Featured Franchises For Sale Norfolk

Latest Franchises For Sale Norfolk

Franchises For Sale In Norfolk

Franchising is a very popular option for anyone to start their own business in Norfolk. So today we will share some statistics around starting your own business by investing in a franchise opportunity. We hope these statistics can help you understand the kind of customer base. Which is in Norfolk and the economic growth Norfolk has seen within previous years in the united kingdom.

 

Statistics around Norfolk

We will now list some statistics around Norfolk to give you a feel for the area and the customer base.

  • According to Norfolk Insight the total population of Norfolk in 2019 was at a whopping 907,760 people.
  • The Norfolk population has also been forecasted to grow massively within the next few decades too since Norfolk Insight predicted that In 2041 the population should reach a staggering 1,002,300 people.
  • Also according to Plumpot Norfolk has a relatively young age range since the average age estimate for the average local in Norfolk was estimated at 43 back in 2018.

How franchising helps the economy?

We will now list some statistics below which were collected for the whole of the UK in previous years. Even though these are not exclusively statistics collected in Norfolk. They still show what an important role franchising plays annually to the UK economy.

Franchising provides over 700,000 jobs across the UK
Franchising alone in the UK contributes to a staggering £17 billion to the UK economy.
Also franchising raises millions for its chosen charities annually.

What do these statistics show for franchising in the UK?

These statistics show even though franchising is great for anyone looking to run a business, But is worried if they are new. Franchising allows those people to achieve their dreams and run their own business and receive help from the franchisor step by step. Also franchising really helps the economy as you can see by reading the statistics shared above. So overall I would say franchising in the UK is a win, win.