By Suzie McCafferty, Managing Director of Platinum Wave Franchising
The UK franchise industry is in genuinely rude health. It generates over £15 billion in revenue and employs more than 620,000 people. There are in excess of 44,000 franchised outlets and 97 per cent of them are making money. Maybe you should think about franchising your business… or maybe you shouldn’t. Let’s take a closer look.
What can franchising help you achieve? The short answer is accelerated growth. Franchising can be a great way to grow your business relatively quickly and without as much capital expenditure as traditional expansion, so buying new sites and employing great managers and teams.