What do the British Franchise Association do?

The British Franchise Association (bfa) was established in 1977 and is the only voluntary self-accrediting body for the UK franchise sector. Its aim is to promote ethical franchising practice in the UK and help the industry develop credibility, influence and favourable circumstance for growth.

How many franchisors are in the UK?

There are an estimated 22,400 franchisees in total, with one in four running multiple units. UK franchisees employ 594,000 staff. Just under one third of franchises operating in the UK are members of the British Franchise Association (BFA). Franchising operates across nearly all sectors and is highly diversified.

What is the best franchise to own UK?

Top 100 Franchises in the UK 2019

How do I set up a franchise UK?

11 Key Steps for Opening a Franchise

1. Self-Evaluation. What appeals to you about opening a franchised business?
2. Pick a Franchise Consultant to Assist You (Optional)
3. Research.
4. Attend a Discovery Day.
5. Speak to Other Franchisees.
6. Find a Suitable Location.
7. Choose a Franchise and Secure Funding.
8. Sign the Agreement.

What percent of US businesses are franchises?

When reading the numbers, the industry’s impact becomes obvious. The first full U.S. Census Bureau report on franchising has found that franchise businesses accounted for 10.5 percent of all businesses with paid employees in 295 industries.

How many employees work for franchise?

8.43 million people
This statistic shows the number of employees in franchise establishments in the United States from 2007 to 2020. In 2019, an estimated number of 8.43 million people were employed by franchise businesses.

What is the most profitable franchise in UK?

The latest market figures show that owning a franchise from McDonald’s, KFC, SONIC or SPAR yields the highest returns. With their steady increase in gross sales, brand awareness and trustworthiness, these companies are at the top of all rankings as the most profitable franchises in the UK and beyond.

Are franchises worth it UK?

Franchisees take less financial and personal risks than a new business owner but enjoy a higher chance of turning over a healthy profit. The UK franchise industry is thriving at the moment. It has a net worth of £17.2 billion and creates 710,000 jobs annually.

Can you open a franchise with no experience?

Do you need previous experience owning a business to start a non-franchise business? No. You can learn skills useful in starting a business, such as financial and relationship management, in a variety of ways. Additionally, your franchisor will provide you with the necessary business management training.

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When was the British Franchise Association set up?

You also agree to receive further newsletter email marketing from What Franchise. Formed in 1977, the British Franchise Association is the body that protects and promotes good franchising practice in the UK and is recognised by government and internationally for its values and credibility.

Is the franchising industry regulated in the UK?

Franchising is not government regulated in the UK so there is no single organisation that regulates franchises. Quality Franchise Association is a not for profit, trade association that assists both franchise businesses & individuals that are interested in franchising to start their own business.

Why is the BFA important to the franchising industry?

Its aim is to promote ethical franchising practice in the UK and help the industry develop credibility, influence and favourable circumstance for growth. The bfa provides objective advice and information to prospective franchisees and franchisors. It is the trade association for franchising and the authoritative voice of the sector

Who are the winners of the British Franchise Awards?

An event created by the British Franchise Association and supported by HSBC UK, representing the changing business landscape and ever-growing need for strong leadership at both a franchisor and franchisee level! The bfa is excited to announce that… The winners of the 2019 bfa HSBC Franchise Awards were revealed on 27 June at the Vox, Birmingham.