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Recent FranConnect data shows how an impending recession could impact franchising in the new year.&nbsp;Franchise sales data for Q3 2022, compared with the same quarter in 2021, supports the probability that we are entering a similar cycle to what we saw during the Great Recession,&nbsp;<a href="https://www.franchising.com/articles/recession_predictions_for_franchising_in_2023.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=recession-ready-new-study-reveals-how-franchisors-feel-heading-into-2023-2720707" target="_blank" rel="nofollow">Franchising.com</a> reports. In 2021, there was a decline in leads of 22%, but franchise sales actually increased by 12% year-over-year.&nbsp;However, the following FranConnect data shows how some&nbsp;deals are being pushed back in these uncertain economic times:&nbsp;<ul><li>Q3 2021 total leads: 314,430</li><li>Q3 2022 total leads: 195,213</li><li>YOY Change: ?119,217; ?37.92%</li><li>Q3 2021 closed deals: 3,265</li><li>Q3 2022 closed deals: 2,053</li><li>YOY Change: ?1,212; ?37.12%</li></ul>On the flip side, franchisors do appear to be more bullish in regard to system-wide franchise sales in 2023:&nbsp;<ul><li>33% of franchisors anticipate a sales increase of 1% to 5% in 2023</li><li>30% of franchisors anticipate sales up 6% to 10% in 2023</li><li>20% anticipate their franchisees’ revenues will increase by 11%</li><li>Only 6% in total believe that they will be negative, between 1% and 5%</li><li>And 6% believe that they will be negative between 6% and 10%</li></ul>Read the full article on&nbsp;<a href="https://www.franchising.com/articles/recession_predictions_for_franchising_in_2023.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=recession-ready-new-study-reveals-how-franchisors-feel-heading-into-2023-2720707" target="_blank" rel="nofollow">Franchising.com</a>.&nbsp;Related Articles<ul><li><a href="https://1851franchise.com/franx-buying-a-franchise-during-a-recession-2719919#stories">FranX | Buying a Franchise During a Recession</a>&nbsp;</li><li><a href="https://1851franchise.com/franchise-systems-worried-about-the-environment-take-sustainability-matters-into-their-own-hands-2720666#stories">Franchise Systems, Worried About the Environment, Take Sustainability Matters into Their Own Hands</a>&nbsp;</li><li><a href="https://1851franchise.com/why-ifa-says-the-proposed-independent-contractor-rule-could-spell-trouble-for-franchisees-2720642#stories">Why IFA Says the Proposed Independent Contractor Rule Could Spell Trouble for Franchisees</a></li></ul>

Recession Ready? New Study Reveals How Franchisors Feel Heading Into 2023

1851 Franchise

FranConnect’s latest data reveals what franchisors expect in the year ahead. 

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Right at Home

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Veterans Excel as Right at Home Franchisees: Here's Why

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The Cleaning Authority

Why This Corporate McDonald’s Rep Decided To Open His Own Franchise With The Cleaning Authority

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KidStrong Franchising, LLC

KidStrong Wraps Up Q3 With First Manhattan Location, 45 New Franchises and Record-High Attendance

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Woodhouse Spas

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Why Woodhouse Has No True Competitor in the Spa Franchise Space

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Right at Home Expanding In-Home Care Services in Wausau, Wisconsin 

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Recession Ready? New Study Reveals How Franchisors Feel Heading Into 2023

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