franchise success statistics

Q. What are some statistics on franchises (e.g. success rates)?

If you want to see the advantages of franchising over owning a non-franchised businesses, you just have to look at the statistics. Franchised businesses have a 97% success rate within 5 years of opening, whereas non0-franchised businesses have a, comparatively low, success rate of 48% in their first 6 years. This mind-blowing statistic comes from the United States Chamber of Commerce, so, although it is an estimation, it is very accurate. 30% of franchisees make over 150 000USD a year. Franchises offer a huge advantage, both in the short and longterm for franchise owners. But which franchise to chose? One of the fastest growing franchise industries is the internet and technology industry. In 2008, for the seventh consecutive year We Simplify the Internet was rated the #1 internet and technology franchise by Entrepreneur magazine. We Simplify the Internet franchisees harness the power of the internet and We Simplify the Internet's proven business model to generate reliable, recurring income.

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