- The Franchising
industry employs over 8 million people in the US.
- The annual
payroll for franchises is more than $229 billion.
- A new
franchise is 2.5 times more likely to succeed than a non-franchised
business.
- Franchising
generated more than 18 million jobs for Americans , one out
of every seven jobs in the private sector.
- Franchising
produces $1.53 trillion in total economic output
- Franchising
consists of over 760,000 establishments
- Did you
also know that more than 50% of retail and service revenue
in the United States come from franchised businesses?
- The franchise
industry is a huge part of our national and local economy.
- One out
of every 12 businesses is a franchised business.
- In 2000,
the median gross annual income, before taxes, of franchisees
was in the $75,000 to $124,000 range, with over 30% of franchisees
earning over $150,000 per year.
- One new
franchised business is opened every 8 minutes of every business
day.
- The newest
IFA study says that franchising is responsible for 760,000
businesses, 18 million jobs, 14 percent of the private sector
employment, over $500 billion in payroll!!
- Franchise
businesses account for almost 50% of all retail sales in the
United States and Canada.
- Franchise
businesses employ more than 8.6 million Americans
- A 1999
study by The U.S. Chamber of Commerce found that 86% of franchises
opened within the last five years were still under the same
ownership and 97% of them were still open for business.
- A United
States department of commerce study conducted from 1971 to
1997 showed that during that time less than 5% franchise businesses
were shut down each year.
- Compare
that to a U.S. Small Business Administration study conducted
from 1978 to 1998, which found that 62% of non franchised
businesses closed within the first 6 years of their existence
due to failure or bankruptcy.
- Total
sales by franchised businesses are expected to reach over
$2 trillion, this year.
- 1 out
of every 12 business is a franchise operation.
- A new
franchise business is opened every 8 minutes of every business
day.
- In 2000,
the median gross annual income, before taxes, of franchisees
was in the $74,000 to $125,000 range, with over 30% of franchisees
earning over $149,000 per year.
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