Salary Range
$25,000 to $100,000+Overview
A franchise owner contracts with a company to sell that company's products or services. After paying an initial fee and agreeing to pay the company a certain percentage of revenue, the franchise owner can use the company's name, logo, and guidance. McDonald's, Subway, and KFC are some of the top franchised companies that have locations all across the country. Franchises, however, are not limited to the fast food industry. Today, franchises are available in a wide variety of business areas including computer service, lawn care, real estate, and even hair salons. According to the International Franchise Association (IFA), franchises account for nearly 50 percent of all retail sales in the United States and these sales totaled more than $823.7 billion a year in 2022.
Minimum Education Level
High School DiplomaCertification/License
RequiredOutlook
About as Fast as the AveragePersonality Traits
Enterprising
Hands On
Organized
Career Ladder
Owner of Multiple Franchise Units
Experienced Franchise Owner
New Franchise Owner
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