According to the International Franchise Association’s Franchise Business Economic Outlook for 2021, there are approximately 773,603 franchise establishments in the United States. This includes both domestic and international franchise brands across various industries such as food service, retail, automotive, and healthcare.
Franchise businesses also contribute significantly to the U.S. economy. According to the same report, franchise businesses are expected to generate $477 billion in economic output in 2021 and support more than 8.3 million jobs. Additionally, the report notes that the franchise industry is expected to continue to grow in the coming years, with an estimated 1.5% increase in the number of franchise establishments and a 5.8% increase in economic output in 2021 compared to the previous year.
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