Franchising Fact*
Below are some franchising facts.
• Every year > $1 trillion in products and services are sold through franchises in the United States.
• 35% of all retail products and services are sold through franchises.
• There are over 650,000 individual franchise outlets in this country.
• A new franchise opens every 5 minutes.
• Over 300 different types of industries and businesses are franchising.
The Future of Franchising
• Conversions of Company-Owned Establishments to Franchising
• Fortune 1000 Companies will soon be enter into Franchising
• Large corporations will turn to franchising not only for its benefits but also to “keep” their best employees.
• International Franchising will catapult.
• Many U.S. companies will embrace franchising to expand overseas. More foreign companies with their desire to tap the huge American market, will start franchising in this country.
• Sales through franchise outlets are currently at $1 trillion in the U.S., expected to reach $2 trillion dollars by the year 2010.
• 35% of all retail and service sales come from franchise outlets. It is estimated to reach
40-50% by 2010.
• Currently there are 650,000 franchise units, it is predicted that by 2010 this number will reach 1,000,000.
• Approximately 5,000 companies franchise; due to the increasing awareness and popularity of the franchise concept, we expect this number to grow to 8,000 by the year 2010.
*Facts are subject to change and information is not necessarily up to date.
Please contact us for more information regarding our Franchising services.