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Quick Statistics

Did you know?

  • There are over 3,000 different franchise concepts in the United States.
  • More than 780,000 franchised units operate in the United States (over 23,000 in Michigan).
  • The franchising industry and businesses employ nearly 8.3 million people in the U.S. (247,000 in Michigan).
  • The franchise industry accounts for 40% of all retail sales in the United States.
  • A new franchise business opens approximately every 8 minutes, every business day.
  • Approximately 1 out of every 12 businesses in the United States is a franchise business.
  • Average of royalties paid by Franchisees range from 3% to 6% of monthly gross sales.
  • Most franchise companies have fewer than 100 units.
  • The average length of a typical franchise contract is 10 years.
  • The top franchise industry is fast foods.
  • Franchising by those 55 and older is up 40% since 2007.
  • 80% of Michigan residents polled had a favorable view of family-owned businesses in their community.

Source: International Franchise Association

Top 10 Fastest Growing Franchises in 2022

Amount in (parentheses) indicates initial investment range.

See the latest from Entrepreneur Magazine

  1. 7-11 ($70K - $1.2M)
  2. Century 21 ($25K - $457K)
  3. KFC ($1.4M - $2.8M)
  4. Stratus Bldg. Solutions ($4K - $80K)
  5. McDonalds ($1.3M - $2.3M)
  6. RE/MAX ($43K - $287K)
  7. Jan-Pro ($4K - $56K)
  8. Sign Gypsies ($4K - $10K)
  9. Goosehead Insurance ($42K - $117K)
  10. F45 Training ($313K - 485K)

2022 Top New Franchises

Amount in (parentheses) indicates initial investment range.

As ranked by Entrepreneur Magazine

  1. Conserva Irrigation ($82K - $102K)
  2. Koala Insulation ($127K - $165K)
  3. Corcoran Real Estate ($53K - $546K)
  4. Card My Yard Signs ($8K - $17K)
  5. Sign Gypsies ($4K - $10K)
  6. Your CBD Store ($709K - $90K)
  7. Epic Wings ($454K - $1.3M)
  8. Hommati Photo & Video ($62K - $84K)
  9. Board & Brush Creative Studios ($64K - $90K)
  10. Mighty Dog Roofing ($216K - $313K)
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