{"id":28,"date":"2019-04-03T14:09:33","date_gmt":"2019-04-03T14:09:33","guid":{"rendered":"https:\/\/murphybusiness.com\/buckscounty\/become-a-franchisee\/franchise-opportunities\/"},"modified":"2019-04-03T14:09:33","modified_gmt":"2019-04-03T14:09:33","slug":"franchise-opportunities","status":"publish","type":"page","link":"https:\/\/murphybusiness.com\/buckscounty\/become-a-franchisee\/franchise-opportunities\/","title":{"rendered":"Franchise Opportunities"},"content":{"rendered":"<h2><strong>Thinking About a Franchise Business?<\/strong><\/h2>\n<h2><strong><em>&#8211; Start with the Facts.<\/em><\/strong><\/h2>\n<p>&nbsp;<\/p>\n<h3><strong>Are you researching whether or not a franchise opportunity is right for you?<\/strong><\/h3>\n<ul>\n<li>55% of all Americans want to be their own boss<\/li>\n<li>37% of all households are involved in small business<\/li>\n<li>70% of all high school students want to start a business<\/li>\n<li>1 out of every 25 adults is currently starting a business<\/li>\n<\/ul>\n<h3><strong>U.S. SALES:<\/strong><\/h3>\n<ul>\n<li>More than $800 billion in annual sales<\/li>\n<li>40.9% of all retail<\/li>\n<li>Total franchise sales over 2.3 Trillion to the economy<\/li>\n<li>Franchise Businesses have $660.9 Billion of annual payrolls or 12.5% of all private sector payrolls in the United States<\/li>\n<\/ul>\n<h3><strong>FRANCHISE GROWTH:<\/strong><\/h3>\n<ul>\n<li>1 in 12 business establishments is a franchise<\/li>\n<li>A new franchise opens every 8 minutes of every business day<\/li>\n<li>There are approximately 3000 different Franchisors (Franchise Business Companies) operating in the U.S today<\/li>\n<li>Over 900,000 Franchised businesses<\/li>\n<li>Over&nbsp;300 Franchise Business Categories<\/li>\n<\/ul>\n<h3><strong>EMPLOYMENT:<\/strong><\/h3>\n<ul>\n<li>More than 21 Million people are employed by franchise businesses or 15.3% of all U.S. jobs<\/li>\n<li>Franchised businesses create more than 170,000 new jobs each year<\/li>\n<\/ul>\n<h3><strong>SUCCESS STUDIES:<\/strong><\/h3>\n<ul>\n<li>According to the U.S. Commerce Department, fewer than 5% of Franchises were terminated on an annual basis<\/li>\n<li>In a study by Arthur Anderson &amp; Company of 366 franchise companies, nearly&nbsp;97% were still in business after 5 years<\/li>\n<li>In contrast, a study by the U.S. Small Business Administration revealed that&nbsp;62.2% of all new businesses failed within their first 6 years of business<\/li>\n<\/ul>\n<h2><strong>The cost of buying a franchise:<\/strong><\/h2>\n<p>Franchises are more affordable than you think. Typically $50,000 is needed to readily invest with the ability to finance the rest. Many finance options are available and we can help you find financing.<\/p>\n<table border=\"1\" cellpadding=\"0\" style=\"width:100%\">\n<tbody>\n<tr>\n<td>\n<h4 style=\"text-align: center;\"><strong>Average Initial Investment Range<\/strong><\/h4>\n<\/td>\n<td>\n<h4 style=\"text-align: center;\"><strong>Percentage<\/strong><\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\n<p>&nbsp;<\/p>\n<p><strong>Under $50,000<\/strong><\/p>\n<\/td>\n<td style=\"text-align: center;\">\n<p>&nbsp;<\/p>\n<p><strong>13%<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\n<p>&nbsp;<\/p>\n<p><strong>$50,001 to $100,000<\/strong><\/p>\n<\/td>\n<td style=\"text-align: center;\">\n<p>&nbsp;<\/p>\n<p><strong>17%<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\n<p>&nbsp;<\/p>\n<p><strong>$100,001 to $250,000<\/strong><\/p>\n<\/td>\n<td style=\"text-align: center;\">\n<p>&nbsp;<\/p>\n<p><strong>28%<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\n<p>&nbsp;<\/p>\n<p><strong>$250,001 to $500,000<\/strong><\/p>\n<\/td>\n<td style=\"text-align: center;\">\n<p>&nbsp;<\/p>\n<p><strong>23%<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\n<p>&nbsp;<\/p>\n<p><strong>Over $500,000<\/strong><\/p>\n<\/td>\n<td style=\"text-align: center;\">\n<p>&nbsp;<\/p>\n<p><strong>18%<\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<ul>\n<li>The average initial investment is $250,000, excluding Real Estate<\/li>\n<li>The average royalty fee paid by franchisees range from 6% to 10% of monthly gross sales<\/li>\n<li>The average length of a franchise contract is 10 years<\/li>\n<\/ul>\n<p><em><strong>Source &ndash; FranData<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thinking About a Franchise Business? &#8211; Start with the Facts. &nbsp; Are you researching whether or not a franchise opportunity is right for you? 55% of all Americans want to be their own boss 37% of all households are involved in small business 70% of all high school students want to start a business 1 &hellip; <a href=\"https:\/\/murphybusiness.com\/buckscounty\/become-a-franchisee\/franchise-opportunities\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Franchise Opportunities&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":11,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-28","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/murphybusiness.com\/buckscounty\/wp-json\/wp\/v2\/pages\/28","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/murphybusiness.com\/buckscounty\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/murphybusiness.com\/buckscounty\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/murphybusiness.com\/buckscounty\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/murphybusiness.com\/buckscounty\/wp-json\/wp\/v2\/comments?post=28"}],"version-history":[{"count":0,"href":"https:\/\/murphybusiness.com\/buckscounty\/wp-json\/wp\/v2\/pages\/28\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/murphybusiness.com\/buckscounty\/wp-json\/wp\/v2\/pages\/11"}],"wp:attachment":[{"href":"https:\/\/murphybusiness.com\/buckscounty\/wp-json\/wp\/v2\/media?parent=28"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}