In the early days, franchising focused in a limited number of markets – predominantly fast food, motor distribution and hotels – developing a degree of uniformity in each sector's structure and operation. Today, many different business sectors are represented from insurance services, hairdressing and quick print and design, to cleaning and care services and education. However, each business has its own characteristics – and pitfalls. Against this changing background, the bfa has developed quality standards and minimum operating requirements so that potential franchisees can be confident that our members and professional advisors are reputable and have met the bfa’s criteria for due diligence.
Further, the bfa:
- Defines the UK’s only recognised code of practice for ethical franchising, based on the European Code of Ethical Franchising
- Supports the industry’s annual research – the bfa NatWest Franchise Survey which underpins ethical franchising – and has done for 30 years
- Presents the industry’s two national awards each year – the bfa HSBC Franchisor and Franchisee Awards – and has done for over 20 years.
- Benchmarks quality in UK franchising with the introduction of the bfa’s Qualified Franchise Professional (QFP) qualification
Please note: Membership of the bfa, at any level, does not provide any warranty as to the likelihood of achievement of commercial success by any franchisee. As with any business venture, you must investigate every franchise proposal thoroughly before committing yourself. Therefore, we try to provide as much objective information as possible and help guide you towards the right information about franchising so that you can undertake your own due diligence.