nvestors shared their perceptions of the UK franchise industry.
looking for in a franchise opportunity to what might hold them back f eveals important insights for franchisors!
THE L A TES T REP OR T S FR OM B US INES S ES IN FR ANC HI S ING NEWS&TRENDS
phic are looking at control their future and y of life. Franchising offers this.
A new generation of franchisees
The Franchise Exhibitions and
BusinessesForSale.com recently conducted a joint survey that revealed interesting new data about the age range and opinions of potential franchise investors Out of 335 respondents, 35% were
loyment status
ng franchisees and ndents indicates g appetite amongst pand their business nchising.
between the ages of 25 and 34, and 32% were aged between 35 and 44. This is a marked development on what has traditionally been considered a demographic in middle age – nearly 70% of prospects surveyed were a relatively young age group of 44 and under. Gen X and millennials and are actively turning to the franchise model, suggesting it presents a logical, viable route towards fi nancial security and stability. The survey also drew conclusions on the franchisor-franchisee dynamic. Most
respondents said a healthy relationship with the franchisor was 'very important', with the majority stating a franchisor’s commitment to the network succeed is a brand’s most attractive benefi t. An interesting insight revealed that
48% of respondents believe a brand’s commitment to corporate, social, and environmental responsibility is a key
18 - 24 25 - 34 35 - 44 45 - 54 55 - 64 65+
factor when deciding which franchise to invest
in.This refl ects consumer concerns verifi ed by a report by PWC*, where 83% of consumers believe companies should actively employ ESG (Environmental, Social And Corporate Governance) best practices. For the full survey data, visit
businessfranchise.com/news
Unemployed Employed
New Tim Hortons franchise model for the UK
ationship with a franchisor is mportant to prospective franchisees
Tim Hortons the Canadian, beverage-led QSR brand has announced plans to launch a new franchise model in the UK to expand its current portfolio of 75 restaurants. The cult Canadian brand, famous for its signature coffee, value breakfast items, made-to- order sandwiches and freshly baked donuts and ‘Timbits’, has created a refi ned operating model and robust infrastructure that the team is confi dent will help to expand the business through both drive-thru and high-street restaurants. Kevin Hydes, Chief Commercial
Offi cer of Tim Hortons franchise in the UK, said: “The reception here has been nothing short of extraordinary.
Neutral Disagree
quality range of beverages, donuts and made-to-order food has been our main priority, and now we also want to take that to more local communities across the nation at pace. “We continue to see high consumer
demand for the brand, with every opening exceeding commercial expectations, so we are confi dent that our strong market position and unique customer proposition of a beverage- led, quick-service restaurant, will be of huge interest and provide commercial
Strongly disagree
BUSINESSFRANCHISE.COM 9
value to our partners.” Founded as a single location in
Canada in 1964, Tim Hortons now has more than 4,700 system wide restaurants located in Canada, the United States, and around the world.
The brand has only grown in demand thanks to the support of loyal fans and excited newcomers ever since we opened our fi rst restaurant in Glasgow back in 2017. “Serving our guests the highest-
Business Owner (Self Existing franchise Recently made redun Student Retired
NEWS&TRENDS
*“Beyond compliance: Consumers and employees want business to do more on ESG”
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116
