Dallas is a great city to open a new franchise. Its energy and booming economy make it inviting to numerous entrepreneurs. The city has several growth areas where new franchises can be opened with a high probability of success.
Why a Franchise?
Simply put, because franchising offers you the highest probability of success. According to a study by The United States Chamber of Commerce, 97% of franchises are still open for business after five years, and 86% of those franchises are still under the original ownership. A similar study showed that 62% of independent startups fail.- One out of every twelve businesses is a franchise.
- Franchise businesses account for 42% of the total retail sales in the entire United States.
- A Franchise Times survey indicated that 87% of franchisees were satisfied with their franchising experience and 90% of respondents recommended franchise ownership.
If you are leaving the corporate world and this is your first entrepreneurial venture, a franchise is a must. The franchise support team will provide you with site selection, training, marketing support, human resources assistance, legal counsel, billing and accounting guidance and coaching. This explains why franchises have a 400% better success rate than non-franchised start ups.
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Food franchises are favorites for investors. They have a proven successful track record and lend themselves to absentee ownership.
