2024 Annual Franchisee Survey
This annual report by FRANdata with the support of the International Franchise Association, highlights the ongoing struggles of franchisees in the face of persistent inflation and rising operational costs. Despite easing labor concerns, 87% of franchisees report a significant impact from inflation, with 80% experiencing lower earnings over the past year. Key challenges include managing high costs for labor, insurance, and supplies, while industries like foodservice are hit hardest. The report digs into what strategies franchisees are leveraging to navigate these economic pressures and remain competitive.