Franchise 500

The 2022 logo for the Franchise 500

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]

Qualifications

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]

Rankings

  • Franchise 500 – overall ranking of the most successful franchise companies of the year.[6]

Additional

  • Fastest-Growing Franchises – the fastest-growing franchise companies based on systemwide unit growth over one year
  • Top New & Emerging Franchises – the top companies that have been franchising for five years or less
  • Top Low-Cost Franchises – the top franchises that can be started for less than $50,000, less than $100,000, and less than $150,000
  • Top Global Franchises – the top franchises expanding outside the U.S.
  • Best of the Best – the number-one franchise from each category of the Franchise 500 ranking
  • Top Franchises for Veterans – the top franchises offering startup incentives for veterans
  • Top Homebased/Mobile Franchises – the top franchises that can be run from home and/or from a mobile unit (with no need for outside office, retail, or warehouse space)
  • Top Food Franchises – the top restaurant and retail food franchise opportunities

2022 list

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 United States Irvine, California Food and Beverage 6,418 7,567 $575.6K – $3.4M
2 The UPS Store United States San Diego, California Postage 5,006 5,359 $185.3K – $474.2K
3 Popeyes Louisiana Kitchen United States Miami, Florida Food and Beverage 2,654 3,575 $383.5K – $3.5M
4 Jersey Mike's Subs United States Manasquan, New Jersey Food and Beverage 1,942 1,973 $144.7K – $786.2K
5 Culver's United States Prairie du Sac, Wisconsin Food and Beverage 802 808 $2.4M – $5.4M
6 Kumon United States Ridgefield Park, New Jersey Children's Businesses 1,592 26,365 $64.5K – $139.9K
7 Planet Fitness United States Hampton, New Hampshire Fitness Centers 2,006 2,174 $936.6K – $4.6M
8 Servpro United States Gallatin, Tennessee Maintenance 1,915 1,930 $191.8K – $245.7K
9 7-Eleven United States Dallas, Texas Retail 7,458 77,346 $69.7K – $1.2M
10 Tropical Smoothie Cafe United States Atlanta, Georgia Food and Beverage 990 991 $257.5K – $560.5K

See also

References

  1. ^ "Franchise 500 Ranking". Entrepreneur. Retrieved January 17, 2022.
  2. ^ "Understanding the Ranking". Entrepreneur. Retrieved January 17, 2021.
  3. ^ "About the Franchise 500®". Entrepreneur. 2013. Archived from the original on April 10, 2013.
  4. ^ "Entrepreneur Magazine's 41st Annual Franchise 500® Released". www.prnewswire.com. Retrieved August 7, 2020.
  5. ^ a b "2022 Franchise 500 Ranking". Entrepreneur. Retrieved January 17, 2022.
  6. ^ "Entrepreneur Magazine's 41st Annual Franchise 500® Released". www.prnewswire.com. Retrieved August 7, 2020.