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Paris Smith

5th January 2016

£15bn franchise sector hits record levels

5th January 2016

£15bn franchise sector hits record levels

Emily Sadler

Posted: 5th January 2016

T: 023 8048 2102

E: Email Me

The just published 2015 edition of the Natwest/Bfa Franchise Survey reports the following:

  • Franchising contributes £15.1bn to the UK economy
  • There are 44,000 franchisee owned outlets in the UK
  • The personal services sector has seen the most significant growth – from pet walking businesses to children’s swimming classes
  • 621,000 people are employed in the franchise sector
  • 97% franchised businesses report profitability and over half have a turnover of over £250,000
  • Subway is the biggest UK franchise, with over 2,000 units

We certainly saw a lot of activity in the sector during 2015, our busiest year yet for franchising instructions. We acted for both individuals looking to purchase a franchise and from those already running a successful business, looking to expand by way of franchising.

Paris Smith is an accredited professional advisor member of the British Franchise Association. For further information regarding franchising please contact me.

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Emily Sadler

Posted: 5th January 2016

T: 023 8048 2102

E: Email Me