The franchise business model plays an important role within the US economy. Prior to the pandemic, in 2019, the economic output of franchise establishments in the United States was about $787.5 billion and represented 3% of the country’s GDP. Most people immediately associate franchising with fast-food restaurants. However, quick-service restaurants are just a fraction of the entire sector, making up only a fourth of all franchised establishments, less than half of the workers, and just over a third of the economic output.
What you will learn:
Topics: Economic impact, Workforce, US economy, Employment, Forward thinking newsletter - US, Franchising