The food and drink sector in the UK remains a solid contributor to the growth of our economy. The industry is already worth an estimated £30 billion a year and its consistent growth shows no signs of slowing.
Whilst the retail sector is in decline, us Brits are spending less money on ‘things’ and more money on experiences and spending time with friends. Much of that time is spent in cafes, restaurants, bars and fast food establishments, so there has never been a better time to get involved in the business of food. Regardless of whether you are looking to open a pizza place, smoothie bar or gourmet burger restaurant, the franchising opportunities are endless.
Many of the UK’s most recognisable chains are currently recruiting franchisees, including Subway, McDonalds, Vom Fass and Papa John’s. These are just examples of the many and varied global brands that are rapidly expanding thanks to the success of local franchises. With consumers ever increasing desire for new experiences, bringing a big name franchise to your local town could be your route to big profits.
Although there are perceived hurdles to starting a food franchise, such as health and safety requirements or machinery costs, the benefits greatly outweigh any upfront difficulties. The British public love eating out, especially at new but trusted establishments. Moreover, the abundance of cookbooks and online cooking tutorials means that there is an ever increasing desire for specialty ingredients and more novel ways to try and shop for food.
This has created the perfect environment for a franchise food business to thrive, with consistent growth and high demand. In addition, bringing a franchise to a smaller town means fewer competitors for business and cheaper rental costs, allowing you to maximise your profits.
If you think you are ready to start your food franchise, get in contact with us today to find out how we can help.