Modern franchising is home to a vast array of business sectors, both B2B and B2C, blue collar and white collar, from home-based operations to some of the world's most recognised brands. The chances are that most people use the services of a franchise business each week etiher personally or professionally, even if they don't realise it at the time.
Franchise industry statistics
Industry annual turnover: £15.1bn
Number of franchisor brands operating in the UK: 901
Number of franchisee outlets: 44,200
Number of people employed in franchising: 621,000
Percentage of units profitable (including new businesses): 97%
This has grown from an industry that 20 years ago had a turnover of just over £5 billion, had 379 different brands and represented 18,300 franchisee outlets.