Franchise owner vs store owner

The differences between franchise owners and store owners can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a franchise owner and a store owner. Additionally, a store owner has an average salary of $60,283, which is higher than the $49,588 average annual salary of a franchise owner.

The top three skills for a franchise owner include commercial cleaning, senior care and customer service. The most important skills for a store owner are customer service, product knowledge, and payroll.

Franchise owner vs store owner overview

	Franchise Owner	Store Owner
Yearly salary	$49,588	$60,283
Hourly rate	$23.84	$28.98
Growth rate	6%	6%
Number of jobs	91,048	189,283
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 62%	Bachelor's Degree, 50%
Average age	44	44
Years of experience	6	6

Franchise owner vs store owner salary

Franchise owners and store owners have different pay scales, as shown below.

	Franchise Owner	Store Owner
Average salary	$49,588	$60,283
Salary range	Between $39,000 And $62,000	Between $38,000 And $94,000
Highest paying City	New York, NY	-
Highest paying state	New Jersey	-
Best paying company	Mac Tools	-
Best paying industry	Construction	-

Differences between franchise owner and store owner education

There are a few differences between a franchise owner and a store owner in terms of educational background:

	Franchise Owner	Store Owner
Most common degree	Bachelor's Degree, 62%	Bachelor's Degree, 50%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Franchise owner vs store owner demographics

Here are the differences between franchise owners' and store owners' demographics:

	Franchise Owner	Store Owner
Average age	44	44
Gender ratio	Male, 69.0% Female, 31.0%	Male, 49.6% Female, 50.4%
Race ratio	Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.2% American Indian and Alaska Native, 0.5%	Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.7% American Indian and Alaska Native, 0.5%
LGBT Percentage	10%	10%

Differences between franchise owner and store owner duties and responsibilities

Franchise owner example responsibilities.

Manage preparation and growth of monthly email newsletter, Facebook interface.
manage all account payable and accounts receivable, A/P aging, A/R aging.
Manage website and administer social media platforms such as Facebook to boost traffic and business sales.
Own and manage apartment community; perform scheduling, data entry, marketing, A/P, A/R, payroll and advertising.
Manage complete operation of the HVAC and refrigeration service company
Direct day-to-day business operations, including payroll, inventory control, and profit/loss statements.

Store owner example responsibilities.

Manage employees, order supplies, stock, quick books POS
Manage own store, selling wide variety of products such as groceries and household items.
Train and develop to manage multi-unit operations.
Prepare payroll accounts and reconcile bank statements.
Initiate and implement computer base payroll system.
Deliver comprehensive team training in POS software and facilitate system maintenance.

Franchise owner vs store owner skills

Common franchise owner skills

Commercial Cleaning, 57%
Senior Care, 30%
Customer Service, 3%
Payroll, 2%
Franchise Business, 1%
Financial Statements, 1%

Common store owner skills

Customer Service, 26%
Product Knowledge, 12%
Payroll, 10%
Store Merchandise, 6%
Inventory Control, 4%
Retail Store, 4%