Here are some statistics from the annual NatWest/ bfa franchise survey that helps franchisors and franchisees understand what is going on in the franchise sector.
The survey has been undertaken for twenty five years and is one of the most important sources of information in regards to Franchising in the UK.
- Current figures estimate the franchise industry is worth £11.4billion
- With an increase of 3.6%, there are currently 838 franchise systems in the UK
- The franchising industry provides jobs for 467,000 people
- Each franchise business makes £326,000 on average
- The largest sector for franchise is the property service sector with personal services coming in second
- Franchisors state the that top form of recruitment comes from word of mouth with the internet following
- The number of franchisors who recruit using their own website is said to b 48%
- When recruiting, franchisors on average interview 7 people before they find the ideal candidate
- Of all the franchise systems used in the UK, 75% have their headquarters here
- A massive 85% of international franchises are based in the US or Canada
- When researching information on franchise opportunities, 45% of franchisees use websites like thebfa.org and whichfranchise.com
- There are 278 British run franchise systems that have an international presence
- On a personal level, 82% of franchisees are married and the average age of a franchisee is now 47.
- The percentage of new male franchisee recruits is 73% and the amount of graduates running franchise is 42%
To read the original article on the 2009 Franchise Statistics, click here
