Name value tops £5bn
Sunday 19 March 1995
The 11th annual survey also showed 87 per cent of the franchisees reporting profitable results, with 86 per cent saying they were profitable within the first two years of operation. The proportion reporting higher profitability than last year rose by 9 per cent to 52 per cent.
Asked about the year ahead, 89 per cent of the franchisors and 81 per cent of their franchisees said that they expected improved business. This was reflected in the finding that the proportion of definite loss-making franchisees had dropped to 3 per cent, which was less than half the figure for 1992.
Brian Smart, director of the British Franchise Association, cited the importance of the franchise sector to the economy, saying it provides employment for 200,000 people and has proved to be the most successful way of starting new businesses.
London, with 16 per cent of Britain's franchise units, and the rest of the South-east, with another 15 per cent, continue to dominate the sector, although the South-west and West Midlands, each with 12 per cent, and the North-west, with 10 per cent, are also important.
On the international front, nearly half of the franchise systems questioned said that they plan to be operating in Europe by the end of the decade.
- 1 'Nasa Confirms Six Days of Darkness in December': No, they don't - it's a hoax
- 2 Canadian actor punched in face after 'Islamophobia' experiment goes wrong in wake of Ottawa shooting
- 3 Topshop at centre of row over body image as 'shocking' skinny mannequin photo goes viral
- 4 If you think Russell Brand’s new book is confused, you should read what his critics have to say about it
- 5 Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
'Nasa Confirms Six Days of Darkness in December': No, they don't - it's a hoax
Canadian actor punched in face after 'Islamophobia' experiment goes wrong in wake of Ottawa shooting
Topshop at centre of row over body image as 'shocking' skinny mannequin photo goes viral
Halloween 2014: From the Screaming Man of Pluckley to the 'White Lady' of the Tower of London - Britain's 20 most haunted places
Russian politician says Apple CEO Tim Cook 'should be banned' from country after coming out as gay
Pope Francis declares evolution and Big Bang theory are real and God is not 'a magician with a magic wand'
Huge surge in Ukip support after EU funding row, according to new poll
Ukip ‘exploiting grooming scandal’ to secure party’s first police chief
Nigel Farage: 'There’s nothing wrong with white people blacking up'
Maureen Lipman says 'she can't vote Labour while Ed Miliband is leader'
Muslims, immigration and teenage pregnancy: British people are ignorant about almost everything
iJobs Money & Business
£20000 - £23250 Per Annum pro rata: Clearwater People Solutions Ltd: Pro rata ...
£40 - 48k + Benefits: Guru Careers: We are seeking a Marketing Manager to join...
£45,000 - £65,000: Saxton Leigh: Our client is a well-known APAC Corporate and...
£60000 per annum: Ashdown Group: Compensation and Benefits Manager - Compensat...