The evolution of franchising can be traced back to the 1850s, but franchising as we understand it today started in the 1950s and has reached almost mythical stature over the last fifty years. A new franchise opens every 8 minutes of every business day and drives over 40% of all retail business. Annually, franchising accounts for over $800 Billion in sales, and employs over 8 Million people. Franchise opportunities are the most successful business opportunities with over 95% success rate and at the same time creating over 170,000 new jobs per year.
The majority of franchise business buyers are success-oriented, educated, family-minded, corporate people. As corporations switched their focus from employees to investors, they realized how expensive their senior level employee had become and they began down-sizing their mid and upper level managers to save money and improve investor stakes in their companies. This growing number of outstanding corporate managers are now the driving force behind franchising and represent a constant stream of qualified franchise buyers through Murphy offices.
A 25 year study conducted by the International Franchise Association pinpointed the "Typical Franchise Buyer." Business buyers that seek franchise opportunities will come from all walks of life, educational and economic backgrounds, but some of the typical characteristics are:
These are the same outstanding clients that come to Murphy offices to seek assistance Buying a Franchise Business.
The Murphy Franchise Brokerage Division is led by Sandee Devine, Vice President, Franchise Development. With over 35 years in the industry, Sandee has helped hundreds of people realize their dream of business ownership through franchising. Murphy Business Consultants are highly educated and trained with a wide range of business/franchise ownership, upper level management and franchise experience. There are a few thousand business franchise opportunities available but Murphy Franchising is associated with only the finest franchises and work to find the "perfect franchise" for each of our Murphy clients.