When you buy a franchise you don’t just buy a business, but you buy a system and a philosophy on how to do business. You learn from the mistakes of those that have gone before you and you tap into their knowledge and proven business formula
· Franchises have a success rate of two and a half times greater than independent non-franchising businesses.
· 95% of all franchises operate past their first year where less then 35% of independent businesses succeed.
· Franchising allows you to enter into a new venture with a more experienced partner, while still owning 100% of your business.
· Franchise businesses account for 42% of all retail sales in the United States.
· Franchise businesses employ more than 8.5 million Americans
· Studies show that less than 5% of franchised businesses are closed each year