Franchise Survival Rates

A new franchise unit is opened or started every 8 minutes of every day. A U.S. Dept of Commerce study shows that less than 5% of all franchised businesses are closed each year. Non-franchised businesses had a much higher rate of failure. The average income of franchised units is between $70,000 and $125,000 yearly, some very successful ones much higher. Not every franchise achieves these number and the level of success is based on the efforts of the owners.
More on starting a business in my upcoming book "The Smart Guide for Business Start-ups" due out in Fall 2011.