Below is a list of franchising data that we have collected and compiled regarding the economic impact of franchising in the United States.
- There are 75 industries that use franchising to distribute goods and services throughout the country.
- As of 2001 there were over 767,000 franchised business establishments in the country.
- According to a 2004 estimate, franchised businesses provide over 18,000,000 jobs in the country.
- Every 8 minutes a new franchised business opens somewhere in the country.
- More than 170,000 new jobs are created by franchised businesses every year.
- Over 40% of all retail sales in the country stem from franchised businesses.
- A franchised business accounts for 1 out of every 12 businesses in the country.
- More than 94% of franchise business owners consider themselves successful.
- More than 75% of franchise business owners would purchase the franchise again.
- The average length of a franchise contract is 10 years.
Sources:
Quick Franchise Facts, Franchising Industry Statistics
