The BFA (British Franchise Association) is set to reveal the results of the first national franchise survey since 2018, at the beginning of October.

Founded in 1977 and with a strapline of ‘Discover Your Tomorrow', the BFA is the hub of franchising in the UK. The association strives to brighten people's futures, by showcasing the opportunities for businesses and individuals to transform their lives through franchising, whilst also providing an educational space and accreditations, governed by high standards and a code of ethics.

For the first time the survey, sponsored by NIC Services Group, will be housed in The British Franchise Journal, celebrating the results and including comment from prominent British franchise organisations. The Journal will available via the BFA website.

The industry statistics were collected via an independent research company where franchisors and franchisees from across the UK were questioned via an online survey, plus follow up interviews to ascertain certain key facts about the franchising industry.  The results will reveal, amongst other things, the current size and scope of the sector, the profitability of franchise businesses and the impact of COVID-19 on the industry.

The results of the industry research will be announced at a press launch at 08:30 on Friday 4^thOctober 2024 at the National Franchise Exhibition, held at the NEC in Birmingham.

John Spencer, Chairman ofsponsor NIC Services Group said: "As long-time supporter of the BFA we are delighted to be sponsoring the British Franchise Journal, and we look forward to sharing the results with the media and the franchising industry in a few weeks' time."

Pip Wilkins, CEO of the BFA (British Franchise Association) concurred: "It is so important to have these stats, and we are extremely grateful to NIC Services Group for their generous sponsorship which has allowed its completion. It is important for any industry to benchmark itself and we are all excited to share the figures at the launch in the National Franchise Exhibition in October."

ENDS                                                                                                                                                                                           SEPTEMBER 2024

Note:All press and media organisations are warmly invited to attend the press launch event at 0830 onFriday 4 October 2024 at the NEC in Birmingham. Pre-bookable interview slots will be available with appropriate spokespeople. To attend or to request a copy of our media launch pack that will include photos, press release, audio and video clips please contactlouisebruce@thebfa.org.

Notes to Editor 

• The British Franchise Association (BFA) is the voluntary self-regulating governing body for franchising formed in 1977 by the major franchising organisations looking to accredit and promote those franchise systems that meet the strict ethical and business criteria of a good franchise. 

• The term 'franchising' has been used to describe many different forms of business relationships, including licensing, distributor and agency arrangements. The more popular use of the term has arisen from the development of what is called 'business format franchising.'  

• Business format franchising is the granting of a license by one person (the franchisor) to another (the franchisee), which entitles the franchisee to trade under the trade mark/trade name of the franchisor and to make use of an entire package, comprising all the elements necessary to establish a previously untrained person in the business and to run it with continual assistance on a predetermined basis.  

• The BFA hold a full list of all of its members and the code of ethics to which these members adhere to on its website: www.thebfa.org. 

For any media enquiries please contact 01235 820470 or email:louisebruce@thebfa.orgorpress@thebfa.org

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British Franchise Association