The British Finance Association has an ambition to take value of the franchising sector in Scotland above the £1 billion mark.
The ambition was announced as the BFA outlined plans for the Scottish Franchise Week which will start on 9 September.
The BFA said that there was an implied turnover of franchising in Scotland currently of £800 million in 2018.
These are part of figures for 2018 suggesting that the industry was worth £17.2 billion to the British economy each year – a figure that is up by more than £2 billion since 2015.
UK franchising also employs around 710,000 people with just more than 50 per cent of those in full-time employment.
The Scottish Franchise Week will include seminars for both prospective franchisees and franchisers on Tuesday 10 September.
This will be followed by an educational forum and social evening on 11 September and on 12 September franchise opportunities will be presented at a business breakfast at the Radisson Blu Hotel in Glasgow on Thursday 12 September.
BFA CEO Pip Wilkins said: “There are so many opportunities in Scotland for a diverse range of franchising systems to thrive and I am particularly determined to ensure that we achieve a new record and boost the industry into the billions in Scotland as soon as possible.
“Franchisees across the UK are reporting 93 per cent profitability and six in 10 franchised units turn over more than £250,000.
“ I think this proves that the franchise model, if followed properly, leads to successful, sustainable and profitable businesses.
“We need to get this message out across Scotland and shout about the huge success stories.”
By Ken Symon