As a result of the economic recession, a wealth of qualified and experienced business professionals has flooded the job market. However, with prospects tight, many of them decided to quit the search and become entrepreneurs themselves, and one of the most popular options for these talented business people has been owning a franchise opportunity.

A recent report by the U.S. Census Bureau revealed that more than one in every 10 U.S. businesses is a franchise and that these systems have come to dominate a few market sectors, making franchising an extremely attractive prospect for investors.

Of the 295 industries for which franchising data were collected, the Census report found that nearly $1.3 trillion of the $7.7 trillion in total sales came from franchised operations, in addition to the $153.7 billion out of the $1.6 trillion in total payroll and 7.9 million workers out of a total workforce of 59 million.

"Franchising plays a vital role in our nation's economy; it's one of the big engines driving new job creation. These new data offer critical information to entrepreneurs who may be considering starting a franchise business," said David French, vice president of government relations for the International Franchise Association.

According to the report, there are three business sectors which have been particularly profitable for franchise systems: limited-service - fast food - restaurants, car dealers and weight-loss centers. In fact, new car dealers topped the list, posting $687.7 billion in total sales, with limited-service restaurants coming in with $112.6 billion.

However, despite these statistics, franchisees still face a number of fees that could slash their revenues. But in comparison to the help they receive, many unit owners say these payments are negligible.

Tom Curdes, the co-owner of two Weed Man franchises in Toledo, Ohio, told the Toledo Blade that his system had given him the necessary support to write his first business plan and secure a 16,000-square-foot location.

"Had it not been for my franchisor, who worked with me very diligently to put a business plan together, I probably never would have done this," explained Curdes, who oversees 25 employees between his Weed Man franchises and his independently owned company, Barron's Lawn Service.

And Curdes is not alone in his opinion. Franchises are known for providing their owners with the support they need.

"The franchise agreements give them a head start in getting themselves going," Andrew Hait, a statistician economist, said.

The Liberty Tax Service franchise opportunity is #9 on the fastest growing franchises list of the 2010 Entrepreneur “Franchise 500.” Our tax franchise is an affordable and viable business choice. Each office provides thorough, computerized tax preparation coupled with superior customer service. For the best small business opportunity in the income tax franchise industry, choose Liberty!