Franchise 500 current Ranking: Franchising has been an important entity in the business organization. It is a type of business that deals with two con
Franchise 500 current Ranking: Franchising has been an important entity in the business organization. It is a type of business that deals with two connections, the Franchisor (the owner) while the Franchisee (The third party manager). The Franchisee is always been authorized by that Franchisor before he/she gets access to the Franchisor company assets, tools and value. The franchisee uses this as a medium to manage and perform business activities under the Franchisee firm.
Recently, there are have been a lot of establishments of Franchise companies despite how complicated this business niche is.
Before we could dive into the analyses, let quickly look at how the franchise company started.
Brief History of Franchising (How it all started)
The exact day where the franchising system began cannot be specified but the popular existence of this business practice was dated after the end of world war 2 (ii) I the year 1945. But before this date, there are have a few franchising practices by the CEO of major active companies. Talking about John S. Pemberton who was the first to start the basics franchising operation in 1886. John S. Is owns a company that produces beverages that comprise of the majority of the ingredients in the Coca Cocola product of today.
Since then, different franchise company has founded and they have been doing wonderfully well.
Read Also: The fastest way of increasing the demand rate for a product
How the Franchise organisation is analysed and ranked according to their values
Every ranking position you see given by Entrepreneur.com website to a franchise organisation is based on the value they occupy. An organisation of low value cannot easily be ranked higher than that of an organisation with higher value.
There are some things that are put into consideration in order to know which franchise organisation possesses more value than the others.
1. Total amount of Active franchisees
A franchisor who is the owner of the charter company always have a paid agreement with different franchises that are willing to work with them. If a company that is into this type of business receives a large amount of individual who want work with them, then this type of franchise organisation tends to ranks higher than other who tend to have low amount.
2. The total amount of Profit per month or annum:
This is an important factor that is put into measure when the ranks of a franchise origination are to be determined. This type of factor only specialise in the amount of money made by the company and comparing it to another relative one.
Top 25 companies from the Franchise 500 listing of the year
We won’t be listing all be franchise 500 firms here as only the first 20 companies that are rankings will be detailed below. Checking on Entrepreneur.com, all 500 rankings of Franchise has been listed out there. But here, we will only be picking the top 25 of the multiple.
- Tacobell (Mexican Food)
- The UPS store
- Jersey mike subs
- Planet fitness
- Budget blinds
- Great clips
- Sport clips
- Smoothie King
- Pet Supplies Plus
- Ace Hardware
- Pearle Vision
- Reality one group
- Dairy Queen
- Sola Salon studio
- Cruise Planner
One of the major roles of the role of a franchise company is for a Franchisor (who is the owner of the company) to partner with a franchise with an agreed sum of money for the extended distribution of the company products and services.
The Franchise 500 rankings are Expert listing analyses that are mainly done almost every year by Entrepreneur.com. This has been a listing that helps major potential franchises to know which franchise company will be best for them with other benefits.