Franchise International:
Franchising has contributed an estimated £14.4 billion to the UK economy in the last 12 months, according to a survey conducted by Franchise Development Services (FDS).
In its report ‘Franchising in the UK’, FDS found that UK franchise owners are achieving a 91.8 per cent success rate, with only 8.8 per cent of franchise owners report that they are not breaking even or better, and 61.7 per cent describe their businesses as ‘satisfactory’ or ‘highly profitable’.
Furthermore, optimism is high among the owners of franchised businesses with 98.6 per cent expecting to achieve growth in the next 12 months.