Thinking About a Franchise Business?

– Start with the Facts.

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 out of every 25 adults is currently starting a business

U.S. SALES:

• More than $800 billion in annual sales
• 40.9% of all retail
• Total franchise sales over 2.3 Trillion to the economy
• Franchise Businesses have $660.9 Billion of annual payrolls or 12.5% of all private sector payrolls in the United States

FRANCHISE GROWTH:

• 1 in 12 business establishments is a franchise
• A new franchise opens every 8 minutes of every business day
• There are approximately 3000 different Franchisors (Franchise Business Companies) operating in the U.S today
• Over 900,000 Franchised businesses
• Over 300 Franchise Business Categories

EMPLOYMENT:

• More than 21 Million people are employed by franchise businesses or 15.3% of all U.S. jobs
• 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 cost of buying a franchise:

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.

• The average initial investment is $250,000, excluding Real Estate
• The average royalty fee paid by franchisees range from 6% to 10% of monthly gross sales
• The average length of a franchise contract is 10 years

Source – FranData