Business Ownership Statistics

· Franchise businesses account for 42% of all retail sales in the United States.

· Franchise businesses employ more than 8.5 million Americans

· A 1999 study by The United States Chamber of Commerce found that 86% of franchises opened within the last five years were still under the same ownership and 97% of them were still open for business.

· A U.S. department of commerce study conducted from 1971 to 1997 showed that during that time less than 5% franchise businesses were closed each year.

· Compare that to a U.S. Small Business Administration study conducted from 1978 to 1998, which found that 62% of non franchised businesses closed within the first 6 years of their existence due to failure, bankruptcy, etc.

· Total sales by franchised businesses are projected to reach $1 trillion, this year.

· 1 out of every 12 business is a franchised business.

· A new franchised business is opened every 8 minutes of every business day.

· In 2000, the median gross annual income, before taxes, of franchisees was in the $75,000 to $124,000 range, with over 30% of franchisees earning over $150,000 per year.

The conclusion is simple. A franchise as opposed to starting up a non-franchise new business minimizes risk and greatly improves your chances of success. The franchise business model is proven, has been replicated and the three legs, (marketing, operations, and administration) on which a business stands have been tested and refined.

The Freedom Franchise Alliance, LLC