If you’re interested in becoming a business owner but the thought of creating a concept from the ground up overwhelms you, franchising could be the perfect solution. A balanced blend of autonomy and proven strategy, franchising boasts the strength of a well-established business model with the freedom and flexibility to work for yourself and manage your individual location as you see fit. Plus, with the thousands of franchising concepts available, you’re sure to find one that aligns with your interests and your goals.
For the next few months, we’ll be focusing on franchising as a whole, providing information in our blog and Learning Center on how to find the franchise brand that’s right for you, the best franchise funding methods, growing from one location to many, and much more. But first, let’s set the stage with some franchising statistics.
Did you know:
- 71.9 percent of franchisees are men and 28.1 percent women (as of 2013)?
- The median age of franchisees is 45 — 54?
- There are 769,683 franchise establishments in the United States?
- The number of franchise establishments is estimated to increase by 1.6 percent in 2015 to 781,794.
- Franchise establishments provide 8.569 million jobs?
- Food & Hospitality services make up an estimated 65 percent of franchises?
- Franchises added 20,000 jobs in the U.S. in March 2015?
- The output of franchise businesses in 2014 was $844 billion?
Have a franchising-related topic you’d like to learn more about? Leave us a comment, and it just might be the subject of our next article.