PeakFranchise.com is adiing several team members in marketing, customer relations, research, and more! Why now? More than ever before, individuals going into business want the best possible chance of survival. Personal Services businesses will rank first in franchise output growth at 6.2% improving their relative position among the top 10 industry groups. Retail products and services will rank second in franchise output growth at 6.1% as a result of continued increase in consumer spending.The real estate industry will rank third with an estimated growth of 5.8% in 2012.Presently, there are round 3,000 franchise business companies in the United States. The franchise business industries generated an estimate of $2.1 trillion in the economy. PeakFranchise.com keeps you ahead of the trends. The franchising industry has provided around 18 million jobs in the US. Almost 4% of small busineses in the US are franchises basing on the International Franchise Association (IFA).More than 300 different industries and business categories that use the franchising business model as a means to distribute goods and services.Every eight minutes in every business day a new franchise business is opened.Total sales by franchised businesses are expected to reach over $2 trillion in 2012. A study by The United States Chamber of Commerce found that 86% of franchises opened within the last five years were still under the same ownership and 97% of the were still open for business. A U.S. Department of Commerce study showed that during that time less than 5% of franchise businesses were closed each year. A U.S. Small Business Administration study found that 62% of non-franchised businesses closed within the first 6 years of their existence due to failure, bankruptcy, etc. According to a recent article by the National Federation of Independent Business (NFIB), 1 of 4 small businesses with employees have their primary location at home, and over 85% of small firms are operated by owner-managers.
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