Business Format Franchising

Business Format Franchising

As we have already explained StreetCube is unlike any other franchise model available in the UK in that we allow you to have your own branding, put together your own menu and serve the food that you love to cook. Linking all of our Cubes will be the adherence to our ethos and principles of sustainability

Most people when asked can name a handful of franchised businesses. These tend to be within the food sector and have a visible high street presence. The franchise sector however is far larger than most people realise. The following facts are taken from the 2018 NatWest/British Franchise Association survey into franchising in the UK and illustrate how successful adopting a franchise structure is in developing a business.

  • Franchised businesses contribute £17.2 billion to the UK economy
  • This represents a 14% increase over the last 3 years (in a period where many independent businesses have declined or even failed)
  • Over 48,000 franchised units operate in the UK
  • Franchised businesses give employment to over 710,000 people
  • The catering sector has shown the 2nd highest growth (only surpassed by the retail sector)

All impressive facts however two of the most compelling statistics are that;

  • 93% of franchise businesses trade profitably
  • The percentage of franchised businesses that suffer commercial failure is 0.9% vastly lower than the figure for the non franchised sector.

This extremely low failure rate (although we prefer to call it an extremely high success rate) makes franchised businesses very attractive to banks and other lenders as the ‘risk factor’ is greatly reduced versus independent start ups.

By becoming a StreetCube Franchisee you will greatly enhance your chances of building a successful and profitable business with a strong future resale value.

Continue the Franchise Tour...

Next: The StreetCube Model