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Franchising Facts
We know that, as a prospective franchisee, your major concern is security of your investment. Let us put your mind at ease with some facts and figures about the industry itself.
Franchising is a strategy that promotes the dynamic relationship of established business experience, know-how and the entrepreneurial spirit.
The result is a win-win situation!
*Taken from the United States Department of Commerce report.
**Taken from the Small Business Administrations records.
- The franchising concept is an American phenomenon.
- The industry has over $1.5 trillion in sales annually.
- 40% of all consumer purchases are made through a franchise.
- Less than 5% of the nation's franchises fail each year.*
- 80% of private businesses will eventually fail.**
- Franchising employs 9.7 million people.
- A new franchise opens somewhere in the U.S. every 8 minutes!
- Today, there are more than 760,000 franchised businesses.
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