The franchising concept is an American
phenomenon. With over $1 Trillion in sales annually, 40% of all consumer
purchases are made through a franchise.
The United States Department of Commerce
reports that less than 5% of the nation's franchises fail each year. Compare
that to the Small Business Administrations records showing that 90% of all
private businesses eventually fail. Most within the first year. Franchising
is a strategy that promotes the dynamic relationship of established business
know-how and the entrepreneurial spirit. The result is a win-win situation
as evidenced by the Department of Commerce statistics.