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Franchise Statistics

Here are Statistics Why Franchises are so Successful.

Franchised businesses account for nearly 55% of all retail & service sales in the United States
The International Franchise Association has reported that franchising is responsible for 760,000 businesses, 18 million jobs, 14 percent of the private sector employment, and over $500 billion in payroll!
According to latest estimates, there are over 3,000 franchises available in 100 industry categories
From January, 2000 to December, 2010 the index that tracks the performance of the top 50 franchisors increased 34.5% compared to a drop of 20.1% in the S&P 500 over the same period
A study by The United States Chamber of Commerce found that86% 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 showed that during that time less than 5% of franchise businesses were closed each year
A U.S. Small Business Administration study conducted found that62% 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 trillion, this year (2011
1 out of every 12 businesses is a franchised business
Franchise businesses are the #1 choice of businesses during a recession, only because they are proven systems
A new franchised business is opened every 8 minutes of every business day
According to the February 2010 article by the National Federation of Independent Business (NFIB), 1 of 4 small businesses with employees have their primary location at home, 85% of small firms are operated by owner-managers
A Franchise Timessurvey indicates that 90% of their respondents recommend franchise ownership. In addition, a full 87% are satisfied with their franchise experience and only 4% expressed they were not at all satisfied