Quick, can you think of a domestic industry that, in 2011, was comprised of approximately 735,000 establishments, was responsible for approximately $745 billion of economic output and employed nearly 8 million people? Time’s up! The answer is the domestic franchise industry.1
The U.S. franchise industry is extremely large, growing and quite diverse. It is comprised of many different types of businesses, ranging from restaurants, retail stores and hotels to a wide variety of service and consulting businesses.
If you are working with existing franchise clients or prospecting for new business clients, you may wish to invest some of your time learning more about franchising and some of the more important retirement, succession and estate planning challenges facing successful franchisees today. Read full post.