What Is Franchising?

Franchising is a business process in which the owner (franchisor) of a product, service or method obtains distribution through its affiliated dealers (franchisees).

Quick Facts?

▪️ Franchising greatly contributes to the U.S. economy on an annual basis
▪️ According to the Statistica Research Department, there were 773,603 franchise establishments in the United States in 2019.
▪️ You can franchise across various industries, but the most common franchise is in the fast food sector.
▪️ 30 percent of those interested in opening a franchise in the US are most interested in a fast food franchise.

What Are Top Growing Franchises In The United States?

▪️ The initial investment cost of the 4 fastest growing franchises in the U.S. is – Super Cuts ($151K -321K), Jan Pro Franchising International ($4k – $56K), Reis And Irvy’s ($140K – $1.1M), and Cruise Planners ($2K-$24K).

Do Franchises Contribute Towards The U.S. Economics And Job Growth? 

▪️ Franchises generate more than 60 percent of all jobs added annually in the U.S.
▪️ According to IFA Economic Impact Study, franchising directly creates 7.6 million jobs and indirectly supports 13.3 million jobs. 

Is It Expensive to Buy A Franchise As A Franchisee?

▪️ The cost to invest into a franchise depends on many factors – initial franchise fees, royalties, payroll, taxes, location, inventory, etc.


▪️ Learn as much as you can about the Company, its products, services, or methods.
▪️ Research on the location where you are looking to set up the franchise store.
▪️ Understand all the set up costs and royalties so there are no surprises.

Who is the FIFTH fastest growing franchise of 2020 in the U.S.?

▪️ Any guess? Think tacos and burritos. Yes, @TacoBell !
▪️The initial investment cost in Taco Bell franchise is $571K-$3M

What franchise would you invest in? Have you thought about franchising your business? Comment below.


Share on facebook
Share on twitter
Share on linkedin

More Posts

Patent Waiver On Covid 19 Vaccines?

Patent Waiver On Covid Vaccines? DID YOU KNOW – The United States has reversed its initial stance on the enforcement of Covid-19 vaccine patents   What

Have questions? Send us a message