“I didn’t invent the hamburger. I just took it more seriously than anyone else.”
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ARE YOU READY TO FRANCHISE?
Assistance with planning your franchise strategy. This starts with an evaluation of your current business model, its scalability, and potential for expansion. Is your business ready to franchise? Click below to take the test.
The preparation through outside legal counsel of the Franchise Disclosure Document (FDD), Franchise Agreement (FA), and Multi-Unit Development Agreement (MUDA).
Assistance with the development of the franchise company's new marketing and advertising plan for your Franchise Program. In addition, we can help develop an effective outside Sales Broker network.
The International Franchise Association (IFA) released its annual Economic Outlook Report detailing the franchise industry’s projected economic forecast for 2020. The Report offers an in-depth look into franchising’s growth trend from 2016-2019, as well as a state outlook for all 50 states and Washington D.C. Conducted by FRANdata, the Report forecasts how the franchise industry is expected to continue riding the economic boom in 2020, despite growing uncertainty around the economy. “The franchise industry is responsible for creating tens of thousands of opportunities for small business ownership across the country and millions of jobs for Americans,” said Robert Cresanti, IFA’s President & CEO. The International Franchise Association (IFA)
“The franchise industry continues to pride itself on its positive impacts on communities across America. We are very excited to showcase these opportunities in our annual Economic Outlook Report. Locally-owned franchise are America’s hidden small businesses and this new report demonstrates their impact nationwide and, in every state,” continued Cresanti.
Some quick facts highlighted in the report:
Franchise industry forecasted to add 232,000 jobs in 2020, growing total employees to 8.67 million
The number of franchised businesses in the U.S. is forecasted to grow by 1.5% this year, to a total of 785,316 establishments
Overall GDP contribution by the franchise industry is forecasted to grow by 4.6%, to $494.96 billion