Franchise Advantages
Franchising Today:
- More than 2,500 franchises in the United States
- More than 750,000 individual franchise businesses
- More than $1.5 trillion in consumer sales annually
- The franchise industry employs 18 million people in the U.S. or 18% of the private sector employment
- A new franchise business opens every 8 minutes of every business day
Franchising Success vs. Small Business Start-ups
Most studies indicate starting a new (non-franchise) business is very risky. In fact, most studies show that over 90% fail within the first 3 years. When studied over the course of just one year over 50% of new independently owned business failed. In contrast, Business Format Franchises, when studied over the course of one year, succeeded 95% of the time. When studied over the initial 5 years of operation, the success rate was 75%. In a recent Gallup Poll of franchisees, the study found that over 94% considered themselves successful and that over 75% would buy their franchise again.
Franchising Ethics
- Regulated by the Federal Trade Commission
- Uniform Franchise Offering Circular (UFOC) discloses all pertinent details related to every
- Franchise Company
- State by State regulation
International Franchise Association Code of Ethics setting a high standardIn summary, Franchising allows for established brand recognition, a history of franchise successes, an entire system of doing business, a franchise prototype, and a highly regulated industry offering great opportunities to those who want to control their own business future.
For more information and to see if you qualify for a master franchise please contact:
David A. Yoches
Best Franchise, LLC
(800) 456-1550 or (480) 380-8900 in Arizona