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Italian Food Franchises
Why invest in a food franchise opportunity?
The food industry is huge in the UK. Especially when it comes to the restaurant sector in the UK. I will share some facts and statistics on why investing in a food franchise could be the best business decision you have ever made.
The restaurant industry is growing.
You may now be asking me why is this growing? Now I will quickly share some statistics around the restaurant industry in the UK and some of these statistics may surprise you on the huge growth the restaurant industry has seen in the last years.
Did you know?
- In 2017 consumer expenditure in the UK of cafes and restaurants reached close to £88 billion British pounds.
- The number of restaurants in the UK alone in 2018 reached up to 88.8 thousand.
- In 2018 the restaurant revenue increased to £39.9 billion in the UK.
What do these numbers show?
These statistics do show the profit in the restaurant industry is huge to the UK economy with the restaurant sector contributing just over £17 billion to the UK economy in 2018. So these statistics should hopefully give anyone looking to buy a food franchise a bit of inspiration.
Would buying a food franchise be right for you?
Now its the big decision you have to decide for yourself, Will be buying a food franchise be right for you. Of course you have seen the numbers and the steady growth and also how much it contributes to the UK economy annually but now you need to decide would it be right for you. Since if you are working in a restaurant environment its very important to work well in a team. But of course food franchises vary its not just restaurants it can be meals on wheels and even a food truck. So at the end of the day it all depends on your personal preference and business plan.
Is franchising good for the UK?
Now I will cover some quick statistics on how good franchising is for not just the franchisee or franchisor. Franchising can help anyone in the UK and i will share some stats now on why that is.
Did you know?
- Franchising contributes just over £17 billion pounds to the UK economy each year.
- Franchising in 2019 provided over 700,000 jobs and employment opportunities.
- Franchising each year raises up to millions for charities in the UK alone.
So hopefully after reading these stats it has helped you understand on why franchising helps the UK economy each year. So it also shows even though buying a franchise that is run right by the franchisee makes them a good profit, It also gives something back to the whole economy by providing job opportunities and raising money for charities and for people who need it most.
Thanks for reading.
Hopefully this little bit of information has helped anyone looking to sell or buy a food related franchise. Of course if food franchises are not your cup of tea, I highly suggest you browse through Franchise UK more. Since we offer franchise opportunities of over 60 different industries for purchase.