Need proof that FranNet helps entrepreneurs not only go into business but thrive? We’ve got it, from a survey we conducted — and it’s some of the most exciting statistical information about the franchise industry we’ve seen in years.
The survey shows that 91.2 percent of the franchises we helped open from 2006-10 remained in business after two years, and 85 percent were still in business after five years.
The survey was of 1,260 franchisees who consulted us before they bought their franchise businesses. 64 percent two-year success rate for businesses, according to the Census; 91 percent for franchises FranNet helped. Over the first five years, half of businesses fail. Those that consulted with FranNet beforehand survived at an 85 percent clip. What’s more: Of the franchises we helped open, 15 percent became top performers in their franchise systems.
What’s especially impressive is that the Census figures cover a period of relatively high times, the boom years of the 1990s, when the chances of business success were pretty good. By contrast, the FranNet survey years of 2006-10 encompassed the worst economic climate since the Great Depression — and our franchises still performed spectacularly!
Want to see for yourself just how much sense owning a franchise business can make? Visit us at www.frannet.com.