Self-regulating governing body for UK’s Franchise business
With nearly half of the British public now preferring to make use of a franchise over a generic or non-franchised business, the industry employs well over 370,000 people and is worth an annual £10 billion to the country’s economy. This indeed is an exciting and booming time for this sector that is getting increasingly popular.
The UK market provides many lucrative franchise opportunities. The British Franchise Association (BFA) is the voluntary self-regulating governing body that oversees franchising industry and manages its growth. The association helps people to make a more informed decision regarding a franchise that best suits their temperament and interests. The association has also instituted annual awards for honouring the best in the business.
All of its members have been vetted against a stringent code of business practice. The members endeavour to be good and reliable franchisors that can ensure success for franchisees. The BFA has an Information Request facility, which makes it easy for prospective franchisees to contact any of its members or its professional advisors.