A FEW REASONS WHY FRANCHISING IS SO SUCCESSFUL
Landlords love franchises. With a 97% success rate, the franchise is the only tenant the property owner wants. Best locations = Most successful business.
A very recent Franchise Times magazine survey of franchise owners found that an amazing 90% would recommend franchise ownership! What a landslide.
A 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 the were still open for business.
A U.S. Department of Commerce study conducted showed that during that time less than 5% of franchise businesses were closed each year.
A U.S. Small Business Administration study found that 62% of non-franchised businesses closed within the first 6 years of their existence due to failure, bankruptcy, etc.
Total sales by franchised businesses are projected to reach over $2.2 trillion this year.
1 out of every 8 businesses is a franchised business.
A new franchised business is opened every 8 minutes of every business day.
Franchises account for 42% of all retail sales, a number expected to grow to 50% in the next decade.
According to a February article by the National Federation of Independent Business (NFIB), 1 of 4 small businesses with employees have their primary location at home, and 85% of all small firms are operated by owner-managers.
Email us directly for more details: DiverseFranchise@gmail.com
Establishing a business is a very difficult then starting a franchise business and there are many opportunities that can be available for that.
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