Key Takeaways
- Franchises show much higher survival rates than independent businesses, with 92% still operating after two years.
- U.S. franchise output reached $896.9 billion in 2024, reflecting strong post-pandemic growth and resilience.
- About 90% of franchisees renew their agreements, indicating long-term profitability and satisfaction.
- Franchises benefit from brand recognition, proven systems, and operational support that independents lack.
- Success still depends on due diligence, location choice, and individual commitment from each franchisee.