B Regulatory body
The BFA T
founded in 1977.
Who are the BFA’s members The BFA is made up of franchisors, their franchisees, advisors (ie solicitors, banks, accountants) and suppliers (ie those delivering a product or service to the franchise sector)
How the BFA works The BFA has a strict Code of Ethics for Franchising to which all members pledge and by which their businesses are audited. This covers everything from how a franchise is allowed to market its opportunity, through to the legality of the franchise agreement, the training and the support they offer to franchisees initially, and on an ongoing basis.
What this means for prospective franchisees On application to join the association, a member’s business will be audited to ensure full compliance on every single area of the code. The BFA will also inspect the member’s fi nancial situation to ensure it is a viable business. A franchise must reapply for membership every two years, at which time repeat checks for compliance will be made.
Company founded: 1977
he BFA (British Franchise Association) is the UK’s self-regulatory body for franchising. The association was
This means that anyone looking to buy a
franchise from a current BFA member can be confi dent that the business model has been inspected and found to meet or exceed the standards as laid down in the Code of Ethics for Franchising. Despite this, prospective franchisees are
urged to carry out extensive personal due diligence on any franchise they are considering purchasing. Research should include, but is not limited to, fully researching the franchise opportunity; speaking to current franchisees; seeking independent legal advice from a specialist franchise solicitor.
Franchisee members Franchisees of BFA member franchisors are offered automatic free membership of the BFA.
BFA Services The BFA prides itself on offering an extensive range of services to their members, including regular online and in person networking and educational events. They also run a QFP ‘Qualifi ed Franchise Professional’ programme which many members take to demonstrate their enhanced knowledge of the franchising sector. They also run a number of ‘fl agship’ events including Empowering Women in Business and The British Franchise Awards.
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Address: Innovation Centre, 99 Park Drive, Milton Park, Abingdon, Oxfordshire OX14 4RY
Phone number: 01235 820 470
Email address:
mailroom@thebfa.org
Website:
thebfa.org
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