Franchising is a set up which involves you as a franchisee being able to trade, use the systems of and the proven models of the chosen franchisor. The franchisee is granted a license from Nicholas Humphreys to utilise the branding, specialist techniques and our unique business model to start your own business trading as Nicholas Humphreys in your chosen territory.
As a franchisee you will receive 1 month initial training from us split between our Franchise Head Office and time in our branches to experience practical, hands on situations. You will also receive ongoing support from us including a 2 month launch period with 3 days a week for the first month in your specific territory and further remote support from our franchise head office.
One of the main reasons for taking a franchise is that launching a start-up business as a franchise is seen as a less riskier option with the statistics showing that across the franchising sector 95% of franchises succeed comparing to only 15% if the business is a cold-start business without the backing of a franchisor. The banks also see franchising as an option with less-risk involved due to seeing previous successes of Nicholas Humphreys and will therefore look to lend up to 70% of the initial franchise fee and first years' costs, subject to personal credit and circumstances.
The British Franchise Association (BFA) alongside Natwest provide a Franchise Survey, showing the health of franchising in the UK:
The 2015 Franchise industry statistics are as follows:
Industry annual turnover: £15.1bn
Number of franchisor brands operating in the UK: 901
Number of franchisee outlets: 44,200
Number of people employed in franchising: 621,000
Percentage of units profitable (including new businesses): 97%
This has grown from an industry that 20 years ago had a turnover of just over £5 billion, had 379 different brands and represented 18,300 franchisee outlets.
See the full overview of the bfa/NatWest Franchise Survey 2015.
Nicholas Humphreys Estate and Lettings Agents are proud to be full members of the British Franchise Association.