The positive impact from franchise businesses in 2012 is once again projected to be strong. The International Franchise Association commissioned a study from HIS Global Insight to understand the state of franchising and project this new year.
This study, which is done annually, has proven to be very accurate in the past. the highlights from this year’s study project nearly 14,000 new franchised locations to open in 2012 with a net job increase of nearly 170,000. That’s equal to a dozen jobs per franchise. The economic output from franchises is also expected to grow by 5 percent. As in 2011, franchises are expected to outperform the economy in general.
The report does highlight the difficulty in new franchisees receiving funds from traditional credit sources. I personally think that will change in 2012. I’m basing that opinion on the number of local bankers who have called me in the last few weeks reminding me of their services.
If you are interested in being part of this positive trend, call us at (913) 888-1400 to set up an appointment or stop by our location at 95th & Quivira and we will start you on your journey to business ownership.