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Annual listing of the top 500 American franchising companies compiled by Entrepreneur magazine From Wikipedia, the free encyclopedia
The Franchise 500 is an annual ranking of the top 500 franchising companies in the U.S. and Canada, compiled by Entrepreneur magazine through a submission and review process.[1] The ranking is based on an evaluation of each company's costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.[2] The list includes both public and privately held companies, and has been published annually since 1980.[3][4]
Each company that applies for the Franchise 500 through the online submission form is required to submit a copy of its current Franchise Disclosure Document and other supporting documents in order to verify the information submitted. All qualifying applicants are scored by Entrepreneur's proprietary formula, which evaluates franchise companies based on more than 150 data points across five pillars: costs and fees, size and growth, support, financial strength and stability, and brand strength. The 500 top-scoring companies become the Franchise 500. Entrepreneur typically receives more than 1,000 applications for the ranking annually.
In addition to the main Franchise 500 ranking, Entrepreneur uses the data provided through the Franchise 500 applications to create additional smaller rankings and lists that are published throughout the year, including "Fastest-Growing Franchises", "Top New & Emerging Franchises", "Top Low-Cost Franchises", "Top Global Franchises", "Best of the Best", "Top Franchises for Veterans", "Top Homebased/Mobile Franchises" and "Top Food Franchises".[5]
In 2022, the ten companies that ranked at the top of the 500 were:[5]
Rank | Company | Headquarters | Industry | Franchises (U.S.) |
Total units (Global) |
Investment (US$) |
---|---|---|---|---|---|---|
1 | Taco Bell | Irvine, California | Food and Beverage | 6,418 | 7,567 | $575.6K – $3.4M |
2 | The UPS Store | San Diego, California | Postage | 5,006 | 5,359 | $185.3K – $474.2K |
3 | Popeyes Louisiana Kitchen | Miami, Florida | Food and Beverage | 2,654 | 3,575 | $383.5K – $3.5M |
4 | Jersey Mike's Subs | Manasquan, New Jersey | Food and Beverage | 1,942 | 1,973 | $144.7K – $786.2K |
5 | Culver's | Prairie du Sac, Wisconsin | Food and Beverage | 802 | 808 | $2.4M – $5.4M |
6 | Kumon | Ridgefield Park, New Jersey | Children's Businesses | 1,592 | 26,365 | $64.5K – $139.9K |
7 | Planet Fitness | Hampton, New Hampshire | Fitness Centers | 2,006 | 2,174 | $936.6K – $4.6M |
8 | Servpro | Gallatin, Tennessee | Maintenance | 1,915 | 1,930 | $191.8K – $245.7K |
9 | 7-Eleven | Dallas, Texas | Retail | 7,458 | 77,346 | $69.7K – $1.2M |
10 | Tropical Smoothie Cafe | Atlanta, Georgia | Food and Beverage | 990 | 991 | $257.5K – $560.5K |
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