‎lonad News:
Franchising is a fast-developing form of business in the US. Take into consideration some facts about it: according to the International Franchise Association, there were more than 3,000 franchise brands with 901,093 franchise establishments in the USA at the beginning of 2010.
These figures can be compared to the European Union, where, as per the data of the European Franchise Federation, there were more than 8400 franchise systems in 17 countries in 2008. For example, a year ago there were 1,234 franchise brands and more than 49,000 franchisees in France; 842 franchise systems and 34,800 franchisees – in Britain; 850 franchisors with 59,182 franchisees in Spain.
Franchise statistics shows that this form of business provides the parties of a franchise contract with lots of benefits both franchisees (usually small firms that buy a small business franchise) and franchisors (they sell franchises to other companies-franchisees). But these benefits should be matched with disadvantages; this in turn can help potential franchisees buy the franchise suitable for their budget, skills and interests. More.
