Promising Economy Sets Franchising Up for Big Year, IFA Reports
Franchise businesses have the potential to cross a major milestone this year thanks to a strong economic forecast.
A new report from the International Franchise Association, produced in partnership with Frandata, projects an economic output from franchised companies in the United States to exceed $936.4 billion this year. That crosses the $900 billion benchmark, as 2024’s economic output from franchising totaled $896.9 billion.
The numbers were released in the IFA’s annual Franchising Economic Outlook, which included final statistics for 2024 and expectations for the years ahead. The IFA reported there were 830,876 franchised establishments that have created 8.8 million direct jobs.
Contributing to the strong numbers for franchising was robust consumer spending, as well as moderate improvements in the labor market. For the year ahead, growth is expected to continue as the number of establishments is projected to increase by about 20,000 to 851,402.
