What Are Common Questions About Franchising?
In this video, Chris Utah expertly tackles the three most common franchising questions – setting you on the path to franchising success in Texas
Why Franchising in Texas Works
The Metroplexes of Texas are amongst the best territories in the country for franchising
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Our goal is to empower you
At Texas Franchise Advisors, we leverage our deep understanding of the franchising landscape to help our clients navigate the process. We specialize in franchise assessment, franchise development, and helping clients understand key franchise terms like FDD (Franchise Disclosure Document), initial franchise fee, royalty fee, and franchise agreement.
Our goal is to empower you with the knowledge you need to make an informed decision about your franchise investment. Contact us today to start your franchising journey in Texas.”
Franchising is more than just a business model; it’s a significant contributor to the Texas economy. Here are some key data points:
Economic Impact: According to the International Franchise Association, the franchise sector contributes over $1.5 trillion to the U.S. GDP, with Texas accounting for a substantial percentage of that amount.
Job Creation: Franchises in Texas employ over 1 million people, representing nearly 10% of the state’s private-sector jobs.
Growth Opportunities: Texas consistently ranks as one of the best states for business, with over 50,000 franchise establishments currently operating.
Diversity: The franchising industry in Texas is vast and varied, with food and restaurant franchises making up approximately 40% of the market, followed by services and retail sectors.
Resilience: While no business is completely recession-proof, franchises often fare better during economic downturns. During the last recession, franchises in Texas saw a less than 5% closure rate compared to independent businesses.
