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Commercial zones in every medium-to-large city in the United States commonly offer several franchises. It is likely that you are one of their regular customers. They have become an increasingly popular way of doing business:
• Franchise businesses account for nearly 50% of all retail sales in the United States.
• Franchise businesses employ more than 14 million Americans.
• Seventy-five industries use franchises to distribute goods and services to consumers.
• A 1999 study by the U.S. Chamber of Commerce found that 86% of franchises opened within the last five years were still under the same ownership and 97% of them were still open for business.
• A U.S. Department of Commerce study conducted from 1971 to 1997 showed that less than 5% of franchised businesses were closed each year.
• Total sales by franchised businesses are projected to reach $1.7 trillion dollars this year.
• 1 of every 12 businesses is a franchised business.
• A new franchised business is opened every 8 minutes of every business day.
Find out for yourself – stop by a franchise and ask the owner how they started. Are they making a good living? Would they go back to working for somebody else? Then, give us a call. We would like to help you select a great franchise.
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