Franchising Advices

How Widespread is Franchising?

As a rule, franchises get a greater market share than other businesses. For instance, in the US only 8 per cent of retail businesses are franchises but they are responsible for 40 per cent of all retail sales in the country.

Currently there are 2,500 operational franchise chains and 909,253 companies that offer or have bought franchises in the US alone, according to the International Franchise Association. 11,000,000,000 people are engaged in the sector, which is just over 8 per cent of those employed privately. Among the best known franchise brands are McDonald’s, Subway, Dunkin’ Donuts, Pizza Hut, KFC, 7 Eleven, Holiday Inn and many others.