Tracking The Growth Of Franchising

FranchiseDirect:

Franchises are everywhere. They’re such a part of our life that we often fail to see realize just how many businesses are franchised. Well, a recent survey has provided a statistical explanation of just how many franchises are in America.

The US Census carried out the inaugural Economic Census Franchise Report in 2007. The numbers, which were released late last year, are pretty fascinating, as we have mentioned before. 10.5 percent of all businesses are franchised. About 8 million workers in a work force of 59 million are employed in franchising. The industry’s total sales account for nearly $1.3 trillion. Amazingly, there are 295 franchise industries active in the country.

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