U.S. Small Business Administration study conducted from 1978 to 1998 found that 62% of non-franchised businesses closed within the first 6 years of their existence due to failure, bankruptcy, etc. In contrast, a 1999 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 new franchised business is opened every 8 minutes of every business day.
In 2000, the median gross annual income of franchisors was in the $75,000 to $124,000 range, with over 30% of franchisees earning over $150,000 per year.
According to the February 2005 article by the National Federation of Independent Businesses (NFIB), 1 out of every 4 small businesses with employees have their primary location at home. Firms opened by owner managers account for 85% of all small business.
