Things To Know
When Starting A Franchise
About The Franchise Industry Facts
The Franchise Industry has shown both incredible resilience and opportunity over the past two decades. Today, there is a strong trend toward entrepreneurialism, and many first-time business owners find value and safety in the franchise platform. The recent U.S. tax cuts have provided even more fuel for growth in franchising and are driving additional investment into the franchise market.
- Increasing consumer optimism driving growth at the franchise unit level and increasing investment from franchisees.
- Franchise sector outpaces GDP growth since 2013
- The number of Franchise Establishments has increased in the U.S. by 1.6% per year from 2013 to 2017
- Franchise Employment has increased by 3 – 3.5% per year from 2013 to 2017
- Franchise Output has increased by 5.6% per year from 2013 to 2017
- Franchise GDP has increased by 5.5% per year from 2013 to 2017
*Data provided by IFA