Launch your career
An introduction to franchising from the bfa’s director general, Brian Smart
T
HE BUSINESS
Franchise Directory
2009/10, produced in
collaboration with the British
Franchise Association (bfa);
the self-regulating governing
body for franchising in the UK,
is your indispensible guide to
franchising.
This directory only lists
franchisors that have passed
the stringent accreditation
processes involved in bfa
membership. The bfa is
the only representative
organisation for the industry
and one that has been
promoting and accrediting
excellence in franchising
since 1977. that franchisees bring to the you in business, earn profits
businesses, which they own on the trade that you do and
The 2009 NatWest/bfa and operate under that format. build a capital asset that you
Franchise Survey showed can resell.
the resilience of the industry, During 2008, the number of Introduction to franchising
despite businesses being hit franchisor brands increased to A franchise business can
with one of the most diffi cult 838; up from the 809 systems provide a prosperous and
economic conditions that recorded in the previous year. secure new life in the long term,
the UK has seen for many This increase in size was but you need to make sure that
years. The franchise industry refl ected in the increase in you choose correctly in the fi rst
contributed £11.4 billion to the franchised units to 34,600 place. There are questions to be
UK’s GDP in 2008, with overall creating 467,000 jobs. asked of both yourself and the
profi tability levels remaining franchise companies you are
strong, and in line with those When you join a franchise considering. So take advantage
recorded twelve months earlier. network and become a of the advice within these
The robustness of franchising franchisee, you will pay an pages and give yourself the
is attributed to the investment initial fee to establish your best possible start.
that franchisors make business using the brand and
developing and supporting format of your franchisor. For more information contact
their business format and the You will pay continuing fees the bfa on 01865 379 892 or
investment and enthusiasm for the support that will keep log on to
www.thebfa.org
5
p5 - BFD05_Brian Smart 09.indd 1 24/07/2009 10:23
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