The UK entertainment industry is thriving and continues to grow year-on-year. In 2017, the entertainment and media market was worth nearly £63 billion annually. Projections suggest that the sector will be worth £80.5bn by 2023.
Consumer spending on entertainment has been steadily growing since 2013 and includes the experience event sector and the world of internet advertising.
Entertainment franchises offer access to a wide variety of super-fun, exciting opportunities. Some of the most popular entertainment franchises include escape rooms, VR-experiences, and eSports.
If you’re looking to turn your daily grind into a rewarding and fun everyday experience, then an entertainment franchise could be a wise next step into self-employment.
Franchising
Entertainment franchises require specialist equipment and know-how. When you take on a franchise, you receive full training and on-going support from the parent company to help you sustain and grow your new business.
Starting up a new business is a risky pursuit, especially if you're entering into a well-established market. It takes several years to gather a reputation and to establish your business with a customer base. Franchising overcomes these problems by setting you up with instantly recognisable branding that carries the benefit of a strong reputation.
Franchise businesses are built on robust foundations, having already proven their business model and financial value in the marketplace. When you take on a franchise, you inherit a strong financial history, a reputation for excellence, and an existing customer base.
Franchising is a unique opportunity, providing the benefit of a ready-to-go enterprise framework. Inherit recognisable branding to help boost the curb appeal of your new business and bring a known logo to your local high street.
Facts About Entertainment Franchisese
Sports events have been running since the early 1970s - with an experimental event at Stanford University involving Spacewar - an early precursor to the Asteroids game that found worldwide acclaim in the 1980s. Marketed as an "intergalactic Spacewar Olympics", Stanford discovered a niche in gaming that has grown from strength to strength ever since.
PriceWaterhouseCoopers recently claimed that the entertainment industry - including eSports, VR- and event experiences - would be worth over £80 billion by 2023. In their report, they concluded that Virtual Reality experiences, internet advertising, and eSports were among the most profitable sub-sectors expected to expand in demand and size over the next decade.
Virtual Reality experiences are relatively inexpensive operations to run once you've invested in the basic infrastructure. They offer a completely immersive experience for the whole family.
Audiences for eSports events in recent years have been as large as 454 million online viewers - so there's a massive opportunity for advertising opportunities that will provide healthy revenue returns.
eSports events are organised, multiplayer video game competitions; played as a spectator sport for a crowd of keen enthusiasts. Comfortably existing between the physical and online spaces, eSports activities, contests, and events represent a unique lockdown-proof opportunity for a business that can spread joy, regardless of the political landscape.
Travel & Leisure franchisesare also a huge part of the entertainment franchise industry. Cruises and travel agents are popular and profitable franchise opportunities.
Franchising Vs Independent
Banks often favour franchises when it comes to assessing applications for start-up collateral because the foundations of the business are sustainable and have been proven profitable.
Independent companies, on the other hand, are distinctly riskier because they’re starting out life without a reputation, a proven business model, or a demonstrable market need. As a result, almost 50% of all UK independent companies struggle to establish themselves; many go into administration before they break even.
Franchising offers entry to an established supply chain and an existing client base, helping you hit the ground running.
Entertainment Franchises
Explore our range of entertainment franchises, and kickstart a super-fun business that's all about making other people happy!
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