There are an estimated 3,000 different franchisers (franchise business companies) operating in the U.S.
- today.It is estimated that there are over 825,000 franchise businesses across 300 business categories in the U.S. which provide nearly 18 million jobs and generate over $2.1 trillion to the economy.
- According to the IFA (International Franchise Association) almost 4% of all small businesses in the USA are franchises.
- There are More than 300 different industries and business categories that use the franchising business model as a means to distribute goods and services.
- It is estimated that the franchise industry accounts for approximately 50% of all retail sales in the US.
- A new franchise business opens every 8 minutes of every business day.
- Approximately one out of every 12 businesses in the U.S. is a franchise business.
- The average initial franchise investment is $250,000- excluding real estate.
- The average royalty fees paid by franchisees range from 3% to 6% of monthly gross sales.
- Most franchise companies have fewer than 100 units.
- The average length of a franchise contract is 10 years.
- Top franchise industry- Fast Food Franchises followed by Senior Care, Child Services and IT
Top franchise company- McDonalds