Franchise Businesses to See Slow Growth in 2010
Source: International Franchise Association

The 2010 economic outlook for the nation’s franchise businesses forecasts a slow recovery with marginal increases in the number of jobs, economic output and the number of establishments, but the continuing credit crunch will limit the amount of growth that franchise businesses have seen relative to prior recoveries.

The Franchise Business Economic Outlook for 2010, prepared by PricewaterhouseCoopers LLP (PwC) for the International Franchise Association’s Educational Foundation, forecasts that the number of business-format franchise establishments will increase in 2010 by 2.0 percent, from 883,292 to 901,093—a net gain of nearly 18,000 establishments. Jobs in franchise businesses are expected to grow 0.4 percent for a gain of 36,000 jobs after losing over 400,000 jobs in 2009. Overall economic output, the gross value of goods and services produced by franchise businesses, is forecast to increase 2.8 percent to $868.3 billion—an increase of $23.6 billion in 2010.

+ Franchise Business Economic Outlook for 2010 Fact Sheet (PDF; 728 KB)

This entry was posted on Tuesday, December 22nd, 2009 at 1:32 am and is filed under Business and economics, Small business and entrepreneurship. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.