The Top 20 Franchises of 2020 From the Entrepreneur Franchise 500

Entrepreneur Franchise 500 list rank: 2 Started franchising: 1964 Total units: 7,136 Initial franchise fee: $525,500 to $2.96 million A decade ago, Taco Bell was ranked as the No. 45 business on the Franchise 500. Today, it’s ranked second in large part due to the growth the company has seen in the interim. Even in the past two years, the fast-food business has seen sales grow 6 percent, to $11 billion, in 2018, and as of the third quarter of 2019, it was projected to improve same-store sales (5 percent) and overall sales (8 percent) again. The key to this growth, as the newest issue of the magazine points out, is the company’s focus on convenience, which includes a POS system directly integrated into the Grubhub app and 4,800 U.S. location offering delivery. Related: 24 Top-Ranked, Affordable Franchises You Can Buy for $25,000 or Less Read_More Related posts: 5 of […]

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5 Affordable Franchises You Can Start for Less Than $10,000

Entrepreneur Franchise 500 Rank: 199 Initial investment: $2,245 to $53,200 New units in 2019: 148 units (+20.1 percent) Buildingstars, a commercial cleaning company founded in 1994, is headquartered in St. Louis. The company began franchising in 2000 and now has regional offices in Chicago, Houston, Phoenix, Pittsburgh, New York and more. Services include carpet and floor care, as well as green cleaning and consulting. Read_More Related posts: The 150 Fastest-Growing Franchises Start a Franchise for Less Than $10,000 (60-Second Video) 24 Top-Ranked, Affordable Franchises You Can Buy for $25,000 or Less The Top 10 Franchises You Can Buy for Less Than $100,000 The Top 10 Best Franchises to Open in 2019 5 Restaurant Franchises That Will Cost You at Least $1 Million The Top 5 Business Service Franchises From the Franchise 500 Our Definitive Ranking of 2019’s Strongest Franchises

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24 Top-Ranked, Affordable Franchises You Can Buy for $25,000 or Less

Entrepreneur Franchise 500 list rank: 170 Initial investment: $8,639 to $296,598 Initial franchise fee: $3,500 New units in 2016: -1 units (-0.1 percent) Chester’s has one of the widest ranges for initial investment — you will need to invest anywhere between $8,000 to almost $300,000. However, depending on your current assets and plans for the fried-chicken franchise, there’s a chance you could start a new location for less than five figures, which makes it worth investigating. Read_More Related posts: The 150 Fastest-Growing Franchises The 3 Most Consistent Businesses From the Franchise 500 List The Top-Ranked Franchise 500 Companies Available in All 50 States The Top 10 Franchises You Can Buy for Less Than $100,000 The Top 10 Best Franchises to Open in 2019 5 Restaurant Franchises That Will Cost You at Least $1 Million The Top 5 Business Service Franchises From the Franchise 500 Our Definitive Ranking of 2019’s Strongest Franchises

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The Top 10 Best Franchises to Open in 2019

Here’s everything you need to know about the top franchises to open from the ‘Entrepreneur’ Franchise 500. January 16, 2019 8 min read Back in 1980, Entrepreneur published its first annual edition of the Franchise 500, the world’s first, best and most comprehensive ranking of franchised companies. And while franchising’s business model has changed little in 40 years, franchises themselves have changed a lot. Most of us associate franchising with America’s biggest brands, but in truth, the franchising industry is constantly refreshing itself with new players. The top 10 companies on our list are evenly split by longevity: Half began franchising before 1980, the other half after. Related: 3 Reasons Buying a Franchise Might Be Better Than Starting Your Own Business How do we determine which companies come out on top? Using our proprietary ranking formula, which is always evolving to keep up with the ever-changing franchise world. Here’s an overview of what we consider: […]

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Our Definitive Ranking of 2019’s Strongest Franchises

What trends are tops? What brands have proved most lasting? What franchise may be the right opportunity for you? Explore, absorb, and learn from our annual list. January 15, 2019 5 min read This story appears in the January 2019 issue of Entrepreneur. Subscribe » Rewind to 1980. Sushi was new to America, video rental stores were hot, tanning salons were an inviting curiosity, and Entrepreneur was publishing its first annual edition of the Franchise 500. That means this is our 40th edition — which is a good opportunity to step back and look at how much has changed in the world of franchising. The short answer: Franchising’s business model has changed little in 40 years, but franchises themselves have changed a lot. Related: Our Top 10 Franchise Categories for 2019 Dig into our list this year, and you’ll see this tension of old and new. The casual consumer may associate […]

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Culver’s Succeeds By Investing In Managers

