The unofficial results of the past 14 months have shown that approximately 200 to 400 franchise systems are struggling. Many have ceased franchise growth or even closed down entirely. But when you compare that to the numbers of non-franchise businesses that have shut their doors or are on the verge of doing so, the resilience and strength of the franchise model shines through. A well-oiled franchise system has the capability to fight against the forces pulling down small independent businesses. In large part this is because the franchisor has a vested interest in the survival of each and every franchise owner and will do all it can to ensure the network’s success.
So why discuss the several hundred brands that are struggling?