FranWealth Partners

As franchises continue to be front and center in both presidential campaigns, here are some facts about the business model that has helped build @McDonalds and so many other iconic brands: - There are over 806,000 individually owned and operated franchise small businesses in the U.S. 81% of franchisees own just one unit. - Franchised businesses generated over $858.5 billion in output in 2023, representing nearly 3% of U.S. GDP. The growth of franchising has continually outpaced the growth of the broader economy. - In Pennsylvania, there are approximately 29,000 franchised businesses, employing nearly 300,000 individuals, contributing $30.3 billion to the state’s economy. - Franchisees are independent business owners, owning and operating their own businesses, managing their employees, making day-to-day business decisions, and serving as dedicated members of their communities. - Franchising is one of the greatest paths to entrepreneurship, especially for underrepresented communities, a way to go into business for yourself, but not by yourself. Nearly 1/3 of business owners say they wouldn’t own a business without franchising. - Franchising is much more than just fast food with over 300 lines of business in franchising. Quick-service restaurants make up only 25% of all franchises.