Linking Franchise Success with Economic Growth and Net Job ...
Linking Franchise Success with Economic Growth and Net Job ...
Linking Franchise Success with Economic Growth and Net Job ...
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Current Environment for <strong>Franchise</strong>d Small Businesses<br />
<strong>Franchise</strong>d businesses are an essential segment of the larger small<br />
business population.<br />
• Over 9 million jobs in business format <strong>and</strong> product distribution<br />
franchises. Nearly 18 million jobs including indirect.<br />
Franchising sector growth in output <strong>and</strong> jobs has outpaced other<br />
businesses in periods of expansion <strong>and</strong> during economic downturns.<br />
The #1 issue for franchised small businesses is credit access.<br />
• 39% of franchisors report that more than half of their existing or<br />
prospective franchisees were unable to get necessary financing.
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