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Quick Statistics

Did you know?

  • There are over 3,000 different franchise concepts in the United States.
  • More than 730,000 franchised units operate in the United States (over 23,000 in Michigan).
  • The franchising industry and businesses employ nearly 7.6 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 New Growing Franchises in 2018

See the latest from Entrepreneur Magazine

  1. Dunkin' ($229K - $1.7M)
  2. 7-Eleven Inc. ($47K - $1.2M)
  3. Planet Fitness ($970K - $4.2M)
  4. Jan-Pro Franchising Int'l. Inc. ($4K - $55K)
  5. Taco Bell ($525K - $2.6M)
  6. Orangetheory Fitness ($564K - $999K)
  7. Great Clips ($137K - $258K)
  8. Mac Tools ($129K - $283K)
  9. Cruise Planners ($2K - $23K)
  10. Jazzercise Inc. ($2K - $17K)

2018 Top New Franchises

As ranked by Entrepreneur Magazine

  1. uBreakiFix ($60K - $225K)
  2. velofix Group of Companies ($169K - $203K)
  3. Fyzical Therapy & Balance Centers ($139K - $399K)
  4. The Flying Locksmiths ($122K - $366K)
  5. Amazing Lash Studio ($251K - $504K)
  6. Rockin' Jump ($1.4M - $2.9M)
  7. Style Encore ($264K - $398K)
  8. Lendio Franchising ($39K - $112K)
  9. Goliath Tech Inc. ($73K - $176K)
  10. Experimac ($142K - $321K)
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