ALLSTATEFF.COM is an industry leader in franchise sales and selection. We consistently strive to provide our clients with the best possible franchised intelligence. Interesting facts to consider when starting your own business is that there are 27.5 million registered businesses in the U.S.
20- to 34-year-olds are going into business three times as frequently as 35- to 55-year-olds, with many looking at franchising opportunities. Veterans are becoming more visible in the franchise community as franchisors are actively recruiting them due to their many outstanding qualities
In 2012 the median gross annual income of franchises, before taxes, was in the $75K to $124K range, with more than 30% of franchisees earning more than $150K per year. The U.S. Chamber of Commerce found that 86% of franchises opened within the last five years are still under the same ownership, and 97% of them are still open for business. Lastly The minority ownership rate for franchised businesses increased from 19.3% in 2002 to 20.5% in 2007, compared to just 14.2% of non-franchised businesses.
For further information on how to start your franchised business, visit ALLSTATEFF.COM or call 1-800-544-2161 for a free consultation today.