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The Metroplexes of Texas are amongst the best territories in the country for franchising
Embarking on a franchising journey in Texas? This eBook is your key to understanding the local franchising landscape and turning your entrepreneurial dreams into reality. Crafted by Chris Utah of Texas Franchise Advisors, this guide brings you insider knowledge honed over years of experience in the Texas franchising sector.
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.
Embarking on a franchising journey in Texas? This eBook is your key to understanding the local franchising landscape and turning your entrepreneurial dreams into reality. Crafted by Chris Utah of Texas Franchise Advisors, this guide brings you insider knowledge honed over years of experience in the Texas franchising sector.
Embarking on a franchising journey in Texas? This eBook is your key to understanding the local franchising landscape and turning your entrepreneurial dreams into reality. Crafted by Chris Utah of Texas Franchise Advisors, this guide brings you insider knowledge honed over years of experience in the Texas franchising sector.