New Data Shows Franchising Continues to Exceed Growth Expectations

The International Franchise Association (IFA) today released its annual Franchising Economic Outlook showing that franchise growth exceeded projections for 2023, even in the face of ongoing economic uncertainty. On top of the 2.2 percent growth experienced in 2023, the report forecasts that franchises will grow an additional 1.9 percent in 2024, adding 15,000 units and 221,000 jobs in the United States. IFA also released the findings from its 2024 Franchisor Survey detailing the challenges posed by the labor market, rising prices, and policy trends.

New Data Shows Franchising Continues to Exceed Growth Expectations

The International Franchise Association (IFA) today released its annual Franchising Economic Outlook showing that franchise growth exceeded projections for 2023, even in the face of ongoing economic uncertainty. On top of the 2.2 percent growth experienced in 2023, the report forecasts that franchises will grow an additional 1.9 percent in 2024, adding 15,000 units and 221,000 jobs in the United States. IFA also released the findings from its 2024 Franchisor Survey detailing the challenges posed by the labor market, rising prices, and policy trends.

Pet Supplies Plus and Wag N’ Wash Award 95 Agreements in 2023 with Robust Opening Pipeline as Pet Industry Continues to Surge

With Double-Digit Growth, Pet Supplies Plus Ranks No. 21 in Franchise 500® Ranking + Wag N’ Wash Hits Major Milestones.

CertaPro Painters® Honors Top Franchisees for Excellence in Residential and Commercial Painting

North America’s Most Referred Painting Company® Announces Award Winners at Annual Conference.

MY SALON SUITE LAUNCHES MOBILE APP FOR THEIR SALON OWNERS

New technology is the next step forward in making salon business ownership easy and accessible for today’s beauty and wellness entrepreneurs.

Tint World® expands further into Northern California with new Concord location

The National Automotive Styling Centers™ franchise to bring its aftermarket styling and performance services to more residents in Northern California.


1-800 WATER DAMAGE Opens New Location in Ohio

Leading Property Damage Restoration Company Opens Third Ohio Location.

Gotcha Covered welcomes Jason and Heather Roper to family of franchise owners

The leading window treatment consultation franchise opens second location in Louisiana.

Locally-Owned, Nationally-Known: The Human Bean Coming Soon to Suwanee, GA

Baristas at The Human Bean will begin pouring coffee and other specialty beverages at 1085 Peachtree Industrial Blvd beginning Spring 2024.

International Franchise Association’s Annual Convention Shines Spotlight on Industry Leaders Shaping the Future

Batteries Plus Chief Development Officer to Share Expertise on Managing Turnover and Maintaining Healthy Pipelines.

Search