FranStop

According to The International Franchise Association (IFA):

• Total U.S. franchise sales in 2000 were over $1 trillion.
• Nearly 50% of all domestic retail sales were from franchise businesses.
• U.S. franchisors are doing business in over 70 industries.
• 1 in 12 U.S. business establishments is a franchise.
• A new franchise opens every 8 minutes of every business day.
• There are approximately 3,300 franchisors and over 500,000 franchise units.
• The total number of people employed by franchising is 8 million, with 8 to 14 employed per business.
• Franchised businesses create more than 170,000 new jobs each year.
• Franchising is the backbone of the U.S. economy.
• According to the U.S. Commerce Department, fewer than 5% of Franchises were terminated on an annual basis.
• In a study by Arthur Andersen & Company of 366 franchise companies, nearly 97% were still in business after 5 years.
• In contrast, a study by the U.S. Small Business Administration revealed that 62.2% of all new businesses FAILED within their first 6 years of business.