• Risk Minimization – while not a guarantee of success you are buying into a business with an already-established system in place that you will follow.
  • Brand Awareness – many franchises are already recognized and newer, emerging brands often have the look and image of a larger system.
  • Training and Support – most concepts offer a 1-4 week training program, launch support, ongoing support, and training and coaching.
  • Marketing Materials and Support – readily available marketing materials,marketing plan and vendors. 
  • Established Vendors and Supply System – most franchisors have a vendor network set up for products and services often with group purchase power.
  • Easier to Obtain Financing – lenders like proven track records of franchisors. Most franchisors have third-party financing available to qualified candidates.

Quick Franchise Facts and Statistics:

Franchising as a whole is much larger than most thing:

  • There are an estimated 3,000 different franchisers (franchise business companies) currently operating in the U.S. today.
  • It is estimated that there are nearly 800,000 franchise businesses in the U.S. which provide greater than 8 million jobs.
  • Approximately one out of every 10 businesses in the U.S. is a franchise business and franchises are represented in nearly 300 industries.
  • The average initial franchise investment for more than 50% of franchises is about $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 - fewer than 20%.
  • The average length of a franchise contract is 10 years.

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