Unsure about dipping your corporate toes in UK waters? Brian Duckett provides a score of good reasons to help you decide
1 The UK is a densely populated market with excellent infrastructure, good broadband connectivity and most cities in Europe are within a three-hour
flight. Beyond that, historical connections to the Middle East and the Commonwealth provide business introductions around the world.
2 Franchising has been established as a way of doing business in the UK for more than 40 years. There is a sound franchising infrastructure with a strong trade association and an experienced network of consultants, brokers, recruiters, lawyers, accountants and banks to help inbound businesses.
3 The latest British Franchise Association survey shows franchising continuing to grow. In the last two years, its net contribution to the economy has grown by over £2bn to £17.2bn; franchise units are at an all-time high at 48,600; and 710,000 people are employed in franchising, a rise of 89,000.
4 There are more female franchisees and more under 30-year-old franchisees than ever before. 37 per cent of new franchisees in the past two years
have been female, a huge rise of 20 per cent, and 30 per cent of all franchisees are now females. This is an important trend for those franchisors whose model favours female franchisees.
5 Multi-unit and multi-brand franchisees are also on the rise. Franchisees are reaping the rewards of a career in franchising as franchisors realise
that a good operator is a good operator and those skills can be harnessed to mutual benefit.
6 Setting up a business in the UK is a simple process and there is no specific franchise legislation. The self-developed and self-administered quality control processes within the franchising community have avoided many of the legal challenges seen elsewhere in the world.
7 Whatever the outcome of Brexit, there will be no restrictions on moving businesses from one country to another. A common language is a particular
advantage for businesses from English-speaking countries which are looking for a base from which to expand throughout Europe.
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