Numbers on Franchising
Franchising has existed as a significant sector for a some now. Markets all over the world have marvelled at its rapid development, particularly during the second half of the previous century. Here are another ten staggering figures from the field of franchising, if only to add to that.
Best 10 Franchise Statistics
There are 7,59,240 franchise locations globally, producing a total of USD 757.2 billion in economic production.
The IFA (International Franchise Association) estimates that 4% of all small firms in the USA are franchisees, therefore even small and medium-sized enterprises are seeing an increase in franchising.
Less than 100 units are operated by the majority of franchise brands.
Seven-Eleven had 68,236 locations worldwide as of March 31, 2019, making it the largest franchisor in the world.
(Data from Statista)
In fact, all but two of the Top 20 franchises in the world—Tim Hortons (Canada, Rank 18) and CNHLS—have their corporate headquarters in the United States of America (Also called Wallace Foods, China, Rank 19). In all, 70 of the top 101 franchises are located in the United States. The lone Indian brand on the list is Cafe Coffee Day (Rank 46), which has roughly 1800 locations. (From Wikipedia)
The Indian franchise market is expected to expand by roughly USD 140-150 billion during the next five years.
Economic Times, cited
With a total economic output of USD 250 billion, QSR (Quick Service Restaurant) franchisees are in first place, followed by business solutions with around USD 100 billion.
4,72,950 of these franchises are found in the retail food industry, 6,54,160 are in business services, and 5,16,990 are in personal services. (Data from Statista)
Additionally, McDonald’s makes $3.89 billion in royalties.
An extra 39% of the top 200 restaurant franchises have expanded internationally in the last three years. (Refer to FranData)
Before you depart, a word
Well, crunching these figures revealed some intriguing data. We sincerely hope you liked reading these data as much we did putting them together. Please contact us if you would like more information about franchise business possibilities in India.
