NEWS&TRENDS
More good news for the franchise industry
Did you know?
Franchising remains a key contributor to the UK economy, generating £19.1billion annually, finds The British Franchise Association in its latest report and franchise industry survey The sector’s financial health is reflected
in the average turnover per franchised unit, which sits at approximately £400,000. These figures demonstrate the viability and profitability of franchising, making it an appealing option for entrepreneurs looking to
invest in a reliable business model. Franchising has solidified its role as a crucial component of the UK economy, and recent statistics underline its resilience and continued growth, even amidst economic uncertainty. The latest industry survey data paints an optimistic picture of the sector, highlighting its substantial financial contributions, evolving trends, and positive outlook for the future.
Next big thing
The British & International Franchise Exhibition welcomes a wide variety of names in food & drink, including franchises offering: desserts, bakery, artisan chocolate, pizza, burgers, noodles, plus outlets that specialise in Indian, Italian and Southeast Asian cuisine, alongside coffee and other beverage franchises. Over the last few years, the growth of bubble tea franchise brands, in particular, has been noticeable… so what food retail trends might gain popularity in 2025 and beyond? Food fashion
forecasters are speculating on more overseas imports as well as other must-try trends for the near future. So will we see high-street brands delivering any of these predictions: More Asian-inspired flavours, there’s still focus on Korea, but also Vietnam and the Philippines
West African cuisine Gut-friendly health-centred ingredients
‘Luxury’ elements, such as truffle and caviar
Sustainability – with emphasis on ingredients used in season
Fermentation – not just kimchi; pickled everything!
1,009 – is the number of different franchise systems that operate in the UK, which is an all-time high 50,400+ individual franchise units are currently trading 87% of franchisors surveyed expect a financial upturn in the next year 40% of all franchisees are women – a significant rise from just 20% in 2005 £400,000 is the average turnover per franchised unit £19.1billion is generated annually by the franchise sector (as of 2024) 770,000 positions are created within the UK jobs market by the franchise industry 93% of franchisors surveyed report that their franchisees positively engage in discussions about the future of their business.
* These stats, along with further positive data and insights can be found in the British Franchise Journal 2024, researched and released by The British Franchise Association and NIC Services Group.
thebfa.org
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