Why
An Organic Food Franchise?
The concept of "franchising"
or licensing operators originated decades ago and has become very popular ever
since. It has been said that 1 out of 12 businesses in the states is a franchise.
Franchising is so popular because it allows entrepreneur
to own and operate their own business, profit from the use of an established brand
name, and benefit from a proven system of operations. Important
Franchise Facts: - Franchise operations in the United
States account for 42% of all retails sales.
- Retail
sales for franchises are expected to reach $1 Trillion in Year 2000.
- According
to the US Department of Commerce from 1971 to 1987, less than 5% of the franchise
businesses were closed each year.
- Arthur Anderson
& Company found in 1991, almost 86% of all franchises opened in the previous
five years was still under the same ownership and 97% were still in business.
- According to statistics from the US Small Business
Administration from 1978 to 1988, 62% of all non-franchised businesses closed
within the first six years due to failure, bankruptcy, retirement, or other reasons.
- More than 8.5 million Americans are employed
by franchised businesses.
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