Franchises are everywhere! Financial experts have indicated that franchising is the “wave of the future”.

Why choose a franchise?

• Franchise businesses account for nearly 50% of all retail sales in the United States.
• Franchise businesses employ more than 8.5 million Americans
• A 1999 study by The United States 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 U.S. department of commerce study conducted from 1971 to 1997 showed that during that time less than 5% of franchise businesses were closed 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, bankruptcy, etc.
• The Gallup Organization conducted a poll on franchisee’s ownership experience and attitudes and found that more than 90% said their expectations were met or mostly met, more than 90% said they considered their franchise to be successful, more than 65% said that they would have not been as successful if they had tried to open the same business on their own.
• Total sales by franchised businesses are projected to reach $2 trillion this year.
• 1 out of every 12 businesses is a franchised business.
• A new franchised business is opened every 8 minutes of every business day.
• 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.
  
  

“When you create your own destiny you prevent others from doing it for you.”