Ken M. Hollowell

 


About National Franchise Services

For over 30 years Ken Hollowell, have been a leading franchise consultant, developer and marketer in franchising.   Mr. Hollowell is a franchise expert, a frequent expert witness,  has consultants with thousands of companies and sold more than $100 million in franchises.  Ken has extensive knowledge on Federal Trade Commission rules on Franchising and various state regulations.

Some current and former franchise clients include: National Food Service Advisors, Merry Maids, Aamco Transmission, Payless Auto Rentals, Bob Evans Family Restaurant, Spaghetti Vendors, Terry’s Consignments, Classy Closets, The Connoisseur, Staffing Masters, Chan Moneymaker Poker Academy, Dick Clark’s American Bandstand Restaurants, Docuprep, Sunsplash Juices, Hot Shots Photography and Club4Kids, Diesel Truck FleetService, Secure Trailer Depot, Tee It Up Today and much more.


Franchising is the American phenomenon for the past 70 years. According to the United States Commerce Department, franchising has a failure rate of only 3.7% while non-franchise businesses fail at the rate of 65% to 85%.

Less than 6% of businesses within the United States are franchise businesses, yet they produce over 48% of the Retail Gross Annual Product. Franchising has not only caught on in the United States, but 40 Countries now have franchise laws. It is estimated that by the end of 2010, franchising will yield $2 trillion to our economy.

More than 16 million people are employed by franchise businesses, with an average of 8 to 14 employees per business. Franchised businesses create more than 300,000 new jobs each year.

There are an estimated 8,000 franchise companies operating in the U.S. doing business through more than 600,000 retail units.

Seventy-five industries use franchising to distribute goods and services to consumers. Average initial investment level for nearly 8 out of 10 franchises, excluding real estate, is less than $250,000.

 

ARTICLES BY KEN HOLLOWELL
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