We are excited to see how well the franchise industry has performed coming out of the recession.
New York, NY (PRWEB) August 21, 2014
Based upon the performance of 1,695 companies that operate franchise systems in the United States, the franchise industry grew by 3.8% between 2010 and 2014.
The analysis and conclusions in FranchiseGrade.com's Industry Report are based on the data collected from Franchise Disclosure Documents.
Key findings (from 2010 to 2014):
- Franchise Industry growth — 3.8%
- new franchised outlets opened — 135,289
- outlets ceased operations — 58,104
- yearly Franchisee Turnover Rate (FTR) — 9.9%
- franchisee investments — $59 Billion
"We are excited to see how well the franchise industry has performed coming out of the recession," stated Jeff Lefler, founder and CEO of FranchiseGrade.com.
A Franchisee Turnover Rate (FTR) of 9.9% per year is one of the most interesting findings in this report.
Over 135,000 new franchised outlets were opened, while a combined 118,000 outlets were closed or reacquired and an additional 46,000 outlets were transferred.
According to Mr. Lefler, “The industry has experienced steady growth, but there should be some concern about the yearly FTR. Further analysis will help us understand the contributing factors."
For more details about this Report visit FranchiseGrade.com.
FranchiseGrade.com is the leader in competitive market research and objective analysis for the franchise industry. Their franchise assessment, grading and standardized reporting tools provide industry stakeholders with critical data driven metrics to support the growth of successful franchise systems. FranchiseGrade.com plans to raise the bar for franchise industry market research and build a stronger franchise community.