Franchising Not Just For Food

kauai world:

Soon to compose nearly one-fifth of the restaurants in the United States, franchised food concepts are rapidly gaining in popularity among the world’s consumers, states an International Franchise Association press release.

More than 70,000 people attended last month’s 2006 National Restaurant Association show in Chicago.

“Franchised restaurants are a significant component of the overall restaurant industry,�? IFA president Matthew Shay states in the release.

Shay notes a PricewaterhouseCoopers study that determined there are more than 183,000 U.S. franchised food operations responsible for the creation of more than 3.6 million jobs, nearly $40 billion in payroll and an overall economic output of $144 billion, the release states.

In the United States, the franchise sector provides employment for more than 18 million people through some 760,000 small businesses that contribute more than $1.5 trillion or nearly 10 percent of the nation’s private-sector economy, in 80 different industries, the release states.