Second-generation franchisees: franchises run by the next generation can provide an outlet for their entrepreneurial energy.(Trends)(The IFA Educational Foundation) Franchising World | June 1, 2004| | COPYRIGHT 2004 International Franchise Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

At a time when big box super marts are swallowing up decades-old filmily stores in many communities, franchises are offering parents a way to pass on successful community--supported businesses to their children. Today, second-generation franchisees make up about one-tenth (9.7 percent) of all franchisees.

For most franchise systems, the franchisor must consent before a unit can be transferred from one franchisee to another franchisee. About one-third (34 percent) of franchise outlets that are eligible to he passed on to a second generation are passed on from parents ...

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