Did you know a new franchise opens every 8 minutes every business day, generating 2.3 trillion dollars a year in the U.S? You may be asking yourself will it work for me?
Franchising began over 40 plus years ago with companies like Holliday Inn and McDonalds, they soon discovered with franchising they could expand quicker, by offering franchisees with volume purchasing, power of branding, systems and support that would not only capture market share but reduce everyone’s cost and increase profits. This was the birth of modern Franchising!
McDonalds is now in more than 100 countries worldwide, with over 36,000 locations and Holiday inn didn’t do so bad either, with 4700 hotels in over 100 countries.
Did you know that there are nearly 1 million franchises in the U.S.? Or that 41 cents of every retail dollar is spent at a Franchise operation? Franchising is one of the most successful business models ever introduced to entrepreneurs.
"Franchising means being in business for yourself but not by yourself”