For many ambitious business owners, expanding their business is often hampered by lack of money, limited resources and too much day to day involvement within their operation.
However, for many companies, franchising an already successful business concept can be an excellent way of growing the brand and your income. What’s more, by expanding through franchising, the entrepreneur quickly increases brand awareness and harnesses the investment from franchisees to capture market share, improve buying power and increase sales and production of their products and services.
Franchised businesses nearly always out-perform non-franchised businesses and have proven to be generally more resilient, especially in tough economic times. The latest annual survey of the UK franchise sector, conducted by NatWest and the British Franchise Association, shows that the sector grew by £1 billion pounds in 2015 to contribute £15.1 billion to the UK economy.
Franchised businesses exist in almost every sector from food, retail and leisure, to education, gardening and even funeral services! Indeed, over 20% of all businesses in the UK are franchised and that figure rises to around 50% in the USA. Some of the biggest brands in the world are franchised taking advantage of the benefits of franchising to protect the model, grow sales and incorporate the added commitment you get from franchisees who have a financial stake in the brand.
So, if you have a business that you think could expand by franchising, call or email us for a free, no obligation initial consultation.