Neighborly | Franchising Statistics

831,000

franchise establishments are in the U.S. as of 2024, with 2.5% growth projected for 2025, reports the International Franchise Association (IFA).
74.2%

of service-based businesses are still going strong after two years, reports the U.S. Bureau of Labor Statistics. This is 6% higher than the average survival rate across all small businesses.
11.4%

of all businesses are franchises, according to the 2017 U.S. Census Bureau report.
33%

of 8,500 women surveyed by Women In Franchising are multi-unit franchise owners, according to Franchise Business Review.
1 in 7

franchise owners is a Veteran, reports the Department of Labor.
712,000

U.S. franchise owners are currently in business, according to Zippia.

In 2024, the U.S. home services franchise market was valued at $225,023.20 million and is projected to reach $395,856.80 million by 2032, according to Verified Market Research.
Franchises are projected to contribute $578 billion to U.S. GDP in 2025, reports the IFA. Franchising’s growth will outpace that of the overall U.S. economy. A forecast by the nonpartisan Congressional Budget Office indicates that the nation’s GDP will increase by just 1.9% in the same year.
In 2025, the IFA expects franchising to add approximately 210,000 jobs, growing at a rate of 2.4%, bringing franchising employment to more than 9 million jobs.
The top 10 fastest-growing states for franchise growth are: Georgia, North Carolina, Virginia, Arizona, South Carolina, Pennsylvania, Tennessee, Florida, Colorado, and Maryland. IFA.

Franchise Statistics