Industry Statistics
Prior to 2020, the industry grew over this many consecutive years.
What is 8 years?
The name of the government organization that provides financing.
What is the SBA?
The percentage of franchises costing under $100k.
What is 17%?
The term for the fee that the franchisee pays for becoming a franchisee.
What is the royalty fee?
The Franchisor does this action with the paid Franchisee Fee.
What is reinvest to support their franchisees?
Food Franchises account for this percentage of all franchises.
What is 33%?
The fee paid when signing your franchise fee.
What is the Franchise Fee?
The myth is that franchising is fast food and retail only. In truth, this many industries have been franchised.
What is roughly 70 industries?
Activities that take place with the Franchisor prior to opening.
What is site location, lease negotiation, develop marketing plan to implement?
What is provided to teach franchisees about the industry they get into?
What is training?
The number of people in the United States employed by the franchise industry.
What is over 8 million people?
The percentage down payment required when obtaining financing.
What is 10% to 30%?
The percentage of franchises costing under $250k.
What is 55%?
The term for the franchisees' operating area.
What is a territory?
The Franchisor will participate in this activity to help the franchisee with their grand opening.
What is develop a marketing plan?
There are roughly this many franchised brands in the United States.
What is 4,000?
The name of the finance program that uses the equity of your home.
What is HELOC, Home Equity Line of Credit?
The term for the portion of the Franchise that is paid upon signing the franchise agreement.
What is the Franchise Fee?
What is a resource available to the franchisee so that they can learn about the businesses' best practices.
What is experience and knowledge of other franchisees?
The term for the playbook that the Franchise provides the Franchisee with.
What is an operations manual?
According to the IFA, it is forecasted that the industry will grow by this percentage amount in 2022.
What is over 5%?
The name of the program that uses self-directed retirement assets.
What is ROBS, Rollover for Business Start-Up?
Besides owner operator, three other types of ownership models.
What is semi-absentee, executive, or investor?
The typical length of the franchise agreement.
What is 10 years?
When buying into a Franchise system what are you buying into?
What is a proven system or proof of concept?