New Data Sheds Light on Multi-Unit Franchising

New data highlights the importance of research and corporate support for successful multi-unit franchising, with Franchise Business Review surveying 9,125 multi-unit franchisees.

Read the original at 1851 Franchise
New Data Sheds Light on Multi-Unit Franchising

TL;DR

Franchise Business Review surveyed 9,125 multi-unit franchisees representing 317 franchise brands to determine the brands with high franchisee satisfaction. The survey found that 90% of multi-unit franchisees enjoy operating their business and 84% are satisfied with their franchise.

Franchise Business Review recently surveyed 9,125 multi-unit franchisees representing 317 franchise brands to determine the brands that had high enough franchisee satisfaction to make its 2017 Top Multi-Unit Franchises list . Brands that made the list such as Checker’s & Rally’s, Miracle Method Surface Refinishing, Right at Home* , Sport Clips* and TWO MEN AND A TRUCK* highlight the wide array of franchise sectors that exist.

  • 11% male/female partnership

  • 67% have bachelors degree or higher

  • 22% have an advanced degree (overlap with above)

  • 20% have no college degree

Multi-Unit Franchise Owner Pre-Tax Income Data

Top Three Most Lucrative Multi-Unit Franchise Sectors

What Multi-Unit Franchisees Think About Their Franchising Experience

  • I enjoy operating this business - 90%

  • ?I enjoy being part of this organization - 88%

  • Overall satisfaction with franchise - 84%

  • Overall satisfaction with franchisor and the opportunity provided - 84%

  • Would recommend their franchise brand to others - 83%

  • I respect my franchisor - 83%

  • Would "do it again" knowing what they know today - 80%

  • I believe my franchisor acts with a high level of integrity - 79%

  • Is meeting financial expectations - 63%

To learn what to look for in a franchise from a multi-unit investment perspective, how to finance multi-unit expansion, and receive advice from both multi-unit franchisees and franchisors regarding achieving multi-unit success, read Franchise Business Review’s Top Multi-Unit Franchises guide .

In this story

This story was originally published in 1851 Franchise on April 25, 2017. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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