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Overview
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Franchise Statistics and Overview: |
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According to a Price Waterhouse Cooper study entitled The Economic Impact of Franchised Businesses, franchising encompasses approximately seventy-five industries, including such businesses as tax services, advertising, automotive services, books and publications, children’s products, clothing, computer sales, construction, restaurants, medical services, weight-loss, home furnishings, maid services, motels and hotels, fitness centers, animal-affiliated businesses, as well as real estate. |
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One out of every twelve business is a franchised business, totaling over 750,000 franchise establishments in the US, producing output worth nearly 625 billion dollars. |
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A new franchised business opens every eight minutes in the US alone. |
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It is estimated that franchise outlets account for more than half of U.S. retail sales.
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There are presently over 3,000 companies offering franchise opportunities. This does not take into account companies operating as licensors or their licensees. Nor does this take into account emerging companies wishing to establish themselves as franchisors or licensors.
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In 2000, 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.
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A 1999 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 them were still open for business.
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A US department of commerce study conducted from 1971 to 1997 showed that during that time less than 5% of franchise businesses were closed each year.
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Compare that to a US Small Business Administration study conducted from 1978 to 1998, which found that 62% of non franchised businesses closed within the first 6 years of their existence due to failure, bankruptcy, etc.
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According to the U.S. Department of Commerce, franchise businesses are exponentially more likely to succeed than individual new start-ups, particularly if you look at the figures over a five or seven year period. According to Department of Commerce figures, after seven years 91% of new franchises are still in business, as compared to only 20% of individual new start-up businesses. |
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Disclaimer: Information made available through this web site regarding The Pooch Patio franchise opportunity is for general information only and is not intended to be a franchise offer. Offers are made only after delivery of an effective Franchise Disclosure Document in compliance with applicable federal and state laws. None of the communications made through this web site should be construed as an offer to sell The Pooch Patio franchise in, nor is any such communication directed to the residents of, any jurisdiction requiring registration of the franchise before it is offered and sold in that jurisdiction. None of The Pooch Patio franchises will be sold to any resident of such jurisdiction until the offering has been exempted from the requirements of, or duly registered in and declared effective by, such jurisdiction and the required Franchise Disclosure Document has been delivered to the prospective franchisee before the sale in compliance with applicable law.
Pre-Disclosure: Assuming you qualify as a prospective franchisee of The Pooch Patio, we may provide you with a Franchise Disclosure Document in hard copy or electronic format. If the Franchise Disclosure Document is furnished electronically, it will be provided in a Portable Document Format (PDF) file. You must use the Adobe Acrobat program in order to open and view this type of electronic file.
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