Did you know that 1 out of every 12 businesses in the United States is a Franchise and every 8 minutes a new franchise opens for business? It’s predicted that the 2 fasted growing franchises today are retail business and quick-serve restaurants.
Franchises are more likely to succeed the individual start-ups
1 of 12 US businesses is a franchise
The employment distribution of franchising breaks down to:
65% operate in The Food and Hospitality Industry.
29% are In the Service Industry
6% Automotive and Real Estate
The highest number of franchise establishments are fast food restaurants, followed by gas stations and full-service restaurants. Hotels and Car Dealerships also have a lot of franchises worldwide.
The top Franchise in the world is McDonald’s
50% of all retail sales come from franchise