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Top Franchise Statistics

Franchising is growing in popularity and bringing rewards! Franchising accounts for more than 40% of the USA’s retail sales and there are an estimated 6000 franchise companies operating in the U.S.

The top five states for franchising (by total economic output) are:

1. California ($187.4 billion)
2. Texas ($121.1 billion)
3. Florida ($105.0 billion)
4. Illinois ($79.2 billion)
5. New York ($72.1 billion)

When observing the GDP amounts of the different states in the U.S.A in 2003, it is clear that the top 5 states are as follows:

1. California ($1.35 trillion)
2. New York ($900 billion)
3. Texas ($763.9 billion)
4. Florida ($553 billion)
5. New Jersey ($416 billion)

The top franchises are as follows:

1. Subway
2. Pizza Hut Inc.
3. Quiznos Sub
4. Jan-Pro Franchising Int’l Inc.
5. Curves
6. Jani-King
7. Jackson Hewitt Tax Service
8. The UPS Store
9. Coverall Clean Concepts
10. CleanNet USA Inc.

The Subway Submarine Sandwich restaurant chain owns 19 837 franchises in the U.S alone. That is an increase of 1159 franchises since last year (2005).

The largest franchise industries in the U.S are firstly fast food followed by retail, service, automotive, restaurants, maintenance, building and construction, retail-food, business services and lodging consecutively. There are more than 320 000 franchise retail outlets in the U.S.

So popular are franchises that is has been estimated that a new franchise business opens every 8 minutes of every business day! More than 760,000 franchised businesses generated a total economic output of more than $1.53 trillion, or nearly 10% of the US private-sector economy.

It has been researched that franchise businesses are exponentially more likely to succeed than individual new start-ups. After seven years 91% of new franchises are still in business, as compared to only 20% of individual new start-up businesses.

Franchising is gaining popularity because of its rich rewards. Not only is it improving the economy, but it is providing thousands of jobs for unemployed people and is making the American Dream more possible and alive.

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