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The term franchising covers a variety of arrangement in which the owner of a product or service allows someone to use it in exchange for payment. In its widest sense franchising rights are granted to run railways, bus companies, airlines, hotels and broadcast radio and TV programmes.
However the most popular form of franchising is known as 'Business Format' which started in the USA in the late 19th Century. In the UK 'Business Format' franchising has its roots in the mid-1960's with the success of Wimpey, Kentucky Fried Chicken, Holiday Inns and Dyno-Rod Look at any high street now and you'll see McDonalds, Burger King, Prontaprint, Kall-Kwick, Body Shop to name a few! In fact nearly 40% of all retail shops are now part of a franchise operation.
It's now an important, impressive and rapidly growing market sector. the annual franchise turnover is over £38 billion with 'Business Format' accounting for over £8.2 billion. The industry has its own trade body, The British Franchise Association, which set the standards for the business conduct of its members. It works very closely with the European and International Association in setting codes of practice. the government is supportive of franchising and has appointed a parliamentary advisory group to look after the interests of the franchise industry.
What does all this mean to you?
It helps illustrate very clearly that franchising is not new or untried. It is a proven form of business activity that arguably removes many of the elements of risk that are always involved in the setting up and operation of a new business.
In essence that's what the Time For You domestic cleaning, Oven Wizards, and Bone-Dry Carpet Cleaning franchises are all about, helping you enter a new career in business in the cleaning industry with the backing and support needed to help you minimise your risk and achieve the maximum income and job satisfaction whilst building a saleable asset, and giving you financial security for your future.
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