Women in Franchising: Facts & Statistics
- A study by Natwest and the BFA shows that 23% of new franchisees in 2007 were female.
- The number of franchisors looking for women franchisees in particular has tripled since 1995.
- Over 30% of all new businesses in the UK are started by women - that’s over 130,000 businesses each year!
- According to the 2007 BFA franchising survey, 81% of franchisees are married.
- Banks and Financial institutions are the main sources of finance to female franchisees in the UK today. 68% of women view bank borrowing as a business tool to grow their business, compared to the 20% of men who actively avoid bank borrowing.
- Franchising is ideally suited to women! Research shows that 15% of women, in comparison to 5% of men own part-time businesses. Franchising gives women the opportunity to continue the childcare role at home, and provides them with the perfect balance between work and personal life.
- No experience necessary! 45% of female franchisees in the UK chose a franchise in a different industry from their previous jobs.
- Buying a franchise package includes all the training, help, and support needed to start your own successful business. This provides women with the opportunity to enter into a franchise business in which they have no previous experience.
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