and tested operating systems and processes, and huge marketing support, so it is no wonder we have seen a steady growth in entrepreneurs investing in franchises. This survey paints a picture of a sector in good health, with great potential and ambition.”
So why not consider joining the in-toto Kitchens franchise this year?
Not only that, but our franchisees and their customers now have access to new exciting products for 2016!
Find out even more about joining the in-toto family and setting up your new business. If you'd like to talk anything through, please give us a call on 0113 3608 729.Download our Franchise Brochure