The benefits of franchising

There are many reasons why franchising is a great option for business. Not only are you entering a tried and tested business model, but also you need not worry about creating the brand, organising the advertising or finding the premises - the business is already there and ready for you to take charge. To add to the benefits of franchising, you have the support of the franchisor, but at the same time manage the business as your own boss.

Furthermore, according to the 2007 NatWest/bfa survey, the franchise industry is currently worth £10.8 billion and some 93 per cent of franchisees are running a profitable business.

What the experts say*:

"Commercial failure rates for franchisees are significantly lower than reported figures for independent businesses... The economic climate has altered many times over the years and franchising still remains an attractive option for both new and existing franchisors."
Richard Holden, Head of Franchising, Lloyds TSB

"Securing finance is likely to be easier than for a conventional start up... Franchising is not an ‘industry' as such, it is a way of doing business -the sector is therefore not overly dependent on, say, retail or real estate."
Cathryn Hayes, Head of Franchising, HSBC Bank plc

"There are now some very well known brands involved in the franchising, which is a good barometer of the strength of the industry."
Graeme Jones, Head of Franchising, NatWest and Royal Bank of Scotland

* Taken from an article published in Franchisor News, March 2008. Click here to view full article

Hear what the franchisees have to say...

Learn directly from both recent and experienced franchisees and find out how they have made the most of their franchise opportunities.