Table 2 Summary statistics

Item Content N %
Business sector (Level-II classification) Chicken 10 17.2
Pizza 4 6.9
Coffee 14 24.1
Education 10 17.2
Laundry services 3 5.2
Barber / beauty salons 5 8.6
Auto repair services 5 8.6
Convenience store 7 12.1
Firm age Less than 10 years 19 32.8
More than 10 years–Less than 20 years 26 44.8
More than 20 years–Less than 30 years 8 13.8
More than 30 years 4 6.9
Number of stores Less than 200 11 19.0
More than 300–Less than 500 20 34.5
More than 500–Less than 1,000 12 20.7
More than 1,000–Less than 2,000 6 10.3
More than 2,000 8 13.8
Initiation fee for the franchise (franchise fee, interior renovation fee education fee, other expenses) Less than KRW 50 million 15 25.9
More than KRW 50 million–Less than 100 million 26 44.8
More than KRW 100 million–Less than 200 million 9 15.5
More than 200 million–Less than 300 million 4 6.9
More than KRW 300 million 3 5.2
Yearly average earnings of the franchise store Less than KRW 50 million 6 10.3
More than KRW 50 million–Less than 100 million 6 10.3
More than KRW 100 million–Less than 200 million 13 22.4
More than KRW 200 million 24 41.4
Total 58 100