We know that as a prospective Franchisee your major concern is security for your investment. Let us put your mind at ease with some facts and figures about the industry itself. The franchising concept is an American phenomenon. With over $1 trillion in sales annually, 40% of all consumer purchases are made through a franchise.
The United States Department of Commerce reports that less than 5% of the nation's franchises fail each year. Compare that to the Small Business Administration's records showing that 90% of all private businesses eventually fail, most of them within the first year. Franchising is a strategy that promotes the dynamic relationship of established business know-how and the entrepreneurial spirit. The result is a win-win situation as evidenced by the Department of Commerce statistics.
According to the National Restaurant Association, the restaurant industry in the United States is a $426 billion industry with 11.7 million employees, making it the largest single employer in the United States! Food service and lodging managers account for the largest number of managerial employees in the country: 1.5 million! And this industry has posted real growth for 11 consecutive years, despite fragile consumer confidence and economic uncertainty.
It is a known fact that most restaurants work with recruitment firms when looking for executive and management personnel. Gecko Hospitality has created a name for itself in this highly competitive field and is actively seeking to expand its share of the market by granting franchises in Northern California and Upstate New York to qualified individuals.
GECKO HOSPITALITY ® franchises will not be sold to any resident of any jurisdiction until the franchise offering has been exempted from the requirements of, or duly registered in and declared effective by, such jurisdiction* and the required Franchise Offering Circular has been delivered to the prospective franchisee in compliance with applicable law. Upon inquiry you will be informed if a franchise opportunity is currently available in your state or other jurisdiction. An offer of a franchise is made only by the means of the Gecko Development Corporation Franchise Offering Circular. Prospective franchisees are encouraged to obtain and carefully read the Gecko Development Corporation Franchise Offering Circular thoroughly and evaluate any franchise offering with an attorney or advisor before deciding to sign an agreement or spend any money.
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