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
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.”
Franchise Buying Tips: Purchase Without Passion
Yet that is exactly what most franchisees do. It's good to be enthusiastic about your future business plans. It's bad to fall in love with the deal and let your emotions take the lead. Think that won't happen to you? If you talk to a hundred franchisees you will find that few knew exactly what they were getting into. Most are sensible people with plenty of information who selectively twisted the facts to support an emotional decision.
What is a Franchise Consultant
Seriously? What is that supposed to mean?
Contact Rate Is Overrated (Here’s The Metric To Grow Your Franchise Brand Instead)
Whether you’re playing baseball or selling franchises, don’t be overly focused on contact rate. It’s important, but contact to appointment rate takes precedence.