Here’s a statistic about franchising that most people wouldn’t guess: 1 in 6 franchisors have fewer than 6 franchisees.
Why do I think that’s surprising? Because it surprised the industry expert who came up with it.
Industry veteran Ed Teixeira owns FranchiseKnowHow LLC. He has been both an executive with a successful franchisor (Staff Builders Home Health Care) and a multi-million-dollar franchisee with six offices.
Franchising is a way of growing a company using the capital of others who fund and run new locations. Continue reading.
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