Download - Are You Ready To Franchise Your Restaurant?
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?