International Franchise Expo Proves 2017 is Biggest Year Yet for Franchising Industry

As Industry Outpaces U.S. Economy, Thousands Attend Expo to Jumpstart
Business Ownership

NEW YORK–(BUSINESS WIRE)–The “City that Never Sleeps” transformed into the “City of Franchising”
for aspiring entrepreneurs ready to get on the fast track to business
ownership June 15-17. During the International
Franchise Expo
(IFE), more than 15,000 attendees from the United
States and around the globe met with more than 400 franchisors for the 26th
annual event at the Javits Center in New York City.

In early 2017, the International Franchise Association came out with its
annual Franchise Business Economic Outlook report that showed positive
growth in the industry. The report found the industry significantly
outpaced the U.S. economy in 2016 and projects a similarly strong
performance in 2017 with an expected 3.3 percent franchise employment
growth, 1.6 percent franchise establishment growth, and a 5.3 percent
growth in franchise output.

“The atmosphere in the expo hall was buzzing with excitement Thursday
through Saturday. It was easy to see that franchising is the go-to for
people who want to go into business for themselves, but not by
themselves in 2017,” said Tom Portesy, president of MFV Expositions,
producers of the IFE. “Aspiring entrepreneurs got the chance to connect
with representatives from franchise brands ranging from restaurant
concepts, to home and auto service brands, all the way to new concepts
like food trucks and virtual reality day camps. The diversity of both
U.S.-based and international concepts showed every attendee the
ever-evolving innovation of the franchise industry. We look forward to
hearing life-changing stories that came from the expo.”

The IFE kicked off with an official ribbon cutting ceremony on Thursday,
June 15 where Robert Cresanti, president and CEO of the International
Franchise Association (IFA), and Shelly Sun, co-founder and CEO of
BrightStar Care and chairwoman of the IFA, Lindsey Boylan, chief of
staff at Empire State Development, all welcomed guests to New York City.
From there, attendees explored domestic and international, mature and
emerging franchise brands. There were opportunities for all budgets,
with startup costs ranging anywhere from $10,000 up to $1 million.

More than 85 education programs and 10 in-depth programs were offered
along with a full-day growth summit for current single-unit franchisees,
a new venture this year. The seminars included detailed information on
real estate, financing, accounting, and legal issues. Current
franchisees walked away from the expo with a better understanding of
necessitates to grow a business, as well as details of multi-unit growth
and support initiatives.

The expo also proved successful for well-known and emerging franchisors
looking to expand. “It’s been one of the best franchise expos we’ve been
to,” said Kevin Aoki, CEO and founder of juice franchise Bluetree. “The
traffic has been heavy, nearly triple the amount of people we’ve seen at
other expos, and the quality of people coming in is unmatched. We’ve
signed a deal here at the expo and have brought some promising prospects
into the pipeline. Optimism is the best word to describe how we feel
leaving the IFE.”

The next franchise expo, Franchise Expo West, is set to take place at
the Los Angeles Convention Center in Los Angeles November 2-4. For more
information, please visit www.franchiseexpowest.com.
Next year’s IFE will be May 31 through June 2, 2018.

About MFV Expositions

For more than 25 years, MFV
Expositions
has been producing the leading franchise events
worldwide that consistently bring together franchise concepts, at all
investment levels, with the most qualified visitors seeking to own their
own business. In addition to quality franchise expos in the United
States and overseas that offer face-to-face opportunities to grow a
franchise, MFV also offers access to online franchise opportunities
through web-based resources.

Contacts

Fishman PR
Mandi Gualtieri, 847-945-1300
[email protected]