10 of the Most Fascinating Franchise Facts

Join The Wolf as he dives into the fascinating world of franchising with a data-driven episode.  In this episode, The Wolf shares ten intriguing statistics about the franchise industry, providing valuable insights for both aspiring entrepreneurs and established franchise owners alike. He’s breaking down the vital stats any aspiring or current franchisor should know, like the average number of units signed but not opened for a franchise, the median unit growth per franchise per year, and the challenges of franchise expansion.  Plus, what’s the average failure rate of brands? How about the average number of franchise territories and locations operating in the US? For the answers to that, and more interesting facts, tune in to find out!   00:00:00 - 10 Fascinating Franchise Industry Facts 00:01:35 - The Truth About Franchises in America 00:05:00 - The Truth About Franchise Numbers 00:06:53 - The Challenges of Franchise Expansion 00:08:03 - Challenges of Franchise Location Growth 00:09:24 - Franchise Success Rates and Trends 00:12:49 - Franchises Lack Transparency in Financials 00:17:12 - Challenges of Opening Franchise Units   Follow The Wolf:  Newsletter: https://workweek.com/brand/the-wolf-of-franchises/ YouTube: https://www.youtube.com/@thewolfoffranchises Twitter: https://twitter.com/franchisewolf Website: https://www.krokit.com   Are you a future franchise entrepreneur? Find all of the tools you need to launch, operate, and expand your franchise empire with the platform created by The Wolf himself, Krokit.com.   And if you’ve enjoyed listening to Franchise Empires, I’d be so grateful if you could drop me a 5-star review on Rate My Podcast. Thank you so much!