Franchising is responsible for 760,000 businesses, 18 million jobs, 14% of the private sector employment, and over $500 billion in payroll over a 4 year period. The index that tracks the performance of the top 50 franchisors increased 34.5% compared to a drop of 20.1% in the S&P 500 over the same period. There were 29.6 million businesses in 2008 in the United States, and only 2,400 are franchises. The success rate of a franchise is much higher than a business that hasn't gone through the fire to become a franchise.
Here are some statistics to give you that peace of mind. A 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 showed that during that same time less than 5% of franchise businesses were closed each year.
During this recession every entrepreneur is searching for an industry that has stability. In 2009 the Commercial cleaning industry was a $130 billion industry and is considered one of the fastest growing industries in the U.S. with a projected growth of over $170 billion annually by 2013. According to the U.S. Bureau of Labor Statistics, the fastest growing occupation for the next decade is that of a professional cleaning specialist.
As long as there are commercial buildings, office complexes, banks, retail shopping centers, industrial facilities and medical centers, there will always be a need for quality-minded cleaning professionals, regardless of economic conditions. As new buildings are completed and new businesses open, there will be more commercial cleaning opportunities.
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