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The results from our latest Franchise Growth Confidence Index- BoeFly’s quarterly survey measuring how certain economic conditions and external factors affect franchisors’ growth – was recently published by Franchise Times. Between September 19 – October 2, 2024, we surveyed nearly 700 franchisor executives to determine if there were any significant changes in franchisor sentiment regarding domestic franchise growth.
If you’ve recently cringed at the gas pump, grocery store or coffee shop, you know that everything feels more expensive these days. But don’t let a negative narrative get you down.
To further measure the impact of current economic conditions on Franchisors’ growth, BoeFly has released its second quarterly Franchise Growth Confidence Index. The second iteration of this report was conducted from July 7-18, 2023, and surveyed nearly 700 franchisor CEOs, CFOs, and CDOs through SurveyMonkey across several major industries, including automotive, education, fitness, health/beauty, home services, restaurant and retail.
As concerns over rising interest rates and inflation mount, they’re also dampening the growth outlook among franchisors. Just over half of C-level executives, 54.4 percent, said they are confident their brand will meet its growth goals this year. That’s down from 76.9 percent in April, when executives were surveyed by financial technology company BoeFly, which helps franchisors qualify their applicants and also connects those candidates with lending options.
NEW YORK – August 14, 2023 – BoeFly, the leading financial technology company specializing in franchise solutions, announced today that Kristen Gonzalez, a new Scenthound franchisee, has successfully secured funding through the BoeFly platform to open her first location in Miramar-Pembroke Pines, Florida.
NEW YORK – August 2, 2023 – BoeFly, the leading financial technology company specializing in franchise solutions, announced today that Roberto Lee, a new Scenthound franchisee, has successfully secured funding through the BoeFly platform to open his first location in Orlando, Florida.
NEW YORK – December 17, 2021 – BoeFly, the leading financial technology company specializing in franchise solutions, announced today that first-time franchisee, Bradley Lloyd, has successfully secured funding through the platform to open his first Tint World® in Springfield, Pennsylvania.
NEW YORK – November 19, 2021 – BoeFly, the leading financial technology company specializing in franchise solutions, announced today that first-time franchisee, Jonathan Barlow, has successfully secured funding through the platform to open his first Pet Supplies Plus.
NEW YORK – October 15, 2021 – BoeFly, the leading financial technology company specializing in franchise solutions, announced today that first-time franchisees, Christy and Jim Boswell, have successfully secured funding through the platform to open their Scenthound locations.
NEW YORK – August 4, 2021 – BoeFly, the leading financial technology company specializing in franchise solutions, announced today that experienced multi-unit operator, Jack Litman, has successfully secured a conventional loan for refinancing on the company’s platform. Leveraging the loan secured, Litman refinanced the existing debt on his seven SONIC locations across Pennsylvania and New Jersey.