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When exploring franchise opportunities, you may notice some brands showcasing their ranking on the “<a href="https://www.entrepreneur.com/franchise500?utm_source=1851franchise.com&utm_medium=article&utm_campaign=the-franchise-500-what-it-is-and-where-to-find-it-2724766" target="_blank" rel="nofollow">Franchise 500</a>.” This prestigious list is produced every year by&nbsp;<a href="https://www.entrepreneur.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=the-franchise-500-what-it-is-and-where-to-find-it-2724766" target="_blank" rel="nofollow">Entrepreneur</a>, a magazine and website that publishes stories about business and entrepreneurship. Recognized as the world's first and most comprehensive franchise ranking, Franchise 500 is an invaluable resource that sheds light on the leading brands and their impact on the business community.&nbsp;The list has been a staple for over four decades, showcasing the evolving landscape of the franchise industry.&nbsp;Franchise 500 provides prospective franchisees with a diverse array of choices, ranging from traditional options (restaurants, maintenance service, gyms) to emerging categories (ax throwing, cryotherapy, cannabinoid [CBD] businesses).&nbsp;<h3>The Five Pillars of the Franchise 500</h3>To determine who makes the Franchise 500, Entrepreneur uses a comprehensive evaluation process, considering over 150 data points. The ranking is based on five key pillars, each consisting of factors that contribute to a franchise's overall standing:1. Costs and Fees<ul><li>Franchise Fee</li><li>Total Investment</li><li>Royalty Fees</li></ul>2. Support<ul><li>Training Times</li><li>Marketing Support</li><li>Operational Support</li><li>Franchisor Infrastructure</li><li>Financing Availability</li><li>Litigation</li></ul>3. Size and Growth<ul><li>Open and Operating Units</li><li>Growth Rate</li><li>Closures</li></ul>4. Brand Strength<ul><li>Social Media Presence</li><li>System Size</li><li>Years In Business</li><li>Years Franchising</li></ul>5. Financial Strength and Stability<ul><li>Franchisor's Audited Financial Statements</li></ul><h3>The Ranking Process</h3>The process of creating the Franchise 500 kicks off in July each year, as franchisors are invited to fill out an online form and submit their current Franchise Disclosure Document (FDD) or Canadian Disclosure Document. To be eligible for ranking, a franchisor must actively seek new franchisees in the U.S. or Canada, and have a minimum of 10 open and operating units by a certain date, including at least one franchise located in North America. In 2022, a whopping 1,321 companies supplied all the required information.&nbsp;The eligibility criteria ensure that the Franchise 500 represents franchises with a substantial presence and growth potential in North America. The data collected is then meticulously analyzed, with each eligible franchisor being scored based on the predefined criteria. Those franchises with the highest cumulative scores earn a coveted spot on the list.<h3>Where To Find the Franchise 500</h3>Entrepreneurs and prospective franchisees can access the Franchise 50 list in both the print edition of Entrepreneur magazine and on&nbsp;<a href="https://www.entrepreneur.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=the-franchise-500-what-it-is-and-where-to-find-it-2724766" target="_blank" rel="nofollow">Entrepreneur.com</a>. The detailed rankings provide a wealth of information, allowing individuals to make informed decisions based on the specific criteria that matter most to them.Entrepreneur’s Franchise 500 is not just a ranking but a comprehensive resource that reflects the diversity of the franchise industry. Whether you're a seasoned entrepreneur or someone exploring franchise opportunities for the first time, this list is a useful tool to navigate the vast landscape of franchising.

The Franchise 500: What It Is and Where to Find It

1851 Franchise

For leaders seeking new opportunities in the franchising world, Entrepreneur’s “Franchise 500” serves as an ultimate guide and benchmark. 

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Benjamin Franklin Plumbing

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Top 5 Reasons To Invest in Benjamin Franklin Plumbing Right Now

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Mister Sparky Electric

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Wired for Success: 5 Powerful Reasons To Invest in a Mister Sparky Franchise Now

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On-Time, Every Time: How Mister Sparky Delivers the Electrical Service Homeowners Can Count On

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The Electrician You Can Count On: How Mister Sparky Delivers Power, Punctuality and Profitability

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The Punctual Plumber That Wins: How Benjamin Franklin Plumbing Redefines Home-Service Reliability

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Planet Fitness Franchisees Donate $100K to Support Texas Flood Relief - 1851 Franchise

Planet Fitness Franchisees Donate $100K To Support Texas Flood Relief

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McDonald’s Is the Latest Franchise To Bet Big on Beverages with 500-Store Premium Drink Test

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Subway Names Jonathan Fitzpatrick as New CEO, Effective July 28

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Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores

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Hely and Hiral Patel Bring Their Longtime Dream to Life With The Brass Tap

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DevHub: Scalable Digital Marketing for Franchises and Multi-Location Brands

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1851 Keyword - The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

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Navy Veteran and Professional Artist Couple Open Caring Transitions in Texas

Navy Veteran and Professional Artist Couple Set Out to Build a Purpose-Driven Business With Caring Transitions in Texas

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The Franchise 500: What It Is and Where to Find It

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