Franchising provides you with proven procedures and systems that work. The S.Y.S.T.E.M., as in "Save Your Self Time, Energy, and Money" provides you with the tools to be more successful. Franchisors can only be successful if their Franchisees are successful. This makes for an important win-win relationship that is unique in the business world.
• In his best-selling book, The E-Myth Revisited, Michael Gerber writes, "over the course of one year, franchises have reported a success rate of 95% in contrast to the over 50% failure rate of new non-franchised businesses. Where 80% of all businesses fail in the first five years, 75% of all franchises succeed!"
• In a study by Arthur Anderson & Company of 366 franchise companies, nearly 97% were still in business after 5 years.
• A study by The United States Chamber of Commerce found that 86% of franchises opened within the last five years were still under the same ownership and 97% of the were still open for business.
The International Franchise Association recently 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!
They also reported:
• 93% of the franchisees say that a franchise gives them an advantage.
• 88% recommend a franchise over a non-franchised business.
• 83% are happy with their franchise.
These facts speak for themselves but to learn more please visit www.FranchisesForSale.com to review a comprehensive library of industry reports.
