International Franchise Association(IFA) trade group has found 10 cities in U.S that has highest concentration of franchise enterprises as of 2016, among which Houston in Texas was ranked No. 1. The other cities in the list are Los Angeles, Dallas, New York, Austin, Chicago, Charlotte, Fort Worth, San Antonio and San Diego. Report states that there are more than 14,000 franchise establishments in Houston creating over 145,000 jobs and generating about $12.2 billion output for the city's economy.
John Reynolds, president of the trade group's educational foundation, said Texas consistently ranks high among states with large concentrations of franchises and the employment they provide. As of 2016 there are more than 62,000 franchise enterprises in the state creating over 635,000 jobs and generating $53 billion output for the state's economy. He added that Texas must love franchises and franchises love Texas right back.
Some of the biggest sectors in the franchise world include quick service restaurants, full service restaurants, lodging and business to business services like companies that prepare taxes for enterprises. While there are the big-name franchising companies like McDonald's or Wendy's, Reynolds noted that there are small business opportunities as well with many franchisees independently owning an establishment or two with less than 100 employees.