Most of us think about food when we hear the word "Halal", but halal franchises offer entry into a much more extensive range of industries.
Halal food is one of the fastest-growing trends for UK supermarkets and food manufacturers. Nestle, for example, have adopted halal food preparation in a big way; now accounting for 35% of its sales.
The term "halal" refers to actions and behaviours permitted by Islamic law, as prescribed by the Qu'ran. When "halal" is related to meat, it relates to the method of slaughter. However, halal franchises offer an impressive range of products and services, including cosmetics and fashion, healthcare, travel & tourism, and financial services.
Practicing Muslims currently account for 24% of the world’s population, with a global expenditure across lifestyle sectors in the region of $2.1 trillion.
Halal is a growing industrial trend with little sign of diminishing numbers. By 2060, there will be 3 billion Muslims (if the rate of global growth continues).
Franchising
Starting up in business is a notoriously risky activity, especially in well-established markets. So, if you’re looking to become your own boss or open up a new business in a new sector, franchising offers robust foundations from which to build your new empire.
When you set up your franchise business, you'll have the benefit of full training and ongoing support from the parent company. Regardless of the sector your halal franchise covers, you will benefit from the experience and expertise of an established business.
Franchising provides the benefit of a ready-to-go enterprise framework and the established branding that your future customers already recognise and trust. Inherit familiar branding to boost the curb appeal of your new business.
You've probably heard the expression: you can't buy a reputation. Well, in the case of franchising, you can. A healthy reputation is essential for any business to thrive, but new companies have to start from scratch and struggle while they build up their reputation.
Halal franchises offer the stability of an established reputation, helping you hit the ground running from the very start. Independent companies often struggle to build a customer base, and almost half go into receivership within the first three years.
In addition to branding and a reputation, you inherit access to the supply chain when you take on a halal franchise - a real boon for anyone starting up in business.
Facts About Halal Franchises
The halal food and drink sector is the largest category in terms of global consumption, but there’s a growing influence on fashion and cosmetics.
The halal approach to fashion is modest - favouring maximum body coverage. In the past, halal fashion has been the mainstay of independent, Asian-based designers, but the big international retailers and manufacturers are catching onto halal style. H&M Worldwide and Nike, for example, produce a range of athletic hijabs; while the spend of Muslim clothing is forecast to reach $361 billion by 2022.
The UK Muslim population currently stands at more than 4.1 million citizens and set to triple over the next three decades to 13 million by 2050.
The major UK supermarket chains all provide an ever-increasing selection of halal and halal-based products, including Asda, Sainsbury’s, and Tesco.
The global halal cosmetics market was worth over$16.3 billion in 2015, with an expectation of growth towards $52 billion by 2025. In general, halal cosmetics do not include alcohol or pork products.
Franchising Vs Independent
Banks tend to favour franchises because the foundations of the business have been proven sustainable and profitable, presenting less of a financial risk for a return on investment.
Independent companies, however, present more significant risks than franchises because they need to be built from the ground up. Many independent companies struggle to establish themselves in saturated markets; many going bust before they break even.
Franchising provides a ready-made supply chain and access to an existing client base, helping new businesses benefit from the hard-earned reputations of the parent company.
Halal Franchises
Explore our range of halal franchises, and get started in a profitable, sustainable business sector with the ongoing support of the parent company.
Find your brand new start with Franchise Direct.