With the outstanding support from NatWest, the bfa has built a detailed and long term franchise survey. It’s now in its 29th year of being released and the NatWest bfa franchise survey 2013 has set the mark across the UK franchise industry and this year’s survey continuous to show the exceptional work in this sector and the business model.
Below are some key facts from the NatWest bfa franchise release 2013 showing the statistics:
- Industry annual turnover: £13.7 billion
- Number of franchisor brands operating in the UK: 930
- Number of franchise outlets: 39,000
- Number of people employed in franchising: 561,000
- Percentage of units profitable (including new businesses): 92%
- Full-time employment tops 250,000 for the first time ever
From these statistics above it shows just how much the industry has grown. It was only 20 years ago when the turnover just reached over £5 billion, had 18,300 franchise outlets and 379 different brands. The NatWest bfa franchise survey release 2013 has generated excellent media attention for the UK franchising. Articles are already and expected to be printed in The Times, the Daily Mail and the Express, as well as the franchise press and other business media.
The NatWest bfa franchise survey 2013 has this year focused on the growth of franchising since 2008. The performance of the sector has greatly improved and continues to expand in spite of the economic pressures on the economy as a whole. It is expected from the statistics of the 2013 NatWest bfa franchise survey that franchisors expect 2014 to be better than 2013 as business confidence is now on the rise.