40+ Franchise Statistics You’ll Want to Know for 2023

When looking into franchises, there’s a lot to understand. From who typically owns one to how much revenue they drive, you want to know everything there is to know about owning and operating a franchise.

On this page, we’ll cover over 40 franchise statistics that provide you with insight into the various facets of the franchise industry!

• General franchise statistics
• Franchise industry data on owners
• Fast food franchising statistics
• Other franchising statistics

Keep reading to learn more!

General franchise industry statistics

First on this list of franchise statistics for 2023, let’s look at some general statistics on franchises:

1. Over8.5 million peopleare employed by a franchise.
2. There are over3000 unique franchisesin the U.S.
3. 300companies begin franchising operations each year.
4. 10–20 yearsis the typical length of a franchise agreement.
5. The U.S. hasover 70of the world’s top 100 franchises.
6. A new franchise opensevery 8 minutesduring a single business day.
7. $827 billionis the economic output of franchises across the U.S.
8. 80% of franchisesare local or regional brands.
9. 53%的特许经营are owned by multi-unit franchise owners.
10. 37% of franchisesare classified under “food-related” — the rest of the franchises are spread across 28 other sectors.
11. 16% of franchisesare national or global franchises.
12. 10% of all businessesin the U.S. are franchises.
13. 5%–6%is the royalty percentage of a franchise.

Franchise statistics on owners

Want a better understanding of who runs franchises? Here’s a list of franchising statistics regarding owners:

14. The average age of a franchise owner isforty-four years old.
15. 83%of franchise owners work for a private company.
16. 69%of franchise owners are men.
17. 67%of franchise owners are White.
18. 62%of franchise owners hold a bachelor’s degree.
19. 31%of franchise owners are women.
20. 24%of franchise owners stay at their franchise for 1–2 years
21. 21%is how many franchise owners stay at their franchise for 3–7 years.
22. 19%of franchise owners work in the hospitality industry.
23. 15%of franchise owners are Latino.
24. 14%of franchise owners work for public companies.
25. 13%of franchise owners work in the professional industry.
26. 11%of franchise owners work in manufacturing.
27. 9%在零售特许经营业主的工作。
28. 6%of franchise owners are Asian.
29. 6%of franchise owners are Black.

Fast food franchise statistics

When you think of franchises, the first thing that typically comes to mind is fast-food restaurants. People visit these popular franchises every day to grab a quick bite to eat, making them a desirable franchise option.

Here are some franchise industry data on fast-food establishments:

30. Quick service restaurants account for$276 billion dollarsin economic output for the franchise industry.
31. 市场size of the pizza chain industry in the U.S. is$65 billion.
32. The gross annual sales of the largest pizza chain — Domino’s — is$17 billion.

33. It costs$1–$2 millionto invest in a McDonald’s franchise location.
34. There are192,000franchised fast-food establishments in the U.S.
35. With每年230亿美元的收入, McDonald’s is the largest franchise in the world.

36. It costs$10,000to set up a Chick-Fil-A franchise.
37. Over35,000 pizza restaurantsare chain restaurants.
38. Subway is the most franchised store, with over20,000 locationsacross the U.S.
39. 93%of McDonald’s restaurants were franchises as of 2019.
40. 82%of quick service restaurants are owned by multi-unit franchise owners.
41. Chain stores hold59%of the pizza market share.

42. 37% of Americansconsume fast food every day.

Other franchising statistics

To wrap up this list of franchising statistics, let’s look at some stats about other sectors within the franchise industry:

43. The pack-and-ship franchise industry is worth$3 billion.

44. 市场size for sports franchises is$34 billion.
45. There are969businesses in the sports franchise industry.
46. The healthcare franchise expenditure is expected to reach$6.2 trillionby 2028.
47. The healthcare franchise industry is expected to generate$100 billionin revenue by 2024.
48. The annual worth of theurgent care health franchiseis$30 billion.
49. The urgent care franchising industry is projected to grow by9%in the next five years.

Go beyond these franchise statistics for 2023

Knowing these franchise statistics is a great way to keep your finger on the pulse of what’s going on in the industry. But staying informed is only a fraction of the job — you need to focus on running your operation and driving more customers to your business.

Withfranchise digital marketing servicesfrom WebFX, you can. Our team of 500 marketing experts will help you get your franchise in front of more interested people so you can increase customers and revenue.

To learn more about whatfranchise marketingcan do for you,contact us onlineor call us today at888-601-5359to speak with a strategist!