New Concept Report 2024 Volume 1
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In Volume 1 of the 2024 New Concept Report, FRANdata identified 157 new franchise brands across more than 20 different industries, with QSR being the most popular sector. Private equity firms continued to show interest in emerging brands, backing 15% of the new concepts. However, this quarter witnessed a decline in the number of brands affiliated with others through common ownership, accounting for 10% of the total, a significant drop from the previous three-quarter average of 19%.
The New Concept Report is an annual subscription to quarterly reports that provides valuable insight into new franchise concepts added to the FRANdata database. Each New Concept Report (NCR) contains information on the new franchise's business description, management team, headquarters, country of origin, initial investment and more. It is an invaluable tool for anyone looking to get ahead of the game and spot the next great franchise brand. FRANdata is the only company that consistently tracks all franchise brands in the US while verifying its viability. Email us at frandata@frandata.com for inquiries on custom solutions or find out more about FRANdata.