Benefits of Franchising with Us

When you purchase a franchise you receive a proven business model, and the expertise of the franchise corporate staff. You are not left on your own to make mistakes that a lot of first time business Owners make.

The following facts about the franchise industry, as printed in the 1998 IFA Franchise Guide on Page 285 clearly show a consistent and steady growth of the Franchise Industry. The simplest and easiest way for you to start your own company and be your own boss is to purchase a franchise location.

Employment

• More than 8 million people are employed by franchise establishments, with an average of 8 – 14 employees per establishment.
• From 1975 to 1988, the total number of people employed by franchising doubled, from 3.5 million to 7 million, and the number of people employed by establishment grew by 80% from 8 to 14
• Franchised Businesses create more than 170,000 new jobs each year.

Establishments

• 1 in 12 businesses is a franchise.
• A new franchise opens every 8 minutes of every business day.
• There are approximately 550,000 franchises in the U.S.
• In 1992, franchise chains created approximately 21,000 new business format franchises. In contrast, more than 220,000 new businesses failed that year resulting in more than 400,000 lost jobs.

Success

• There is more than $500 Billion in annual sales reported in the United States.
• According to studies conducted by the U.S. commerce department from 1971 to 1987, fewer than 5% of franchises were terminated on an annual basis
• A 1991 study by Arthur Anderson & Company of 366 franchise companies in 60 industries reported nearly 86% of all franchise operations opened in the previous 5 years were still under the same ownership; only 3% of these were no longer in business.
• In contrast, a study by the U.S. Small Business Administration from 1978 to 1988 revealed that 62.2% of all new businesses were dissolved within the first six years of their operation, due to bankruptcy, retirement, or other reasons.