For some businesses, there is a clear path to growth that doesn’t involve acquiring other companies or expanding organically: franchising. The U.S. has more than rel=”nofollow” href=”https://www.statista.com/statistics/190313/estimated-number-of-us-franchise-establishments-since-2007/#:~:text=In%202023%2C%20there%20was%20an,franchisor’s%20ideas%20and%20business%20model.”>800,000 franchise businesses, according to Statista, and that number is predicted to keep growing year over year. But franchising a business — licensing a business model and brand to an outside operator — requires a lot of contracts, legal compliance and documentation, which all serve to further complicate an already involved business model.
