FranchiseGlobalConnection@gmail.com
Toll Free: 877-392-5377
Why Franchises are so Successful.
From January, 2000 to December, 2004 the index that tracks the performance of the top 50 franchisors increased 34.5% compared to a drop of 20.1% in the S&P 500 over the same period.
A study by The United States Chamber of Commerce found that 86% of franchises opened within the last five years were still under the same ownership and 97% of the were still open for business.
A U.S. Department of Commerce study showed that less than 5% of franchise businesses closed each year.
A U.S. Small Business Administration study found that 62% of non-franchised businesses closed within the first 6 years of their existence due to failure, bankruptcy, etc.
Total sales by franchised businesses are projected to reach over $3 Trillion this year.
A new franchised business is opened every 8 minutes of every business day.
The median gross annual income, before taxes, of franchisees was in the $75,000 to $124,000 range, with over 30% of franchisees earning over $150,000 per year. These numbers have, on average, increase approximately 4% every year.
Are you ready to own your own busienss?
Contact us today:
FranchiseGlobalConnection@gmail.com
Toll Free: 877-392-5377