Franchising In UK

InfoFranchise.co.uk:

Franchising in UK represents the perfect tool to become a business man as 92% of franchisees claim to be profitable; there are 759 franchise systems in operation in the UK (increase of 6% in last 12 months), the average turnover for franchised business is £318,000 and nowadays more than 364,000 people are directly employed in franchising.

The United Kingdom hasn’t still adopted any kind of specific legislation which impacts franchising; as in other European countries, it has adopted the European Code of Ethics for franchising, promoted by the European Franchise Federation since 1972. As there is no specific legislation or regulation for franchising, the franchise agreement becomes all-important in determining the rights and obligations of the franchisor and the franchisee and the relationship between them.

English franchising system can trust on the British Franchise Association (BFA), born in 1977, as the major franchising companies in the UK decided to set up their own association, the BFA, to act in the interests of the industry as a whole in assessing and accrediting franchising companies as those which meet its criteria for the structure of the business, the terms of the contract between franchisor and franchisee, the testing of the system and its success as a franchise.

The most relevant British franchising business sectors are: fast food, motor distribution and hotels followed by insurance services, hairdressing to quick print and design, and video rental to roof thatching.