Franchise
Development Services (FDS) has released figures showing a steep
increase in the number of people looking to invest in a franchise
opportunity.
During the course of 2012-13, more than 40,000 new investors signed up
to Franchise Development Services. That represents a 41% increase over a
two year period, and takes the total number of potential franchise
owners in the UK to in excess of 120,000.
The average liquid capital available to each of these individuals is
recorded at just over £43,000, representing an astonishing £5.2bn of
individual capital available for franchising in total. Add this to the
fact that banks will lend up to a further 70% on individual liquid
capital available, and that places the potential investment opportunity
of FDS-registered parties alone to be as high as £15bn.
In addition to growth in the number of investors seeking franchise
opportunities, FDS also recorded a significant increase in the number of
businesses actively looking to expand via franchising. More than 1,100
new franchise brands (franchisors) have registered with FDS during the
past two years, with the Consultancy identifying a 30% increase in the
total number of new franchisors that have come onto the market during
the same period.
Companies like Subway are planning to increase their number of
franchise outlets in the UK from 1,500 to 2,000 within the next five
years. Other brands like CeX now have well over 200 locations with their
retail operation in once used electronic gadgets and they are also
planning to double this number within the next five years.
Professor Roy Seaman, Founder & Chairman of Franchise Development
Services, believes that the current conditions in the UK and global
franchise markets provide a great opportunity for business to further
grow their brand.
He said: “Based on current figures, 2014 looks like being an extremely
promising year for UK and indeed global franchising. The number of
registered franchisors has risen steeply in the past two years, and we
have during that same period experienced the highest ever increase in
the total number of potential franchise owners.
This represents a great opportunity for the whole of the franchise
market to further grow their brands, and for new and exciting
entrepreneurs to set up their own businesses within the framework of an
already well-established business. If even a fraction of this potential
is realised in the UK franchise sector it could have a very positive
impact on the UK economy in 2014,” he added.
- See more at:
http://www.investortoday.co.uk/news_features/franchise-sector-holds-the-key-to-uk-economic-growth-in-2014#sthash.ni3svTjg.dpuf
Franchise
Development Services (FDS) has released figures showing a steep
increase in the number of people looking to invest in a franchise
opportunity.
During the course of 2012-13, more than 40,000 new investors signed up
to Franchise Development Services. That represents a 41% increase over a
two year period, and takes the total number of potential franchise
owners in the UK to in excess of 120,000.
The average liquid capital available to each of these individuals is
recorded at just over £43,000, representing an astonishing £5.2bn of
individual capital available for franchising in total. Add this to the
fact that banks will lend up to a further 70% on individual liquid
capital available, and that places the potential investment opportunity
of FDS-registered parties alone to be as high as £15bn.
In addition to growth in the number of investors seeking franchise
opportunities, FDS also recorded a significant increase in the number of
businesses actively looking to expand via franchising. More than 1,100
new franchise brands (franchisors) have registered with FDS during the
past two years, with the Consultancy identifying a 30% increase in the
total number of new franchisors that have come onto the market during
the same period.
Companies like Subway are planning to increase their number of
franchise outlets in the UK from 1,500 to 2,000 within the next five
years. Other brands like CeX now have well over 200 locations with their
retail operation in once used electronic gadgets and they are also
planning to double this number within the next five years.
Professor Roy Seaman, Founder & Chairman of Franchise Development
Services, believes that the current conditions in the UK and global
franchise markets provide a great opportunity for business to further
grow their brand.
He said: “Based on current figures, 2014 looks like being an extremely
promising year for UK and indeed global franchising. The number of
registered franchisors has risen steeply in the past two years, and we
have during that same period experienced the highest ever increase in
the total number of potential franchise owners.
This represents a great opportunity for the whole of the franchise
market to further grow their brands, and for new and exciting
entrepreneurs to set up their own businesses within the framework of an
already well-established business. If even a fraction of this potential
is realised in the UK franchise sector it could have a very positive
impact on the UK economy in 2014,” he added.
- See more at:
http://www.investortoday.co.uk/news_features/franchise-sector-holds-the-key-to-uk-economic-growth-in-2014#sthash.ni3svTjg.dpuf
Franchise
Development Services (FDS) has released figures showing a steep
increase in the number of people looking to invest in a franchise
opportunity.
During the course of 2012-13, more than 40,000 new investors signed up
to Franchise Development Services. That represents a 41% increase over a
two year period, and takes the total number of potential franchise
owners in the UK to in excess of 120,000.
The average liquid capital available to each of these individuals is
recorded at just over £43,000, representing an astonishing £5.2bn of
individual capital available for franchising in total. Add this to the
fact that banks will lend up to a further 70% on individual liquid
capital available, and that places the potential investment opportunity
of FDS-registered parties alone to be as high as £15bn.
In addition to growth in the number of investors seeking franchise
opportunities, FDS also recorded a significant increase in the number of
businesses actively looking to expand via franchising. More than 1,100
new franchise brands (franchisors) have registered with FDS during the
past two years, with the Consultancy identifying a 30% increase in the
total number of new franchisors that have come onto the market during
the same period.
Companies like Subway are planning to increase their number of
franchise outlets in the UK from 1,500 to 2,000 within the next five
years. Other brands like CeX now have well over 200 locations with their
retail operation in once used electronic gadgets and they are also
planning to double this number within the next five years.
Professor Roy Seaman, Founder & Chairman of Franchise Development
Services, believes that the current conditions in the UK and global
franchise markets provide a great opportunity for business to further
grow their brand.
He said: “Based on current figures, 2014 looks like being an extremely
promising year for UK and indeed global franchising. The number of
registered franchisors has risen steeply in the past two years, and we
have during that same period experienced the highest ever increase in
the total number of potential franchise owners.
This represents a great opportunity for the whole of the franchise
market to further grow their brands, and for new and exciting
entrepreneurs to set up their own businesses within the framework of an
already well-established business. If even a fraction of this potential
is realised in the UK franchise sector it could have a very positive
impact on the UK economy in 2014,” he added.
- See more at:
http://www.investortoday.co.uk/news_features/franchise-sector-holds-the-key-to-uk-economic-growth-in-2014#sthash.ni3svTjg.dpuf
Since the franchise business is booming in UK, it seems that right now is the best time to start franchising. UK is definitely a place worth studying, but I wouldn’t say that franchising every single business is a good idea; entrepreneurs should always be careful as to what they are planning on franchising. People tend to get overly enthusiastic when an opportunity arises, but they should always remember to analyze what they are doing and not be seduced by positive industry rankings or awards, these may be temporary. Fortune 500 franchise list can deceiving too, so invest in something that you are certain is going to work, invest in something you are familiar with, and invest in something you have knowledge of.
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