Garage franchise iAutoUK has signed up to the British Franchise Association, an accrediting body dedicated to ensuring good franchise standards in the UK.
In order to become an approved member iAutoUK had to demonstrate that its franchise agreement, support mechanisms and training met the BFA’s strict code of ethics. The Coventry-based business also had to demonstrate the robustness of its business model.
Set up in 2009, iAutoUK’s profits reached over £100,000 in the last financial year, with an annual turnover of just over £1m. Headed by former recruitment executive Andy Fox, the company launched its franchise operation last year. You can read CAT Magazine’s profile of the business here.
Owner Andy Fox said: “As a newly-launched franchise the first step for us was to gain a provisional-listed membership of the British Franchise Association. “The strict accreditation process the company had to go through sends a clear message to investors that the iAutoUK franchise operation is founded on good franchising practice.”
Brian Smart, director general of the BFA, said: “By joining the BFA as a provisional member, iAutoUK has undertaken to develop their franchise network from the outset in accordance with our strict set of criteria relating to best practice, operational procedures and franchisee support.
“This is an important and welcome first step towards their long-term commitment to ethical franchising.”