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Franchise Owners

Overview
Franchise Owner—Career Q&A: Professional Advice and Insight

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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 total more than $1.5 trillion a year.

Salary Range

$25,000 to $100,000+

Minimum Education Level

High School Diploma

Certification/License

Required

Outlook

About as Fast as the Average
Personality Traits

Enterprising

Hands On

Organized

Career Ladder
Owner of Multiple Franchise Units

Experienced Franchise Owner

New Franchise Owner

Related Professions
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