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.

Average Initial Investment Range
Percentage
Under $50,000
13%
$50,001 to $100,000
17%
$100,001 to $250,000
28%
$250,001 to $500,000
23%
Over $500,000
18%

Source – FranData

 

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