The US Census Bureau just released a ton of data concerning the franchise industry in the United States, and it’s impact on the economy.
Limited-service restaurants, sometimes called fast food restaurants, had the highest number of franchise establishments with paid employees (124,898), followed by gas stations with convenience stores (33,991), and full-service restaurants (30,130).
- New car dealers led in sales for franchise establishments ($687.7 billion), followed by gas stations with convenience stores ($131.1 billion) and limited-service restaurants ($112.6 billion).
- Sales for franchise establishments in the diet weight loss centers industry represented 62.7 percent of all sales for that industry, number three behind new car dealers (100 percent) and limited service restaurants (74.4 percent).
- Limited-service restaurants also had the third highest percentage (59.1 percent) of franchise establishments compared with all establishments within that industry, surpassed only by new car dealers (100 percent) and private mail centers (67.9 percent).
- Sales per establishment in the used auto dealer industry tended to be higher for franchise businesses than for non-franchise businesses. Franchise establishments in this industry reported sales per business of $16.2 million versus $2.5 million for the industry as a whole, a difference of $13.7 million.
Here’s the rest of the US Census Bureau Franchise Report.
How to Use a Franchise Opportunity Website
The 10 Commandments of Franchise Research
What You Need To Know About Franchise Consultants/Brokers