franchising was the business world’s best kept secret. In the 70’s franchising in the UK slowed dramatically, partly due to Pyramid schemes claiming to be franchises and tarnishing the reputation of the model. " />
child mortarboard gbp briefcase bath coffeecup tree twitter search crosshair fax house papers sort house-pound brochure list-items notes printer video-camera video virtual-video bath bed camera floorplan heart-empty heart-filled heart-empty-thin heart-filled-thin sofa calculator compass share clock list map-pen map-pin pencil save business-card letter phone heard people pointer cross linkedin google-plus facebook arrow-right close triangle-down my-wink my-wink-thick house-circle loading-spinner bell close-circle dog link pinterest school transport wardrobe arrow-up one two three four five six seven tick

The changing face of franchising

For many years franchising was the business world’s best kept secret. In the 70’s franchising in the UK slowed dramatically, partly due to Pyramid schemes claiming to be franchises and tarnishing the reputation of the model.

Since then the Pyramid scheme business model has been made illegal in many countries, including the UK. As such companies are no longer hiding the fact that they are a franchise - instead using it to their advantage to attract potential franchisees and expand their networks. Since a slight downturn in 2008, franchising in the UK is now a considerable and prosperous business model and has shown consistent growth in terms of numbers of brands franchising, numbers of franchisees, staff employed in franchised businesses and the overall turnover of the franchise sector.

Research consistently shows that circa 90% of franchisees these days report profitability and less than 4% of franchised businesses fail each year. Compared to a high failure rate of approximately half to two-thirds of independent start-up businesses, franchising is a proven and more resilient business model.

Below we highlight some key facts and figures from the UK franchise industry:

  • - Contributes £1.5billion to the UK economy
  • - Approximately 1,000 franchises in operation
  • - 621,000 people are employed in franchising
  • - 97% of franchises enjoy more than £250,000 turnover per annum

In 2018, the UK franchise industry has never been more affluent with the British Franchise Association seeing the model thrive and grow in both quality and reputation.

Winkworth franchising echoes these successes having seen seven new office openings in 2017 in key areas throughout the country. 2018 so far has produced four new offices, with another four in the pipeline, and six offices sold to new management. Winkworth new franchise enquiries are up 135% year on year and the quality of leads and conversion rates have risen.

The Office for Economic Co-operation and Development predict steady economic growth in 2019 despite challenges and uncertainty surrounding the Brexit deal. This is a good indication that franchising will continue to successfully grow and prosper as a stable and forefront business model throughout the UK.

If you would like to learn more about potentially becoming a Winkworth franchisee, get in contact with our new franchising team today for a confidential discussion.

Interested in knowing more about owning a Winkworth office?
Contact our New Franchising team

James Campbell | Gina Piper | 020 7355 0200

Sources: Franchise Direct/BFA/Natwest/OECD

Related posts

If you’re in it for the long term, then Winkworth could be for you.

Joining Winkworth as a franchisee has many benefits, such as the backing of a well-recognised and respected brand, being part of a family network and full back office support services. Being a franchisee can also be extremely rewarding both personally and financially, but it is a long-term commitment.

Read post

July 18, 2019

Have you got what it takes to be a Winkworth franchisee?

If you're considering making the investment into franchising, it's important to understand what it means to be a franchisee. Below we hear from Winkworth's new franchising manager, James Campbell, as he explains what it takes to be a Winkworth franchisee.

Read post

July 08, 2019

Winkworth New Franchising H1 2019 roundup

Ongoing uncertainty is still affecting the property market, but Winkworth’s new franchising team continue to work behind the scenes to maintain and strengthen its current network of 100 offices.

Read post

July 02, 2019

Find your Local Office

Find your Local Office

Speak to people who, quite simply, love their patch and love what they do.

Get a Free Valuation

Get a Free Valuation

Thinking of selling or letting your property, or just interested to know what it is worth nowadays?