Have a nibble on the Food Franchise Sector Pie
So, you’re looking to be your own boss? Well the best route for you to take is that of Franchising. Franchising offers so many benefits that include some of the following;
- Tried and tested model
- Reputable brand
- Support & Training services provided
- National and Regional Contracts in place
- The proof is in the pudding with existing franchisees
One of the most popular sectors within franchising is that of the Food & Beverage sector, this is the eye-catching sector that has the world-renowned brands such as McDonald’s and Subway within its core. Not only does the Food and Beverage franchise sector have strong brands bringing up its popularity, but it’s also a big contributor to the growth of the UK economy. This includes both National UK Franchise brands and those that have acquired International Master or Area Developer rights for the UK as well.
The Food and Drink sector in the UK contributed over £80 billion to the UK economy! The desire to eat out more or to use apps such as just eat or Deliveroo has only increased the profits made by food franchisees has helped maintain a steady flow even during difficult financial periods.
So, we know that food franchises can potentially deliver the lifestyle and financial rewards that you desire, but is there anything else to consider? Yes! Ensuring you have the current franchise territory for your store or kiosk is so crucial! If you’re not located on a stretch of road or high street that will attract enough footfall to supplement your desired sales, then ultimately you will fail. This is where the Franchisor should assist with the help of specialist franchise territory ‘allocators’ to ensure you choose a spot that meets all the requirements for your food franchise to succeed.
We already know that the food franchise sector is one of the largest industries around, and this is only enhanced through the unprecedent record of success this sector has witnessed and the fact that Food Franchisors provide franchisees with support and training to ensure they succeed and maintain the standards already set by the brand.
The food franchise sector is also renowned for attracting investors that are seeking to grow their franchise network into a multi-unit ownership, so many food franchises do offer the option to scale up as part of the franchise agreement.
As previously mentioned, this a sector that has a proven success as us Brits are allowing additional expenditure to contribute towards socialising and eating out. This can be in the form of Café Franchises, Restaurant Franchises, Bar Franchises and the ever-popular fast food franchise establishments. The Food and beverage sector is vast and offers you the opportunity to open anything from a smoothie bar to a fast food pizza delivery franchise, the franchise opportunities within this sector are impressively large.
Some points to consider when setting up a food franchise within the UK;
- Health & Safety requirements (and maintaining these)
- Finding the correct location (franchise territory mapping)
- Machinery costs
- Staff costs
The benefits do massively outweigh the points to consider above, and the financial return can be life changing. We just love eating out and enjoy time with our friends and loved ones and has provided an opportunity for Food franchises to thrive, with consistent growth and high demand for the services and products alike.
This sector is constantly adapting to trends and fads such as health eating and training products, it’s a sector that adapts and flourishes.
Please click here to view food franchise opportunities available within the UK