| Jan 24 |
Area Development Franchises and Master Franchises There are many reasons why franchising is the best type of operation for the majority of first-time business owners.Most revolve around the increased probability that the business will succeed and provide profits to the owner in a shorter time frame than an independent business. This allows the owner to address her or his personal goals both financially and personally.
A new franchise opens every 8 minutes of each business day. A total of over 40,000 new franchises open in most years. In addition, studies prove that franchises survive!
Government studies show that 77% of independent businesses close their doors within 5 years of opening. Only 8% of franchises close in the same time period. That’s only 10% the failure rate of independents!
Franchise Business Models:
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