Report Measures The Economic Importance Of Franchise Operators
Company Added
Company Removed
Apply to Request List

Report Measures The Economic Importance Of Franchise Operators

Report Measures The Economic Importance Of Franchise Operators

A first-of-its-kind report from the International Franchise Association (IFA) and Oxford Economics sheds light on the impact and importance of franchising in America.

The report, The Value of Franchising, details how franchisees are local business leaders who contribute to economic growth, job creation, and charitable endeavors in their communities. The report also coincides with the IFA’s newly launched, purpose-driven campaign, Open for Opportunity, highlighting the stories of members and what it truly means to be part of the franchising community.

“Today’s report shows how important franchises are to driving our economy forward as we recover from the Covid-19 pandemic. The advantages of the franchise model are undeniable. They drive higher sales, employ more workers than their counterparts and are demonstrated leaders within their own communities, contributing to economic growth, job creation, and charitable endeavors,” said Matthew Haller, president and CEO of the International Franchise Association. “This report, in conjunction with our campaign establishes how franchises are part of something bigger than ourselves. We are rising to our community’s challenges and the franchise model is working—for our families, our neighbors, and our communities.”

Key highlights from the report illustrate how franchisees: 

  • Report sales 1.8 times as large as comparable non-franchise establishments, on average. Black-owned franchises earn 2.2 times as much in sales compared to Black-owned independent businesses, on average.
  • Provide 2.3 times as many jobs than their non-franchise counterparts, on average.
  • Pass their success on to employees in the form of higher wages and benefits and greater opportunity for advancement.
  • Pay 2.2 – 3.4 percent higher wages than similar non-franchises. 

The report also noted that more than 65 percent of franchise workers are offered health insurance - a greater proportion than among small establishments in general.

More than 4,000 franchise operators were surveyed for the report.

Published: September 29th, 2021

Share this Feature

Dunkin'
SPONSORED CONTENT
Dunkin'
SPONSORED CONTENT
Dunkin'
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
Goldfish Swim School Franchising, LLC
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

Angry Crab Shack
ADVERTISE SPONSORED CONTENT
Conferences
Caesar's Forum, Las Vegas
MAR 29-1ST, 2022

Own a highly profitable business that impacts lives in your community by jumping into action as an Urban Air franchisee owner.
Cash Required:
$600,000
Request Info
Veronica's is the Fastest Growing Hispanic Insurance Franchise in the USA. Top 3 Broker in California. 25 years of experience with the best...
Cash Required:
$45,000
Request Info

Share This Page

Subscribe to Multi-Unit Franchisee Report