Future veteran U.S. Navy Aviation Structural Mechanic 3rd Class Donald Taylor inspects a brake line on his tablet. Photo: Dept of Defense
The International Franchise Association released its 2014 Veterans in Franchising progress report for this Veterans Day. After launching its Operation Enduring Opportunity (OEO) program in January 2011, as part of its VetFran Program, the organization set the lofty goal of 80,000 veterans by 2014.
A shuttered Cold Stone Creamery franchise. Photo/bmm
WASHINGTON – New research shows that the turnover rate for franchise outlets in the United States over the last four years from the beginning of 2010 to the end of 2013 is 122 percent, with more leaving than opening. The good news for the industry is that franchise outlets have grown at a pace just shy of one percent a year since 2010, according to disclosure filings.
Christian Brothers Automotive Repair, a national, faith-based franchise system, posted a 4.4 percent increase in average franchisee revenues, from an average of $1,174,586 in 2013 to $1,225,862 in 2014.
Even though many would-be franchisees would love to be a part of Chipotle's success, the company has no plans to franchise, in spite of having been under the wing of franchise giant McDonald's from 1998 to 2006.