Report Says 92% of UK Franchises Succeeded Last Year

Even in the middle of a global economic slowdown, buying a franchise remains a sure thing! If almost 92% of U.K. franchisees are making money in the current economy, the figure is sure to soar to 100% with just a modest uptick!

A new report into the UK's franchise sector has been published, revealing that franchised businesses achieved a 91.8 per cent success rate in the last 12 months. 'Franchising in the UK', published today by Franchise Development Services (FDS), is based on a survey which found that only 8.8 per cent of franchise owners report that they are not breaking even or better. 61.7 per cent describe their businesses as 'satisfactory' or 'highly profitable'. … "Franchising as a sector naturally outperforms the economy during any economic circumstances because it is based upon developing highly stable business concepts and replicating them across national networks of enthusiastic and motivated franchise owners," said Professor Roy Seaman, Chairman of FDS, which also publishes The Franchise Magazine. "In an economic downturn the difference becomes pronounced because so many franchised businesses continue to perform well while other businesses suffer. – The Franchise Magazine