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Looking to Buy a Franchise? Here's Where They're Most Prominent

When you want to run your own business but want the support of a known brand, buying a franchise may seem like a smart way to get started. Perhaps you might be an existing small business owner who wants to expand your company’s footprint. New research shows that the city you live in could give you a leg up when it comes to opening a franchise. LendingTree researchers analyzed data from the Census Bureau’s Survey of Entrepreneurs to find which metro areas in the U.S. are home to the most franchised businesses. As a whole, 5.4% of all businesses operate entirely or partially as a franchise. But some cities exceed the average, while others dip as low 3.4%. Below, we’ll take a look at where franchises are the most popular. Key findings Metros with the highest franchise rate San Antonio, Texas – 9.5% Nashville, Tennessee – 8.1% Dallas, Texas – 8.0% Should you jump into franchising? Methodology Key findings Lone Star State dominates the top 5 . San Antonio has the highest percentage of...

Jan 16, 2020