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Franchised limited-service restaurants (NAICS 722513), sometimes called fast-food restaurants, employed 2.6 million people in 2012 and had sales of $129.2 billion, the U.S. Census Bureau reports. New car dealers (NAICS 441110), an industry solely comprised of franchises, employed 973,745 people and had sales of $672.5 billion in 2012.
The 2012 Economic Census Franchise Report is only the second comprehensive and detailed report by the Census Bureau on this segment of the U.S. economy, with the first being released for the 2007 Economic Census. The report presents data for selected industries on the number of businesses with paid employees engaged in franchising, annual sales for these businesses, and employment and payroll. These data are broken out by industry in three categories: franchisor-owned businesses, franchisee-owned businesses and all businesses.
The data are primarily national level, although state-level statistics are provided for limited-service restaurants and full-service restaurants (NAICS 722511).
Other highlights:
All dollar values are expressed in current dollars, i.e., they are not adjusted for price changes. The statistics presented include data only for businesses with paid employees. For more information about the economic census (including information on comparability, confidentiality protection, sampling error, nonsampling error and definitions), see //www.census.gov/econ/census/help/methodology_disclosure.
No news release associated with this report. Tip Sheet only.
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