New franchise outlets to create thousands of jobs

Britain's fast-expanding franchise industry is set to create around 250,000 new jobs within the next 18 months, according to the country's leading franchise development company.

The news comes as the latest edition of The UK Franchise Directory is published which lists over 1,500 companies seeking to open 75,000 new outlets across the country.

Franchise Development Services (FDS), which publishes the directory, says that in a time of recession there has been an increasing number of individuals seeking to become their own bosses by becoming franchise owners.

Roy Seaman, founder and Managing Director of FDS, says a wide range of companies are looking for expansion through franchising.

"We are currently working with 75 large companies wanting to expand their franchise network.

"For instance Subway, the fast food outlet, wants to expand their network from 1,500 outlets in the UK to 3,000 in the next three years.

"CeX Complete Entertainment Exchange, which specialises in trading digital entertainment products directly with the public, wants to double their 100 franchised outlets in the country as quickly as possible.

"And our research indicates there are as many as 250,000 people considering owning a franchise. "Banks are much more willing to lend money to buy a franchise since they know that purchasers are moving into a proven business model and the odds on failure are nine to one against.

"NatWest/RBS have recently announced they have a £100 million fund to be made available to both companies seeking to expand by franchising as well as individuals who want to become a franchise owner, and they have special departments to offer advice.

"It is possible to become a franchise owner for as little as £10,000 whereas the larger retail brands can cost £250,000."

FDS also has experts to handle enquiries from individuals considering buying a franchise and this department has recently experienced a vastly increased volume of calls.

The UK Franchise Directory 24th edition is available for £25 post FREE and you can order your copy today by calling 01603 620301 or you can order online here!