Franchise Finders
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Franchising Statistics
The International Franchise Association (IFA) lists over 75 industries that use franchising to distribute goods and services to consumers. The IFA 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!
Total sales by franchised businesses are
projected to reach over $2 trillion in 2008.
One out of every 12 businesses is a franchised business.
A new franchised business is opened every 8 minutes of every business day.
Total sales by franchised businesses are
projected to reach over $2 trillion in 2008.
One out of every 12 businesses is a franchised business.
A new franchised business is opened every 8 minutes of every business day.
The success rate of franchise businesses is much higher than that of independent businesses.
- According to Franchise World Magazine, a franchise business has a 92% success rate after 5 years compared to a 23% success rate of an independent business after the same period of time.
- There is only one Franchise bankruptcy to every 40 independent business bankruptcies in North America (5,000 vs. 200,000 annually, respectively).
- Although only 3% of businesses in North America are Franchises, 40% of retail and service business is conducted by those franchises every year.
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