BFA Reports A Rise In Women Setting Up Franchises

Fresh Business Thinking:

The British Franchise Association (bfa) is today encouraged by results from a recent survey* proving that more women than ever, now own and operate their own businesses through franchising. With 835 franchise brands in the UK today employing over 467,000 people with an £11.4 billion turnover and a 90 per cent success rate; franchising has proven to be a growing and secure industry.

In the late 1990s just 20 per cent of total franchise owners in the UK were women, whereas today that figure stands at 27 per cent, with 34 per cent of all new franchise owners being women. When combined with statistics that the total number of franchise outlets has risen during that time from 21,500 to 34,600, this rise shows a significant increase.

However, Tom Endean, marketing manager at the bfa believes that there is still room for improvement; particularly in educating both men and women on the feasibility of franchising as well as encouraging more women to consider franchising as a viable, financially stable business option.

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