Census Bureau's First Release of Comprehensive Franchise Data Shows Franchises Make Up More Than 10 Percent of Employer Businesses
"The U.S. Census Bureau reports franchise businesses accounted for 10.5 percent of businesses with paid employees in the 295 industries for which franchising data were collected in 2007. Of the 4.3 million total establishments surveyed, 453,326 were either franchisee or franchisor-owned businesses.
Additionally, franchise businesses accounted for nearly $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 2007 Economic Census Franchise Report is the first comprehensive and detailed report by the Census Bureau on this segment of the U.S. economy. The concept of collecting these data was the result of a partnership between the Census Bureau and the International Franchise Association that focused on better measuring the role of franchising in the economy. Previous economic censuses included a question on franchising for only two industries, limited-service and full-service restaurants.."
Saturday, September 18, 2010
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