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• There are an
estimated 1,500 different franchisors (franchise
companies) operating in the U.S.
• More than 75
different industries use franchising as a means to
distribute goods and services.
• A 1999 study
by the United States Chamber of Commerce found that 86%
of franchises opened within the last
five years were
still under the same ownership and 97% of them were
still open for business.
• A U.S.
Department of Commerce study conducted from 1971 to 1997
showed that during that time less than 5%
franchise
businesses were closed each year.
• 1 out of
every 12 businesses is a franchised business.
• A new
franchised business is open every 8 minutes of every
business day.
Please
contact
us today for a free consultation on how the services of
Hutchison & Gray, PLLC can
benefit you.
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