admin September 18th, 2010
(Buy a Franchise, Seattle Franchise, Bellevue Franchise)
Franchises with paid employees make up 10.5% of U.S. businesses, according to the Economic Census Franchise Report. Keep in mind that this number does not include the millions of Franchises that have no employees. The report also notes franchise businesses employ 7.9 million workers and account for sales of nearly $1.3 trillion. “We are pleased that the U.S. government has recognized franchising as a significant business model,” International Franchise Associations’s Alisa Harrison said. “Census officials told us they received a very good response to their franchise questions and so we feel we have a fairly accurate snapshot of franchises with paid employees.”
This information is gathered on an annual basis, and is very important to understand when analyzing the U.S workforce. The numbers continue to show and indicate that the Franchising modes is a very significant contributor to U.S. GNP.
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- Franchise Economics