Raising finance for a franchise is often the biggest hurdle for anyone seeking to start a business in the UK. Find out what's involved as well as who to contact.
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Banks that can help you with finance
Franchise resales are existing individual UK businesses put up for sale by the franchisee who could be looking to retire, relocate or concentrate on other business interests. Rather than buying a franchise from scratch, you would be buying an established business and hence generating income from day 1.
Franchise Resales (more...)
Due to the complex nature of franchising in the UK you should take advice from an experienced franchise solicitor.
Legal Issues on Franchising (more...)
Directory of franchise solicitors (more...)
Many people who have lost their jobs due to down-sizing are turning the disaster of losing their job into an opportunity to start their own business. For many starting their own business is the only way of creating employment in the foreseeable future as well as being in control of their own success.
Read more at franchising-after-redundancy.com
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The following statistics were taken from the NatWest/bfa Franchise Survey 2008.
- The franchise industry is now estimated to be worth £11.4 billion
- 90% of franchisees claim to be profitable
- The average turnover for franchised businesses is £326,000
- An estimated 467,000 people are now directly employed in franchising
Read more latest UK franchise stats and figures
Major franchise events are taking place globally throughout the year. If you are looking to buy a franchise in another country or bring a new franchise system to the UK, then attending one of these events could be extremely worthwhile.
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Before joining Razzamataz, Catherine was a physical training instructor in the Royal Navy. She is now the mother of three young children and owner of two Razzamataz franchises in the South West.
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Attend a bfa accredited franchise seminar on the ins and outs of UK franchising including buying a franchise and how to evaluate UK Franchise opportunities.
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Many franchisors hold open days for prospective franchisees to help you assess whether their franchise opportunity is suitable for you
to see dates and venues click here
Got a question to ask...then why not contact our UK franchise experts. Here you can post your question free of charge to franchise industry experts covering raising finance, legal issues and franchise consultancy.
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The British Franchise Association’s ‘Franchisor of the Year Awards’, sponsored by Express Newspapers and HSBC, today announces its ‘Gold Award’ winner, Countrywide Grounds Maintenance. The awards demonstrate that even during an economic downturn there are still many business success stories to be told, with this year’s theme focused on ‘Today’s Foundations for Tomorrow’s Success’.
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Franchising your business can be a very successful way of expanding your business. Many of today's well-known brands have used franchising to finance and accelerate their growth into world brands.
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What is the bfa and what is its role?
The British Franchise Association (bfa) evolved from the franchise industry itself in 1977, as the only voluntary accreditation body for franchising in the UK. Its remit was and is to develop and continuously improve the standards of good practice in franchising and to accredit franchisors who meet these standards.
Read “the role of the bfa”
Read “why do franchisors join the bfa”
Read “bfa membership criteria & types”
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