Why Buy Franchise

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Why Buy Franchise

Franchise business in our daily lives

It is practically impossible to imagine a day when you do not come across, interact, buy from or sell to a Franchised Business. We buy our bagels, donuts, coffee for breakfast in the morning, we drop our kids off to a child-care facility, we order lunches and dinners from a Franchised fast food or sit down restaurants, we drop off our clothes for laundry or dry cleaning and we drop our cars off at a repair center; not to forget we watch a movie or a sports event; they all are franchised businesses, you get the point!

Franchise Business Statistics

Franchised businesses have less risk of failing because the Franchisors give their franchisees the proven processes and procedures as well as initial and ongoing training and support. Franchise Businesses account for over 9 million in nearly 100+ countries and the credit goes to the hardworking community of men and women who not only had courage to start but continue working on their business to becoming Successful Entrepreneurs.

Franchise business and its diversity of the services and products has enabled the contractual method of marketing and distribution known as franchising to become a powerful force in the U.S. economy. Franchisees sell goods and services to well over 745,290 locations across the country has reached 98,000 billion in 2017.

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U.S. Department of Commerce and U.S. Economy

The U.S. Department of Commerce statistics show that franchising has increased phenomenally over the last twenty years and it has only been growing. It has been a significant part of the U.S. economy and current U.S. marketing system. Franchising offers tremendous opportunities to individuals and small business companies to get involved in a bigger and better scale to providing products and services that enjoy the trademark and service mark from United Stated Patent and Trade Mark Office (USPTO). The U.S. Department of Commerce also pointed out that the retail sales from the franchise establishments accounted for over one-third of all U.S. retail sales.

Government research over the years has also indicated that the success rate for franchisee-owned business endeavors is significantly higher and better than non-franchised business; mainly due to the lack of bulk buying and advertising power, established processes and procedures and continuous guidance and support.

In short, franchising is a significant part of the national economy and presents a statistically better chance for success than other business options.

So Now
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