
What Happens to Franchise Owners When Their Franchisor Goes Out of Business?
For the past nine years, franchising has experienced annual growth across all sectors, with 733,000 franchise establishments employing 7.6 million employees. According to a survey conducted by the International Franchise Association, 74% of franchised businesses closed following the downturn in the economy after the coronavirus. For some franchisors, the loss in revenue associated with even a few franchisees closing their






