are you ready to franchise your restaurant?
Post on 14-Jan-2015
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Are You Ready To Franchise Your Restaurant?
Richard J. Sharoff, CEO, FranPoint Partners, LLC
David L. Cahn, Owner, Franchise and Business Law Group
Shawn Foster, President & CEO, Foster’s Grille
ECONOMIC IMPACT OF FRANCHISED BUSINESSES 2001-2005
TWO TYPES OF ECONOMIC IMPACT
What happens IN franchised businesses
What happens BECAUSE OF franchised businesses
DIRECT ECONOMIC IMPACT
Over 900,000 establishments Over $880 billion 4.4% of U.S. economy
DIRECT EMPLOYMENT
MORE JOBS THAN MANY OTHER SECTORS
OUTPUT 40% to 20%
JOBS 12.6% to 3.5%
PAYROLL 21.6% to 15.4%
ESTABLISHMENTS18.5% to 15.9%
Q & A
What is the most surprising challenge to franchising?
What is the most exciting benefit of franchising?
What are the most important questions that a potential franchisor must ask before pursuing franchising?
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