Despite Challenges, Franchising Continues to Rebound in 2014
Franchising continues to rebound, but growth is slowing slightly. The number of franchise establishments in 2013 was expected to increase 1.4 percent (vs. 1.5 percent in 2012, the first gain since 2008), according to the International Franchise Association (IFA). The sector created an estimated 11,000 new establishments and 150,000-plus jobs in 2013, outpacing the overall U.S. economy in business formation and job growth. In fact, franchising accounts for roughly 10 percent of new U.S. jobs. Total 2013 sales from the sector were expected to reach $802 billion, up 4.3 percent from 2012.
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