Study: Number of franchises is soaring
From CNNMoney.com: Established franchises are booming, while over 500 new franchises were formed last year. A third of all franchises had more than 100 operating outlets and nearly half had more than 50.
The article also states:
Over the past three years, around 900 businesses started franchising. In 2005, there were over 500 new franchise businesses, that is up from 220 in 2004 and 207 in 2003.
A third of all franchises had more than 100 operating outlets and nearly half had more than 50. Significantly influenced by the growing number of new franchises in the past few years, 25 percent had 10 or less units.
There are 767,483 franchise businesses in the U.S., according to a study by PricewaterhouseCoopers based on data from 2001, the latest figures available.
The franchising sector's impact on the economy exceeds $1.5 trillion and provides more than 18 million jobs, according to PricewaterhouseCoopers.