When reading the numbers, the industry’s impact becomes obvious.
The first full U.S. Census Bureau report on franchising has found that franchise businesses accounted for 10.5 percent of all businesses with paid employees in 295 industries.
Among the 4.3 million businesses surveyed, 453,326 were either franchisee or franchisor-owned.
Franchise businesses accounted for about $1.3 trillion of the $7.7 trillion in total sales for these industries, $153.7 billion out of the $1.6 trillion in total payroll, and 7.9 million workers out of a total workforce of 59.0 million.
The detailed 2007 survey was conducted via a partnership between the Census Bureau and the International Franchise Association.
From the report:
* Limited-service restaurants or fast food restaurants, had the highest number of franchise establishments with paid employees (124,898), followed by gas stations with convenience stores (33,991) and full-service restaurants (30,130).
* New car dealers led in sales for franchise establishments ($687.7 billion), followed by gas stations with convenience stores ($131.1 billion) and limited-service restaurants ($112.6 billion).
* Limited-service restaurants also had the third highest percentage (59.1 percent) of franchise establishments compared with all establishments within that industry, surpassed only by new car dealers(100 percent) and private mail centers (67.9 percent).