Franchise Sector still growing
The 2010 Nat West survey into the UK franchise market shows that the estimated annual turnover of the business format franchise sector is £11.8 billion. (£11.4 in the 2009 survey)
The proportion of franchisees reporting profitability in the survey was 89% (compared with 70% in the last recession of the 90’s). This is good news when looked at in conjunction with the low failure rates and recession on 2009, as only a 1% drop in the 2008 reported figure. |