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Strategy Plan One
July 3, 2012
Franchise Opportunities – Outlook in US
As citing in recent blogs on economic indicators, the franchise business industry appears to be shaping up well for 2012. The past couple years have shown favorable growth trends, which may continue. The International Franchise Association (IFA) has produced an infographic, chalked full of franchise economic tidbits of information.
Some franchise opportunities and economic estimates for 2012 and beyond:
- 5.3% output increase
- 5.0% increase in GDP
- 2.2% employment growth in the franchise industry
- 1.7% increase in the number of franchised establishments
Franchise Business industries that will see the greatest gains:
- Fast food: $203 Billion in revenue and over 3 Million jobs
- Business services: $145 Billion in revenue and almost 1 Million in employment
- Personal services: $87 Billion revenue projected and 650,000 in jobs
Source: IFA , IHS
Ensure you thoroughly research and investigate your potential business ventures, including franchise opportunities. If you choose well, franchises can be turn-key operations, with immediate revenue streams and ample business support structures. Although franchises can range in capital requirements, some provide adequate assistance with financing linkages.
Read More on Franchise Opportunities:
Other articles, blogs and infographics on Retail and Franchises:
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