Franchising History.
There is evidence that Franchising began in England in the Middle Ages, when the Monarch granted licenses to his Barons, Knights and Lords of Manor to exploit the land under their control.More recently a form of franchise known to most of us is that of the trade with Public Houses on a tenancy basis.
The USA in the 60's and 70's showed a rapid growth of franchising. At least one third of all retail sales was carried out via the franchising method with nearly 2,000 companies offering franchise opportunities.
Since then there has been commitment to the Franchise concept by many major companies who had previously been engaged in the more traditional business formats.
Franchising is big business in the USA
There are 1,800 franchises whose franchisees operate nearly 350,000 outlets every business sector from fast food to environmental services to computer education.
The widely recognised brands with more than 500 stores make up only nine percent of the entire sector. Most have fewer than 100 stores.
Total Franchise sales are estimated to exceed $1 trillion in the year 2009
Franchising accounts for almost 50% of all US Retail Sales
One of every 10 Businesses in the US is a Franchise
A new Franchise opens every 7 minutes of each business day,
For every new Franchise that opens, 8 to 14 jobs are created,
More than 15 million people are employed by Franchisees in more than 60 different industries.
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