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

Recommended Reading:


comments powered by Disqus
Golden Corral


Franchise Update Media (FUM) is the trusted resource for the franchise industry. For 30 years, FUM has been the leader in providing valuable...
Silvercrest has created a one-stop shop solution for all of your marketing needs. By allowing franchisees to order print on demand and all of their...
InterContinental, Atlanta
JUN 18-20TH, 2019

Share This Page

Subscribe to Franchise Leadership & Development Report

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2019.
All Rights Reserved.