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Significantly increase your success rate as the franchise owner of an established business. Franchising has increased by 44 percent in the UK during the last decade. Purchasing a franchise business offers a considerably higher success rate than starting your own new business.

www.businessconsultancyonestopshop.com business experts advise that the annual NatWest/bfa franchise survey monitors the performance, attitudes and opinions of the UK franchise sector and thereby builds up a larger picture of the contribution of franchising to the British economy. The 2008 survey highlights the following statistics.

The UK franchise industry is now estimated to be worth £12.4 billion. The overall number of franchise systems is 809, an increase of 3% on the past five years.  There are an estimated 383,000 people employed in franchising. The average (mean) turnover for a franchised business is £360,000. The vast majority (91%) of franchisees say their business is profitable. The amount borrowed to finance a franchise varies greatly between different franchises. The average is just below £70,000. Relationships between franchisees and franchisors are healthy, with 88% reporting satisfaction in their dealings. 65% of franchisors state the greatest hindrance to franchisor growth is the lack of suitable franchisees.

www.businessconsultancyonestopshop.com business experts are aware that property services is now the largest franchising sector with personal services the second largest. The number of British-run franchise systems with an international presence is 265 systems. Europe is clearly the favoured destination for franchisors with around a third (30%) claim to operate units on the continent. The most common method of expansion is through granting a master license (51%).

www.businessconsultancyonestopshop.com business experts advise the Nat West 2008 annual franchising report lists the following profile of UK Franchisees. 86% of all UK franchisees are married.  The average age of for a franchisee is now 47. 66% of new franchisee recruits are male.  The personal services sector has the largest proportion of female franchisees at 61%.  The number of graduates operating franchise units is 37%. A quarter of new entrants are of Asian background.

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