Do Franchises Have The Highest Success Rate? | Higher

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FAQ: Do Franchises Have The Highest Success Rate?

Answer: In general its widely agreed by small business experts that franchises do have a higher success rate than most independent start-up businesses. How much higher is has been a matter of debate with some sources claiming that its as high as 90% while others challenge that figure and say its much lower and probably closer to 70% or even less. Based on my experience as a small Business Broker and franchise consultant I would agree that 70% is a more realistic number. If you are concerned about risk you might want to research proven franchises that have been established for 10 years or more and have a track record of high success.

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