So, your business has been a huge success over the past few years and you are looking to grow and expand, but you’re wondering if establishing a franchise model is a good option. While there is always risk when going in a new direction, the US economy is finally showing evidence of recovery and expansion. Therefore, there is likely no better time than now to franchise your business.
Franchising Continues to Expand
In just the last several years, national statistics have proven that franchise growth has gone from about $675 billion a year back in 2007 to estimated projection of over $800 billion today with no sign of slowing anytime soon.
Every year more and more successful businesses are franchising their operation. Every year more and more investors continue to invest in franchise operations because they know they will live the dream of being in business for themselves yet have the confidence in knowing that they will not be in business all by themselves.
Franchises continue to create jobs all across nearly 300 industries nationwide. In fact, last year franchises increased their rate of employment over 2% and now create over 8 million jobs throughout the US and franchise operations account for over ten percent of all American small businesses.
With Business Broker World’s many years of business and franchise experience, we have the ability to convert your business to a regional or national franchise. Even more so, we can guide you every step of the way, so that your newly franchised business can get off the ground running.