At the #6 company on our Franchise 500 list, a mentorship program focuses on turning store managers into franchisees — and it’s fueling growth. January 15, 2019 2 min read This story appears in the January 2019 issue of Entrepreneur. Subscribe » Started franchising: 1988   Total units: 680   Cost to open: $2M–$4.7M The menu at Culver’s hasn’t changed much since the fast-food company’s inception in 1984. It still offers frozen custard, a childhood favorite of cofounder Craig Culver, as well as ButterBurgers, which are made using his mother’s original recipe. But something is new at Culver’s — because it’s here, ranked in the top 10 of the Franchise 500 for the first time, after bringing in $1.43 billion in revenue in 2017, according to Technomic, a food-industry research and consulting firm. (Last year, Culver’s ranked #13.)  Related: The Top 200 Franchise Brands People Love the Most So what’s new? Truly nothing much, […]

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The Top 5 Business Service Franchises From the Franchise 500

Open a franchise and help others with their businesses, too. September 18, 2018 4 min read Investing in a franchise will, hopefully, allow you to do two things: Allow you to work for yourself. Provide you with the resources you need to flourish. That can be a powerful combination, and it’s why so many of our readers ask about franchises. However, it’s also possible to offer those services to other potential entrepreneurs, whether through coaching, investing or even working in the business services industry. These five companies from the Franchise 500 can allow you to help other people achieve their dreams and maintain their independence. The UPS Store Originally, The UPS Store was a separate company called Mail Boxes Etc. Its founders, Gerald Aul, Pat Senn and Robert Diaz, created it as an alternative to the U.S. Postal Service. However, in 2001, the company became a subsidiary of UPS, and […]

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The Top 10 Franchises You Can Buy for Less Than $100,000

These 10 franchises can cost less than six figures, and they all rank in the top 40 of our Franchise 500. July 31, 2018 6 min read Franchises are a great option for anyone who wants to have a combination of freedom and support, as this business model lets you work for yourself while enjoying the branding and experience of a larger company. However, investing in a franchise can be cost-prohibitive for many people. That’s why we’ve made this list of the top 10 franchises from our Franchise 500 list that you can buy for less than $100,000. Check out a breakdown of each business below, or visit our any-budget franchise page to learn more. Related: The 10 Best Franchises to Open in 2018 1. 7-Eleven 7-Eleven was the No. 1 franchise on our list in 2017, and it took the No. 2 spot this year. The convenience-store franchise has […]

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The 3 Most Consistent Businesses From the Franchise 500 List

These three franchises ranked in the top 10 of our Franchise 500 list 25 years ago. They’re still on top in 2018. May 29, 2018 4 min read Each year, Entrepreneur releases its list of top 500 franchises. That list is created by measuring dozens of metrics, including price, branding, reach and longevity. Here were the top 10 entries this year: McDonald’s 7-Eleven Dunkin’ Donuts The UPS Store ReMax Sonic Great Clips Taco Bell Hardee’s Sport Clips All of these franchises have shown great success over time, but even among them, three stand out for their longevity: McDonald’s (No. 1), Dunkin’ Donuts (No. 3) and The UPS Store (No. 4). All three also appeared in the top 10 of the Franchise 500 list in 1993, when the list was a relatively new thing (it started in 1980) and Entrepreneur.com didn’t even exist yet. While a lot of things have changed […]

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The Top-Ranked Franchise 500 Companies Available in All 50 States

We looked at the top 20 businesses from our Franchise 500 to find a top-ranked franchise in your home state. April 10, 2018 5 min read Companies often choose to franchise when they have created a successful business model — the more locations can bring in, the greater profits for the company. Unfortunately, that success can also lead to too many franchises that can impact each individual location. But smart franchises know their customers and know where the next best opportunity will come, so they focus on those areas. And while McDonald’s and other big-name franchises, like Taco Bell and Jimmy John’s, are popular (and rank high on our Franchise 500 list), they aren’t necessarily showcasing availability for new locations in particular states. Specifically, they don’t offer territory maps on their websites. For this piece, we examined the company website for every business in the top 20 of our Franchise […]

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5 Restaurant Franchises That Will Cost You at Least $1 Million

With 3,557 locations as of the start of 2017, Sonic has less than a 10th the number of units as McDonald’s, but the drive-in burger and ice cream joint has been franchising for almost as long. The company, which ranks No. 6 on the Franchise 500, first opened in 1953 as Top Hat Drive-In but began franchising in 1959 under the Sonic Drive-In name. There is still plenty of franchise ability left in the U.S., which you can find on the Sonic franchising page. CEO: Cliff Hudson Business headquarters: Oklahoma City Franchising since: 1959 Initial investment: $1,073,000 to $2,361,500 Initial franchise fee: $45,000 New units in 2017: 31 units (0.9 percent) Training: 400 hours on the job, 24 hours in the classroom Marketing support: Co-op advertising, ad templates, national media, regional advertising, social media, SEO, website development, email marketing, loyalty program/app Related: Just How Much Does It Cost to Own […]

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