Types of Franchise

A business format franchise, as described by the bfa (British Franchise Association) 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.’

According to the bfa Natwest Franchise Survey 2015, there are 901 franchise systems operating in the UK, which the survey categorises under the following broad categories:

• Hotel and Catering
• Store Retailing
• Personal Services
• Property Services
• Transport & Vehicle Services
• Business Communication Services

A multitude of sectors fall under each of these categories – in short the choice is vast!