Franchises safer in hard times
Company Added
Company Removed
Apply to Request List

Franchises safer in hard times

IN TOUGH economic times, franchises are a relatively safe way of doing business.

This is evident in the 2008 Standard Bank Franchise Factor survey, which showed that only about 3 percent of franchises fail, whereas the percentage of failed start-up businesses is much higher.

The survey showed that, between 2006 and 2008, the contribution to GDP by the franchise sector rose to 12.57 percent from 12 percent and the sector created 3600 new businesses.

The sector that has the most franchised businesses is retailing, followed by restaurants, building, office and home services, fast food, and automotive.

Published: October 20th, 2008

Share this Feature

Scooter's Coffee
SPONSORED CONTENT
Scooter's Coffee
SPONSORED CONTENT
Scooter's Coffee
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
Urban Air Adventure Park
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

Blink Fitness
ADVERTISE SPONSORED CONTENT
Conferences
InterContinental, Atlanta
JUN 21-24TH, 2021

Franchise Update Media (FUM) is the trusted resource for the franchise industry. For 30+ years, FUM has been the leader in providing valuable...
From lead generation to increasing sales, Hot Dish Advertising is the pro at getting your message in front of those who matter most--consumers...

Share This Page

Subscribe to Franchise Leadership & Development Report