Despite a rocky market, franchise businesses continue to perform well.
This message from the International Franchising Association comes on the heels of a Pricewaterhouse-Coopers study this week on growth of such businesses nationwide.
Ohio ranked seventh among states in franchise ownership at 34,941 and Michigan 10th at 28,139, according to the study. It found that, between 2001 and 2005, the industry added 140,000 businesses and 1.2 million jobs.
Tony Calamunci, who owns the restaurant chain Johnny’s Lunch in Toledo, expects growth because food is always in demand. His main store is at 4204 Sylvania Ave., near Westfield Franklin Park mall. He owns 4 others in Ohio, Michigan, and New York and is trying to find franchisees.
‘People love our products because while they’re paying $3.24 for [a gallon] of gas, they can still come and have lunch for under $3,’ he said. More.
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