Business management

Franchising: take control of your business journey

Franchising has helped thousands of people to run their own business. If you’re considering this path, here’s what you need to know about your franchise business.

The franchising business model has the potential to transform lives. It provides people with the opportunity to do what they love, build a successful career and, most importantly, do it to suit their lifestyle.

According to the most recent survey commissioned by the British Franchise Association (BFA) and NatWest, there are more than 900 franchisor brands operating in the UK, with just over 44,000 franchisee outlets between them. The sector provides jobs for over 620,000 people and it turns over around £15.1bn a year.

The BFA says around 97% of franchisees have reported turning a profit for more than 20 years consecutively. As with any business, though, there is much to consider when choosing to become a franchisee. 

Six reasons why franchising might be right for you

  1. It’s a proven business format

  2. Everything’s already in place

  3. You’ll get training and ongoing support

  4. It’s already an established brand

  5. There’s a huge range of sectors to choose from

  6. There’s easier access to funding to get you started

What you need to know about choosing a franchise business

Accessing a franchised business as opposed to starting out on your own can significantly increase your chances of success. Why? Because, as the BFA points out, a franchise is a proven business model with a common brand – and anyone, without prior experience, can be taught to run the business.

To consider whether it is the right route into business for you:

  • choose a sector that you’re interested in

  • do your homework by speaking to as many operating franchisees as you can

  • discover whether the franchise runs a tight ship

  • understand any restrictions

  • learn about why franchisees fail

  • read the small print

If you are considering a future in franchising but aren’t sure if it’s right for you, we have more details in our guide below.

Download the report

Give your franchise business a firm foundation (PDF, 6821KB).

This material is published by NatWest Group plc (“NatWest Group”), for information purposes only and should not be regarded as providing any specific advice. Recipients should make their own independent evaluation of this information and no action should be taken, solely relying on it. This material should not be reproduced or disclosed without our consent. It is not intended for distribution in any jurisdiction in which this would be prohibited. Whilst this information is believed to be reliable, it has not been independently verified by NatWest Group and NatWest Group makes no representation or warranty (express or implied) of any kind, as regards the accuracy or completeness of this information, nor does it accept any responsibility or liability for any loss or damage arising in any way from any use made of or reliance placed on, this information. Unless otherwise stated, any views, forecasts, or estimates are solely those of NatWest Group, as of this date and are subject to change without notice. Copyright © NatWest Group. All rights reserved.

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