Some creative and precocious millennial minds have discovered an alternative to traditional entrepreneurship: franchising. According to FRANdata, a market research firm that analyzes franchise performance and operations, 9 percent of all franchises are currently owned by millennials, and the trend is growing. Over the next 10 to 15 years, the majority of existing franchisees will be approaching retirement, while in that same timeline, more millennials will reach the capital threshold needed to invest in a franchise.