Why
Open a Coffee Franchise?
The
concept of "franchising" or licensing operators originated decades ago
and has become very popular ever since. It has been said that 1 out of 12 businesses
in the states is a franchise. Franchising
is so popular because it allows entrepreneur to own and operate their own business,
profit from the use of an established brand name, and benefit from a proven system
of operations. Franchise companies also provide guidance and consultation on personnel,
training, audits and controls, and share in the success of an established marketing
plan. A coffee franchise or licensing
a coffee brand identity and support can give you access to a successful proven
business system. Important
Franchise Facts: - Franchise
operations in the United States account for 42% of all retails sales.
- Retail
sales for franchises are expected to reach $1 Trillion in Year 2000.
- According
to the US Department of Commerce from 1971 to 1987, less than 5% of the franchise
businesses were closed each year.
- Arthur
Anderson & Company found in 1991, almost 86% of all franchises opened in the
previous five years was still under the same ownership and 97% were still in business.
- According to statistics
from the US Small Business Administration from 1978 to 1988, 62% of all non-franchised
businesses closed within the first six years due to failure, bankruptcy, retirement,
or other reasons.
- More
than 8.5 million Americans are employed by franchised businesses.
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