Franchise

Abstract

Franchising is the most popular way of growing a business in the United States today. It started at the end of 1895. According to every governmental survey, franchising has experienced explosive growth since the mid-70s and it is expected to be the leading method of starting a business this century. Today, 50% of the enterprises are expanding through franchise.

In the United States, there are over 2,500 franchise systems. These systems have in excess of 534,000 franchise units, which represent the 3.2% of the total enterprises. This ratio controls over 35% of all retail and service revenue in the U.S. economy.

In our country, franchising has a history of 20 years. Today, it is developing rapidly but steadily helping more than 200 companies to grow.