Franchising is a business model whose primary purpose is risk minimization. Every study ever done on the success rate of new (non-franchise) business startups concludes the same thing – starting up a new business if very risky. Most studies show that over 90% fail within three years. The primary reason that the failure rate is so high is because the owners have to go through the learning curve of operating that specific type of business.

A recent Gallup Poll of franchisees found that over 94% considered themselves successful and that over 75% would buy their franchise again if they had it to do over. The same poll found that the average pre-tax gross income was $124,290. As Mr. Spock of the original Star Trek series would say regarding franchising, “The Logic is Inescapable.”

Franchising Facts:

• Estimates indicate there are more than 800,000 franchised businesses currently in the United States
• Over 10 million jobs in franchised businesses in the United States alone
• The annual payroll provided by franchised businesses exceeds $250 billion
• Nearly $650 billion in revenue is generated from franchised businesses each year in the United States alone

Find out if converting your business to a TeamLogic IT is the right path for you. Complete and submit the following form or contact the corporate office by calling 866/TeamLogic.