FUTURE OF FRANCHISING
Franchising in 2007
Every year > $1 trillion in products and services are sold through franchises
in the United States.
35% of all retail products and services are sold through franchises.
There are over 650,000 individual franchise outlets in this country.
A new franchise opens every 5 minutes.
Over 300 different types of industries and businesses are franchising.
The Future…
Conversions of Company-Owned Establishments to Franchising
Fortune 1000 Companies will soon be enter into Franchising
Large corporations will turn to franchising not only for its benefits but
also to "keep" their best employees.
International Franchising will catapult.
Many U.S. companies will embrace franchising to expand overseas. More foreign
companies, with their desire to tap the huge American market, will start franchising
in this country.
Sales through franchise outlets are currently at $1 trillion in the U.S.,
expected to reach $2 trillion dollars by the year 2010.
35% of all retail and service sales come from franchise outlets. It is estimated
to reach
40-50% by 2010.
Currently there are 650,000 franchise units, it is predicted that by 2010
this number will reach 1,000,000.
Approximately 5,000 companies franchise; due to the increasing awareness and
popularity of the franchise concept, we expect this number to grow to 8,000 by the
year 2010.