The Franchise Revolution

The Franchise Revolution A look at the growing business model of franchises and why they are an important contributor to our economy. A Bright Future The characteristics of a franchise worthy business The International Franchise Association (IFA) lists Detailed systems, processes and procedures over 75 industries that use franchising to distribute goods and services to consumers. The IFA has reported that franchising is responsible for 760,000 businesses, 18 million jobs, 14 percent of the private sector employment, and over $500 billion in payroll. 1 out of every 12 A good track record of profitability businesses are franchises. 2$ Broad geographic 93% Success Ease of duplication rate after 5 years compared to a 23% success rate of an independent business. "The greatest marketing stratégy ever created" I.M. Singer & Co. Franchising has the ability to capture more of the market share. The increased market share is due to three main attributes comprising a franchise: A successful business system Branding The first franchise was established in 1851 by Isaac Merrit Singer Support system 2010 Number of US franchises per top ten industries Quick service restaurants 148,730 Personal services 127,641 Retail products & services 95,890 Business services 92,937 Real estate 85,862 Commercial & Reşidential services 67,622 Retail food 58,957 Table/full services restaurants 32,703 Automotive 30,465 Lodging 24,916 Number of US Businesses per top ten industries 2009 1,076,645 Retail trade 842,566 Professional, scientific & technical services 799,271 Health Care & social assistance 722,701 Other services 712,977 Construction 635,239 Accommodation & food services 572,367 Food services & drinking places 557,624 Ambulatory & health care services 488,909 Finance & insurance 456,258 Specialty trade contractors World GDP $63,120,000,000,000 World Franchise GDP $2,461,680,000,000 US GDP $13,099,000,000,000 US Franchise GDP $1,950,000,000,000 World GDP World Franchise GDP US GDP US Franchise GDP Sources http://www.franchisefinders-hcsv.com/Franchising Statistics.php http://www.franchisehelp.com/blog/top-10-industries-for-a-recession http://www.franchise.org/uploadedFiles/Franchise%20Business%200utlook%20Report%202011%20final.pdf http://www.azfranchises.com/franchise articles/Article Franchisebasics FGS103.htm Infographic brought to you by: LIBERTY TAX SERVICE N CUSTOMER MAGNETISM internet marketing agency www.customermagnetism.com All logos are the property of their respective owners www.libertytax.com The Franchise Revolution A look at the growing business model of franchises and why they are an important contributor to our economy. A Bright Future The characteristics of a franchise worthy business The International Franchise Association (IFA) lists Detailed systems, processes and procedures over 75 industries that use franchising to distribute goods and services to consumers. The IFA has reported that franchising is responsible for 760,000 businesses, 18 million jobs, 14 percent of the private sector employment, and over $500 billion in payroll. 1 out of every 12 A good track record of profitability businesses are franchises. 2$ Broad geographic 93% Success Ease of duplication rate after 5 years compared to a 23% success rate of an independent business. "The greatest marketing stratégy ever created" I.M. Singer & Co. Franchising has the ability to capture more of the market share. The increased market share is due to three main attributes comprising a franchise: A successful business system Branding The first franchise was established in 1851 by Isaac Merrit Singer Support system 2010 Number of US franchises per top ten industries Quick service restaurants 148,730 Personal services 127,641 Retail products & services 95,890 Business services 92,937 Real estate 85,862 Commercial & Reşidential services 67,622 Retail food 58,957 Table/full services restaurants 32,703 Automotive 30,465 Lodging 24,916 Number of US Businesses per top ten industries 2009 1,076,645 Retail trade 842,566 Professional, scientific & technical services 799,271 Health Care & social assistance 722,701 Other services 712,977 Construction 635,239 Accommodation & food services 572,367 Food services & drinking places 557,624 Ambulatory & health care services 488,909 Finance & insurance 456,258 Specialty trade contractors World GDP $63,120,000,000,000 World Franchise GDP $2,461,680,000,000 US GDP $13,099,000,000,000 US Franchise GDP $1,950,000,000,000 World GDP World Franchise GDP US GDP US Franchise GDP Sources http://www.franchisefinders-hcsv.com/Franchising Statistics.php http://www.franchisehelp.com/blog/top-10-industries-for-a-recession http://www.franchise.org/uploadedFiles/Franchise%20Business%200utlook%20Report%202011%20final.pdf http://www.azfranchises.com/franchise articles/Article Franchisebasics FGS103.htm Infographic brought to you by: LIBERTY TAX SERVICE N CUSTOMER MAGNETISM internet marketing agency www.customermagnetism.com All logos are the property of their respective owners www.libertytax.com