According to the British Franchise Association (BFA), the market for buying a franchise is huge. Its January 2016 BFA/NatWest Franchise Survey reported that franchises in the UK were turning over around £15.1bn, through 44,200 franchised units with 621,000 people, 97 per cent of which were profitable.
It is possible to franchise pretty much any type of business – retail, service, or consultancy. In terms of the franchise sectors covered, the list is almost endless and this is one of the reasons why franchising is gaining popularity. The BFA offers a list of available opportunities which include – non-exhaustively – garden and landscape services, photographic services, fast food, hair and beauty, and pet care. The BFA offers a full list of available opportunities.
We’ve picked three of the main industries below and some examples of franchises that are available to buy.