recruiting and selecting them, and sets minimum and criteria of membership, including a
conditions for the terms of franchise agreements. commitment to abide by the rules and various
procedures of the Association. In addition, the
Disclosure: All bfa members agree that they will, franchisor can demonstrate a proven trading
in advance of any lasting contractual agreement, and franchising record, supported by audited
disclose without ambiguity to prospective accounts and evidence of a track record of
franchisees the information about their business successful franchising. The length of time the
that is material to the franchise agreement. franchised business has been in operation,
Members submit their offer documents to the and the changes in business and financial
association as part of the accreditation procedure. circumstances it must have survived before
it can be said to be “established” will vary
CATEGORIES OF MEMBERSHIP from sector to sector. The record on franchise
Every company listed in this guide meets the openings, withdrawals and failures (if any), as
criteria necessary to be accredited in one of these well as their trading and financial performance,
four categories: are factors in determining eligibility for Full
Full Membership confirms Membership, as is evidence
that the franchisor met all “The bfa developed that the business is not
the standards
standards to ensure
dependent on the income from
the sale of new franchises to
that potential
sustain itself.
Associate Membership is
franchises can continue for the franchisor that has
to give credence to bfa
not yet had the opportunity to
acquire the depth and breadth
accreditation”
of trading and franchising
experience that the passage of
time brings. Associate Members
are encouraged to upgrade to Full Membership
when they are ready to demonstrate longevity
and variety of experience.
Provisional Listing is available to businesses
with a successful trading record of at least
one year and that are in the process of
developing a franchised business (most often
with a pilot operation at this stage, whether
franchised or corporate). They will have offer
documents that are free of ambiguity and
misleading statements, and any direct or
indirect references to future possible earnings
will be objective and based on actual trading
experience. They will already have a franchise
agreement that meets the bfa’s Code of Ethics
and will be taking and applying appropriate
professional advice in the development
of the franchise proposition. Provisionally
Listed companies commit to complying with
the conditions of membership and work
to achieving the standards for Associate
Membership within two years.
Professional Affiliation to the bfa is open to
professional advisors who have been accredited
on the basis of their proven professional skills
and the successful application of those skills to
franchising. They undertake to ensure that the
advice on franchising that they provide to clients
is of a standard consistent with the aims and
objectives of the European Code of Ethics.
For more information, contact the British
Franchise Association on 01865 379 892 or
visit the website www.thebfa.org.
17
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