[STATS] Franchising’s Deep Impact | International Franchise Association

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[STATS] Franchising’s Deep Impact

 

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[STATS] Franchising’s Deep Impact 

 

 

In order to decide on a franchise investment opportunity, one needs to check the franchising operational statistics at first. The statistics give entrepreneurs a general idea of the business prospects associated with a particular franchise opportunity.   

Some of the Popular Franchise Facts and Figures related to the United States are as below:  

  • In the USA, there are more than 3,000 different franchise business companies are existing in various parts of the country
  • There are around 300 different business categories in which franchise business is being offered 
  • More than 825,000 franchise business ideas can be found for entrepreneurs to invest in and start a business 
  • The franchise business has acontributes $2.1 trillion to the US economy 
  • The sector supports around 18 million workers in the country 
  • One out of every 12 companies has a franchise business model for the entrepreneurs to invest in.
  • The normal franchise period offered by most of the franchisors is 10 years
  • Fast Food Franchise business is the most popular franchise business in the US

These stats will give you at least a general overview of the US franchise industry. These facts will also help you to evaluate the investment perspective and analyze the operational expenditures required to run a franchise business. You will also come to know how the franchise business contributes significantly to the overall economy of the country providing more jobs to the people.

 

*Statistics gathered from Manta.com, IFA’s internal sources, and US Department of Labor