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Franchise Industry Statistics

If you’re considering owning a franchise, you’re probably deep in research. What are the franchise success statistics? What are the franchise failure statistics? Does it make sense for you to open a new franchise location or pursue an existing franchise location for sale? As a leader in home service franchising, Neighborly® is sharing today’s top franchise industry statistics to help inform your next career move.

National Franchise Statistics

Interested in knowing more facts and figures about the franchise industry? Read on to discover some interesting U.S. franchise success statistics.

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  • There are over 712,000 franchise owners, according to Zippia.
  • The U.S. Bureau of Labor Statistics reports that about 31.1% of independent businesses close after two years. They also show that service-based businesses outperform the average, with 74.2% still going strong after two years.
  • According to Zippia, about 31% of all franchise owners are women.  In a future of franchising article, it has been shared that female franchise ownership has jumped by 38% over the past decade.  In addition, Forbes reports that women-owned business earnings rose by 27% in 2022, more than male owned businesses grew in the same period. 
  • 10.5% of all businesses are franchises, according to the U.S. Census Bureau.
  • About 62% of franchise owners have a bachelor’s degree.
  • About 14% of all franchisees are veterans.  As of 2021, veterans own 66,000 franchises and generate $41 billion in GDP.
  • The U.S. franchise sector is comprised of more than 805,000 businesses.
  • Franchises account for about 3% of national GDP.
  • "Top Five Growing Franchise Industries and Industry Trends" reports the top growing franchise industries include quick-service restaurants; personal services; commercial and residential services; retail food, products and services; and business services.

The Energy of an Independent Business. The Experience of a National Brand.

Interested in franchising? Neighborly offers franchise opportunities nationwide in unique home service niches. With the rise of home repair, improvement, and remodeling activity in the U.S., our brands are stronger than ever before.

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