People who decide to purchase a franchise are typically happy with
their decision. Three out of four franchise owners would recommend
franchising to others.
The
growth rate for franchise operations often surpasses the economy's
growth rate and thus, franchising is a sound career and/or investment
move.
Statistics
prove that one-fourth to one-third of all independently owned; non-franchised
business start-ups are discontinued in their first year of operation.
Almost two-thirds are discontinued in the first five years.
Franchising
represents more than 40 percent of all retail sales in North America,
and this number is expected to grow to over 50% by the start of
the 21st century.
Currently,
more than 700,000 franchise businesses operate in North America,
generating more than $1 trillion dollars in sales annually.
he
average franchisee owns three franchises, and averages $165,000
in net earnings. Today more than 10 million people are employed
by franchise establishments.
People who decide to purchase a franchise are typically happy with
their decision. Three out of four franchise owners would recommend
franchising to others.