Franchisees running into Profitability –
This figure is currently running at 97%, no I’m not trying to pull a lame joke, that’s the reality of franchising, it’s that good! Let that just sink in for a minute…. 97% of ALL franchisees are running their business with a profit. Just wow. Especially when you compare 30% of new start-ups not making it past the first 12 months. To be honest, this isn’t something that’s just occurred, oh no! Franchises have continuously been running into profitability levels of 90%+ since 2005.
“No question”: Franchises are more successful than other small businesses, says Boost Juice founder Janine Allis
The chief executive of the National Retail Association (NRA) Dominique Lamb has previously backed a similar success rate figure for franchises, telling Money Mag in 2017 that franchises have a 20% failure rate — or 80% success rate. Source – http://bit.ly/2O6aLPX
VIDEOS BELOW EXPLAIN WHY FRANCHISES ARE MORE SUCCESSFUL THAN STARTUPS
Facts & Figures US Franchising 2018