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Franchise Statistics |
- 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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Franchise Statistics | USA Franchise Statistics | |
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