The Franchise Phenomenon
Did you know that more than $800 billion of annual sales in the U.S. come from franchises? By 2010, total franchise sales are expected to rise to $1 trillion. The numbers are truly mind-boggling. So why buy a franchise? Here are the top reasons why one out of every 12 businesses is franchised:- You’re part of a proven system and supported by a much larger organization
- Instant brand awareness and credibility
- Franchise has strong administrative and technology support
- Franchisor-provided training
- Quick return on investment
- Strong management
- Network of other franchises and associations dedicated to supporting franchises
- Chances of receiving business financing greatly improved
- Less likely to fail compared to other small businesses
- Support every step of the way by people vested in your success
More Franchise Facts
- A new franchise business opens every eight minutes each business day
- In 2000, the median gross annual income before taxes of franchisees was between $75,000 and $124,000. More than 30% of franchisees earned over $150,000
- Business franchises make up more than 170,000 new jobs each year
- A U.S. Dept. of Commerce study revealed that from 1971 to 1997, less than 5% of franchised businesses were closed each year
- Recent Gallup poll of franchisees found that more than 94% considered themselves successful, and over 75% would buy their franchise again if they had to do it over
Contact Information
Want to learn more about FLC? Please contact:
R.B. Kluttz, President
Phone: 912.832.2564
Fax: 912.832.2456
Email: rb@franleasing.com
