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FRANCHISE NEWS The latest reports from businesses in franchising


Scottish franchising worth nearly £1billion


n Did you know Scottish franchising could be worth as much as £1billion to the Scottish economy by 2020? The prediction from the British Franchise Association (bfa) has been announced as arrangements begin for Scottish Franchise Week 2016, which runs from 16-20 May. This year, Scottish Franchise Week (SFW) will be focusing on ‘unleashing the entrepreneur within’, refl ecting the ability of franchising to empower people to become their own boss. The week will celebrate franchise success stories from across Scotland and raise the profi le of the booming franchise sector through a series


of events and educational seminars. In 2015 franchising contributed £800million to the Scottish economy – that’s up 14 per cent in two years! Plus, the country is home to 2,200 franchisee- owned businesses that are collectively responsible for around 32,000 jobs. Pip Wilkins, chief executive of the bfa, said: “The franchising boom in Scotland is being driven by a thriving mix of local businesses alongside big-name brands identifying the Scottish market as key to their strategic plans. “They’re giving Scottish residents, many of whom had no previous experience of running a business, the opportunity to fulfi l


their ambitions of being their own boss, and those people in turn are creating jobs and generating wealth for their local communities. “There is also a superb franchise support network in Scotland with expert consultants, lawyers, accountants and bankers who have the expertise to help both franchisors and franchisees succeed in their businesses. With the level of confi dence in Scotland and the upward trend, there is no reason why the sector cannot achieve or even exceed £1billion in value by 2020.” Suzie McCaff erty, managing director of Platinum Wave and 2016 chairperson of the bfa’s Scottish Forum, commented: “There really couldn’t be a better time to get involved in franchising in Scotland, the market is growing as a result of continued investment, with some really exciting opportunities available. Whatever your interest in franchising, the events during Scottish Franchise Week have something for everyone. “From learning how to franchise your own business, to getting great advice on choosing the right franchise for you and becoming your own boss – if you are interested in franchising I can’t think of a better place to be; it’s a real showcase of the strength of the industry in Scotland right now!”


It could be you!


n Jason Ou and Isabella Zhang opened their Belvoir franchise in Kingston Upon Thames on 28 February 2014 and currently have two members of staff working with them. They have plans in the pipeline to expand their business in the near future and are currently searching for the opportunity of an acquisition, with the assistance and guidance from the support team at Belvoir’s central offi ce. Jason also has plans to


open another branch in couple of years time.


Isabella says: “Prior to joining Belvoir, Jason was in the motorcycle trading business, importing motorcycles from one of the biggest suppliers in China and selling them in the UK. I worked in an accountancy fi rm for seven years and trained to become an accountant. The experience helped us build a solid foundation to start our business. “After having our fi rst child we started to plan for the future and decided to relocate to London. Jason really wanted to get into the property industry as it is one of his passions but neither of us had any experience. After doing our research and meeting the teams at Belvoir’s central


offi ce, we decided to join Belvoir. We felt the company’s ethics matched our own – be proactive, be honest and provide the best service you can. “Joining


Belvoir was a huge commitment, physically, mentally and fi nancially, but both of us would happily do it again. Belvoir is there to support you if you need it but give you the freedom to own and run your business.”


Jason Ou and Isabella Zhang


8 | BusinessFranchise.com | June 2016


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