Is it time for you to own your own franchise business and be
YOUR OWN BOSS?
2022 Economic Forecast for Franchising
Franchising had an exceptional year in 2021, and 2022 looks like another strong year of recovery. Bolstered by both the strengthening labor market and steady consumer spending, franchising is expected to continue to expand, trending upwards with the United States overall economic progression, but the pace of growth in 2022 is most likely to moderate due to the current headwinds in the economy. (Source: Frandata)
Franchise Ownership Models: Operator, Semi-Absentee Owner, Owner, or Investment Opportunity.
Types of Franchise Businesses: Brick and Mortar, Home based, or Mobile business.
Types of Ownership:
Single Unit
Multi-units: It is estimated that there are 45,000 multi-unit owners in the US amounting to 228,000 units, which accounts for more than 54% of all franchise units. (Source: Franchise 500.com)
Area Developer: Acquire the exclusive rights to a large territory, i.e., a city or state, with a pre-determined period to open franchises, by themselves or with other franchise owners.
For more information about what is the best model, type of business, and level of ownership for you, contact us here or call 636-530-6925 to schedule a free consultation.
