Industry Statistics
Prior to 2020, the industry grew this many consecutive years.
What is 8 years?
The name of the government organization that provides financing.
The percentage of franchises costing under $100k.
What is 17%?
The name of the fee the franchisee pays for becoming a franchisee.
What is the royalty fee?
What does the Franchisor do with the Franchise Fee?
What is reinvest to support their franchisees?
Food Franchises account for what percentage of all Franchises.
What is 33 percent?
The fee paid when signing your franchise fee.
What is the Franchise Fee?
THe myth is that franchising is fast food and retail only. What is the actual number of industries franchised?
What is roughly 70?
What are some things done with the Franchisor prior to opening?
What are site location, lease negotiation, development of marketing plan?
What is provided to teach franchisees about the industry they get into.
What is training?
Franchising employs this many people in the United States.
What is over 8 million people?
The percentage down payment required when obtaining franchising.
What is 10% to 30%?
The percentage of franchises costing under $250k.
What is 55%?
The name of the franchisees' operating area.
What is a territory?
The Franchisor will do this to help you with your grand opening.
What is develop a marketing plan?
There are roughly this many franchised brands in the United States.
What is roughly 4,000?
The finance program that uses the equity of your home.
What is HELOC, Home Equity Line of Credit?
What is the name of the portion of the Franchise that is paid upon signing the franchise agreement?
What is the Franchise Fee?
What resources are available to the franchisee to learn about best practices?
What is talk with other franchisees?
The name of the playbook that the Franchisor provides the Franchisee.
What is an operations manual?
According to the IFA forecast, the industry will grow by this percentage in 2022.
What is over 5 percent?
The name of the program that uses self-directed retirement assets.
What is ROBS, Rollover for Business Start-Up?
Other ownership models besides owner operator?
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 does one buy into.
What is a proven system or proof of concept?