FranchiseHelp Announces 2020 Franchise Award Winners
FranchiseHelp is thrilled to present our second annual top franchise awards!
These rankings include gold, silver and bronze winners for several categories, including profitability, growth, top established, top emerging and top overall franchises. Established winners have over five years in operation. Profitability looks at buy in and earning potential.
With numerous franchisors submitting their information for the ranking, we believe the winners are a true testament to the strongest companies and trends in franchising.
Naturally, our goal for the past 25 years of our existence has been to celebrate all franchises. But as a leading comprehensive resource center for prospective franchisees, we used our vast experience, expertise, and of course, proprietary data, to evaluate the strength of franchise opportunities provided today.
Some key factors that went into our evaluation include, but are not limited to:
- Cost & Fees Liquid Capital Requirement, Franchise Fee, Royalty fees
- Size & Growth Growth rate, closures, years in operation
- Franchise Disclosure Document Item 19 disclosures
- Support Marketing Support, Operational Support, Training
You can see the full list of winners here!
Meanwhile, some parting words from FranchiseHelp President, Anna Flowers:
“This has been a particularly challenging year for all of us in the Franchise industry, and it has highlighted the tremendous resilience of Franchising. This year’s FranchiseHelp Award Winners are an outstanding group of Franchisors who have risen to the challenge. Potential franchisees should look very closely at these brands as they look to join a strong and supportive franchise business that can weather a storm.”
Attending IFE's Online Expo? Here's How to Use This Virtual Event To Keep Your Pipeline Full In 2020
We sat down with Tom Portesy and Sheila Fischer from MFV, the parent company that puts on IFE, to talk about how attendees can get the most out of this online experience.
Where to Find Financing for Your Franchise
If you decide that you do want to obtain financing for your franchise business from external sources, you should:
Capital Formation Strategies For the Growing Franchise
One of the most difficult tasks faced by the leadership team of a growing franchisor is the development and maintenance of an optimal capital structure and access to the resources that the franchisor will need to stay strong and maintain its growth plans. Access to affordable debt and equity capital continues to be a problem for the growing franchisor even though franchising has matured as a viable method of business growth.
