Welcome to the Franchise Buying Guide!
If you are curious about franchising and wondering if franchise ownership is right for you, this is the place to start. Franchising has helped many people achieve success through business ownership and, chances are, there is a franchised business that has just what you are looking for.
The phenomenal growth of franchising in the U.S. is a testament to the value of the franchise model to those interested in owning their own business. How big is franchising? A study called the Economic Impact of Franchised Businesses was done by PriceWaterhouseCoopers in 2001 and published by the IFA Educational Foundation in 2004. This study shows:
- There are more than 750,000 individual franchise businesses
- Franchising provides an annual payroll of more than $229 billion
- The franchise industry directly employs over 9 million people in the U.S. or 7.4% of the private sector employment
If you'd like to learn more about franchising and how it may be able to help you reach your personal and financial goals, we invite you to read this primer on franchise basics to get you started.