Franchising increases in Oregon


Industry experts expect franchising to increase in 2011 after losing about 30,000 individual franchises nationwide in 2009.

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Industry experts expect franchising to increase in 2011 after losing about 30,000 individual franchises nationwide in 2009.

This year, the number of franchises across the United States is expected to grow by 2.5 percent, to 784,802, according the International Franchise Association.

Tighter credit markets have meant that franchises which require a lower initial investment — such as tutoring, home repair, or pet care services — are seeing more growth than the more traditional but more expensive food service or hotel franchises, said Page Nicol, the owner of FranNet, a franchising consulting company based in Portland.

“Franchises with upfront costs of $75,000 to $125,000 are doing the best right now in Oregon,” he said. “The majority of our clients are using some savings and some equity, but very little financing.”

Read more at The Register-Guard.

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