Monthly Archives: March 2023
When buying a franchise, comparing competing franchise opportunities is an important part of the due diligence process. Too often, prospective franchisees choose a brand they want to pursue, and then they pursue it without gaining an understanding of whether there are better opportunities available.
According to the International Franchise Association (IFA), Illinois is the fastest-growing state in franchising. The IFA’s recent 2023 Franchising Economic Outlook highlights the 10 fastest-growing states in terms of franchise establishments, franchise employment and franchise output—and Illinois tops the list in all three categories.
The International Franchise Association (IFA) recently released its 2023 Franchising Economic Outlook. Developed in partnership with FRANData, the Franchising Economic Outlook is the IFA’s “annual study . . . detailing the franchise sector’s performance for the past year and projected economic outlook for the year ahead, as well as an in-depth state outlook for all 50 states and Washington, D.C.”