|
|
 |
The International Franchise Association (IFA) Reports:
U.S. SALES:
Total franchise sales in 2000 were over $1 trillion.
Nearly 50% of all retail sales.
Doing business in 70 industries.
FRANCHISE GROWTH:
1 in 12 business establishments is a franchise.
A new franchise opens every 8 minutes of every business day.
There are approximately 3,300 Franchisors and over 500,000
franchise units.
EMPLOYMENT:
The total number of people employed by franchising is 8 million,
with 8 to 14 employed per business.
Franchised businesses create more than 170,000 new jobs each year.
SUCCESS STUDIES:According to the U.S. Commerce Department, fewer than 5% of
Franchises were terminated on an annual basis.
In a study by Arthur Anderson & Company of 366 franchise
companies, nearly 97% were still in business after 5 years.
In contrast, a study by the U.S. Small Business Administration
revealed that 62.2% of all new businesses failed within their first
6 years of business.
THE TRENDS:
Economic slowdown and skepticism about job security is driving
franchising.
The franchise industry is breaking away from the “Mom & Pop”
industry of the past and is being replaced by corporate executives.
Of all franchises today, 50% are multiple unit owners.
|
|
|
