TL;DR
There were an estimated 745,078 franchise establishments in operation in the U.S. in 2017, with an average growth rate of 1.6% across all 10 business-format lines. The top 5 states for Franchise Employment Growth in 2017 were Utah, Florida, Oregon, Nevada, and Washington.
2. The number of franchise establishments increased an average 1.6% in 2017 across all 10 business-format lines.
3. The personal services line takes the lead with 2.5% in franchise establishments growth, followed closely by the quick service line at 1.8% growth.
4. Estimated franchise employment in 2017 was 7,878,800.That’s a year-over-year increase of 3.1%.
5. The top 5 states for Franchise Employment Growth in 2017 were
Utah (5.2%)
Florida (4.4%)
Oregon (4.4%)
Nevada (4.1%)
Washington (4.0%)
6. Top 5 states for Franchise Output Growth: 2017
Utah (7.6%)
Florida (7.0%)
South Carolina (7.0%)
Washington (6.7%)
Wisconsin (6.5%)
7. 7-Eleven was ranked 1st in Entrepreneur’s 2017 Franchise 500 Ranking.
8. More than 22% of the 988 companies that submitted their information for Entrepreneur’s 2017 Franchise 500 ranking started franchising in the past five years.
9. Mosquito Joe was ranked 1st in Entrepreneur’s 2017 Top New Franchise Ranking.
10. 76% of all voters have a favorable view of neighborhood family-owned franchise businesses according to www.franchiseeconomy.com.
In this story
This story was originally published in 1851 Franchise on January 24, 2018. Burnaze summarizes and links to the original reporting.
Read the full story at 1851 FranchiseLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.