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New York, January 10, 2023 /PR Newswire/ — entrepreneuris a media powerhouse at the forefront of the culture, mindset and lifestyle of entrepreneurship and today announced its 44th.th Annual Franchise 500 ranking. Taco Bell topped the Franchise 500, becoming his third company to hold the top spot for three consecutive years. Taco Bell retains the top spot, but Popeyes Louisiana Kitchen (No. 2), Jersey Mike’s Subs (No. 3) and Dunkin’ (No. 5) all moved up in this year’s Top 5, while The UPS Store (4th place). Ranking.
“This year’s Franchise 500 ranking not only highlights some of the trends emerging from the ever-changing business environment, but also the consistency as some of the most established and long-standing brands find their way to the top once again. emphasizes the importance of entrepreneur Editor-in-chief Jason Feiffer“More impressively, despite the economic slowdown over the past year, 7.1% of this year’s applicants just started a franchise in 2022, and 27.8% started a franchise in 2018 or later. It’s a lot of fresh ideas and, in time, future Franchise 500 ranking holders.”
Top 10 companies in 2023 entrepreneur Here is the Franchise 500 list:
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taco bell
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Popeyes Louisiana Kitchen
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jersey mike submarine
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UPS store
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Dunkin’
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Kumon
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ace hardware
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Culver’s
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hampton To Hilton
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wing stop
The 2023 ranking shows how the franchise industry is changing in response to evolving trends in culture, economy and consumer needs. After a difficult few years due to the pandemic, quick-service restaurants continue to recover. There are 101 in the top 500 this year, compared to 97 last year. (Not to mention 6 out of the top 10 and 29 out of the top 100 are QSR brands). While older big brands rank higher, many newer brands are seeing strong growth, especially in the coffee, sandwich, smoothie/juice and tea subcategories.
This year’s list highlights the Health & Wellness category, especially with subcategories for Assisted Stretching, Chiropractic Services, CBD and Eye Care. The same goes for maintenance, which includes subcategories such as drywall repair, electrical services, and pest control. His 78 franchises ranked this year, compared to 72 last year.
Pets are also doing very well, with 12 franchises on the list this year compared to 8 last year, with the dog training and pet store subcategories seeing the biggest growth.
of entrepreneurThe company’s 44-year-old ranking system continues to evolve as well, in an ongoing effort to best understand and value the ever-changing franchise market. Our editorial team researches and evaluates several factors used in our valuations, including cost and fees, size and growth, support, brand strength, financial strength and stability. Each Franchise is given a cumulative score based on the analysis of over 150 data points, and the 500 franchises with the highest cumulative score are the Franchise 500® in ranking order.
For 44 years, the Franchise 500® has been the dominant competitive index for franchisors and the primary research tool for potential franchisees. To view the full ranking, visit enterprise.com/franchise500. results in january/February 2023 Problem of entrepreneur, Available on newsstands this month.
About Entrepreneur Media:
Entrepreneur is a media powerhouse at the forefront of the culture, mindset and lifestyle of entrepreneurship. For 45 years, Entrepreneur has helped business leaders launch, operate and grow their ventures. Today, the brand has how-to content, books, podcasts, videos, consulting services, and more to help fuel creative ideas and strategize breakthrough growth plans. entrepreneur Magazine, Entrepreneur.com and publisher Entrepreneur Books provide solutions, information, inspiration and education read by millions of entrepreneurs and business owners around the world.
View original content: https://www.prnewswire.com/news-releases/entrepreneur-unveils-the-44th-annual-franchise-500-ranking-301717128.html
SOURCE Entrepreneur Media Co., Ltd.
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