Franchise Consultants Open First North Office
A consultancy on franchising has opened its first North East office to cope with the high number of inquiries from companies looking to grow their business that way.
Manchester-based Franchise Development Services (FDS) Northern has set up shop in Sunderland to advise companies considering the franchising route to expand their business.
Franchising – taking an established brand and licensing it to other people to run as a business – contributed £12.4bn to the UK economy last year and the sector grew at a rate of 15%, statistics from the British Franchise Association (BFA) show.
Eddie Mulqueen, who worked in FDS’s Manchester office but has lived on Wearside for 30 years, is heading the consultancy’s North East operation. He said: “We are getting a lot of tentative inquiries in places where industries like the coalfields and shipyards declined and some people then started their own businesses.
“Now, over six, seven, eight years, they have developed their businesses and they are seriously considering franchising them.”
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