Franchise Facts

Are you researching whether or not a franchise opportunity is right for you?

Thinking about a franchise business? Start with the facts.

Here are some franchise facts you may want to know in your search for the right franchise for you:

• 55% of all Americans want to be their own boss.
• 37% of all households are involved in small business.
• 70% of all high schools students want to start a business.
• 1 out of every 25 adults is currently starting a business.

The IFA’s Educational Foundation’s research shows that over 900,000 franchised businesses provide 21 million jobs and contribute $2.3 trillion to the U.S. private sector economy.

• Franchised businesses are the cause of nearly 21 million jobs, or 15.3 percent of all U.S. private-sector jobs.
• Franchised businesses are the cause of $660.9 billion of annual payrolls, or 12.5 percent of all private-sector payrolls in the United States.
• Franchised businesses are the cause of $2.31 trillion of annual output, or 11.4 percent of all private-sector output in the United States.

There are over 3,000 franchise concepts in over 90 different categories.

Source - IFA

The cost of buying a franchise:

Franchises are more affordable than you think. Typically $50,000 is needed to readily invest with the ability to finance the rest. Many finance options are available and we can help you find financing.

Source – FranData