SUBMISSIONS
All franchisor and franchisee entries must have been received by the bfa by 5pm on Friday, February 21.
You can submit your entry via email to the bfa by emailing: press@thebfa.org
You may also send it via registered post to:
Awards Entry, British Franchise Association, 85F Park Drive, Milton Park, Abingdon, OX14 4RY.
Please note that we must have received the entry in the post by the stipulated deadline.
CATEGORIES
Franchisors may enter any category where the criteria is met. Franchisees may enter a maximum of three categories per individual and one franchisee per category per brand.
COMPULSORY DATES
If you are shortlisted as a finalist, you must keep the following days free for judging and filming. You will be allocated a time slot if you are successful.
FRANCHISOR
Judging: April 6-7
Filming: April 27-May 1
FRANCHISEE
Judging: April 8-9
Filming: April 27-May 1
You will be notified within two weeks of the final entry close if you are successful as a finalist.
TERMS AND CONDITIONS
All of the bfa’s terms and conditions can be found on the bfa website.
If you have any questions, please call the office on 01235 820470.
Representing excellence in franchising
This is the ultimate award in UK franchising, not only will you be a strong advocate of ethical franchising you will have successfully evolved your business to deal with economic challenges and changing consumer demands. This accolade is not just about numbers, it encompasses all that and much more.
Not only will you demonstrate a passion and commitment to ethical franchising. You will be able to evidence strong infrastructure and support for your network; ensuring franchisees have the best environment to succeed and reach their full potential. Judges will be looking for strategies that stand out from the crowd, those that are going above and beyond and can convey this along with substantial evidence to support positive network impact. The entire franchisee lifecycle should be a priority, ensuring franchisees are not only embedded well into the system but ongoing engagement allows them to realise a good return on their investment through resale.
FULL MEMBERS ONLY
Building foundations for success
You will be a business that has shown a real passion for your brand and franchising from day one. Having recruited and supported at least 2 franchisees through their induction training and see them succeed, you will need to demonstrate implementation of a strong infrastructure that is built to sustain growth and detect risks. There will be plans in place to monitor and evaluate your franchisee’s performance to help them achieve their goals. You will be able to evidence careful consideration and due diligence during your journey into franchising. With all this in place the judges will be looking for a cutting edge marketing proposition and early signs of strong financial results to match.
FRANCHISORS in their first 5 years of franchising from point of recruiting the first franchisee.
* Must have operated the business in the franchise format for at least 12 months
* Must have 2 franchisees that have operated for at least 6 months and are performing in line with projections. P&L accounts of 2 franchisees must be submitted to evidence this.
Creating collaborative networks and common goals
You will be a business that has shown a real passion and commitment to your vision and values. Your people, franchisees and staff, will be at the heart of your business with clear and defined processes in place to ensure that everyone is singing from the same page. Judges will be looking for evidence that you have created a framework to ensure that ideas can be shared and that franchisees and staff are contributing to the growth of the overall business. How do you empower your people and ensure your business is able to thrive in a demanding consumer environment where constant change is required to stay ahead.
ALL FRANCHISORS
Winning the fight for survival
This is more than a new website, CRM system, an app or simply adopting a social marketing strategy. The judges want to hear what happens to the businesses when the going gets tough and the tough get tougher. What measures have you taken to turn your business around? Or simply ensure that it doesn’t fall fowl of technological advancements and digital strategies. How are you remaining relevant, fresh and reinventing your brands, networks and businesses to be fit for the next generation of consumers?
ALL FRANCHISORS
The International award for big brands with big plans
Judges are looking for strong International brands that have successfully expanded overseas from their country of origin. This cannot be a game of selling master licenses to make a quick buck, judges are looking for managed growth that has contributed to an increase in International brand value. It is key that the network of origin remained thriving during the expansion and strong international results can be evidenced.
ESTABLISHED FRANCHISORS THAT HAVE EXPANDED INTERNATIONALLY
*Accounts to support financial claims on international success will be required
Making franchising work for you
This award will showcase franchisees who may have bought into franchising to get a better work life balance or be their own boss and who, through their enterprising nature and determination to succeed, stand out from the crowd of other small business owners. The judges will be looking for strong franchisees who can demonstrate their passion, drive and commitment which has in turn led to exceptional results.
FRANCHISEES WITH A MAXIMUM TURNOVER OF £500k AND A MINIMUM TRADING TIME OF 24 MONTHS
The young guns in franchising
This award recognises that franchising isn’t all about experience. Judges will be looking for a franchisee under 35, who has established a profitable franchise although they may not have come from a business background. Finalists will be dynamic, driven individuals who have achieved success beyond their years.
FRANCHISEES UNDER 35
Community matters
The judges will be looking for a business owner that cares about more than just profits. This franchisee will understand the importance of making their business matter in their local community. You don’t have to be in care to care! We want to see what all sectors are doing to remain relevant to their local markets. Most importantly how are these making impacts on the bottom line?
All franchisees of bfa Members
Taking good to great
The finalists for this award will have purchased or taken over an existing successful franchise. Judges will be looking for businesses that have undergone significant transformation in order to achieve a new level of growth, profitability or efficiency. What changes have been implemented, how has it been done and what is the impact?
All franchisees of bfa Members that have taken over a successful existing franchise
Recognising the best in multi unit franchising
New for 2020, the HSBC best in class multi-unit leader is an award like no other, judges want to hear from franchisees that have built empires using franchising, they will have large portfolios and a central managed function to support. The judges are looking for a franchisee that has a clear passion for business and is a master of managing management teams. They will have developed trusted relationships with their franchisor(s) based on success and commitment to the brand. This will have not only enabled them to obtain expansion opportunities but may have also contributed to the growth and/or development of the overall franchise operation. Judges will be looking for franchisees to articulate the strategy that has enabled sustainable growth across their portfolio.
All multi – unit, multi-brand franchisees of any franchise brand with a minimum trading history of 3 years
Judges decision represents 30% of decision / people votes for the 70% decision
Whether you’re considering buying a franchise or looking to grow your business through franchising, find out how HSBC expertise could help you to do so with confidence.
HSBC’s experienced business managers can make fast, effective decisions, helping potential franchisors and franchisees to establish their businesses and build their success.
With over 30 years of experience in supporting the UK franchising industry, they know that franchising is about more than just making money. It’s also about creating strong and mutually-beneficial relationships.
HSBC works closely with the British Franchise Association and its members to encourage successful and ethical franchising.
We are a bank that’s open for business and continue to provide finance to many good quality franchisees, which has assisted them in the launch and growth of their business.
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