Why consider a franchise business opportunity?

If you want to be in business for yourself,
but not by yourself then franchising
may be the answer.

Many people dream of being self-employed, in control of their own future and reaping the rewards for their own efforts, but are wary of going it alone. The expense and uncertainty of setting up a new business can quickly offset the heady sense of freedom.

Franchising, however, can offer the best of both worlds, allowing you to be in business for yourself, but supported by a proven business model and an experienced support team behind you.

It’s not surprising therefore that statistically, franchising is significantly more secure than setting up a business from scratch. In fact, after five years, 93% of franchisees claim to be profitable, compared with just 20% of start-ups.

The benefits of investing in the right franchise should include:

• A proven business model with a mature brand identity
• Comprehensive training
• Professionally written and designed marketing materials
• Ongoing support from the franchisor
• A network of like-minded ‘colleagues’
• A good return on investment
• Long-term security

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Franchising Facts & Figures

• Industry Turnover: £11.4 billion
• Franchise Systems: 838 (increase of 3.6% on 2008)
• Total Employment: 467,000
• Average (mean) turnover: £326,000
• Profitability: 90% of all franchisees claim to be profitable
• Average startup costs: £50,400

Source: the NatWest/BFA Franchise Survey 2009