According to a news report from www.nrn.com, “Restaurants are one of few franchised businesses actually expanding, even if only slightly, during this economic downturn, according to an International Franchise Association Educational Foundation report released Wednesday.”
“The franchise industry this year is expecting a decline as a whole — by the number of establishments, jobs and economic output — but a 1.5 percent increase in the number of quick-service restaurants and a 1.3 percent increase in the number of table, or full-service, restaurants is expected in 2009. The IFA report, The Franchise Business Economic Outlook for 2009, was prepared by PricewaterhouseCoopers LLP,” said the story. “In all sectors, the number of franchise establishments is expected to decline by 1.2 percent in 2009, from nearly 865,000 to less than 855,000, according to the report.”
