FRANCHISE = SUCCESS
WHY INVEST IN A FRANCHISE?
SUCCESS RATE
The high success rate is the most significant advantage of franchising. According to the International Franchise Association's 2021 Franchise Business Economic Outlook report, 90% of franchises are still in business after five years, compared to only 15% of independent companies.
ALIGNING YOUR PASSION & INTEREST
Access to a wide array of brands is crucial for conducting thorough research and making informed comparisons when exploring franchise opportunities. With nearly 750 brands to choose from, you can find a franchise that aligns with your passions and interests, allowing you to combine your entrepreneurial drive with something you genuinely care about.
RECESSION RESISTANT
The franchise industry has proven resilient even during challenging economic times. According to the International Franchise Association (IFA), the franchise industry grew at an average rate of 2.6% during the last recession (2008-2009), while the overall economy shrank by 2.1%. Per the Small Business Administration (SBA), franchise loans exhibit a default rate of merely 3%, notably lower than the 12-15% default rate observed for non-franchise businesses.
EXIT STRATEGY
When investing in a business, it's also essential to think of an exit strategy; a survey conducted by Franchise Resales found that 70% of franchise resales closed successfully, compared to only 25% of non-franchise businesses.
