WEST PALM Beach, FL. January 12, 2023 /24-7PressRelease/ Entrepreneur Magazine’s Franchise 500(r) has named five brands associated with United Franchise Group ™, the worldwide leader in entrepreneurs. It is the first and best comprehensive ranking of franchises. The 2023 list recognized UFG brand brands Full Promoted, Office Evolution(r), Signarama (r), Transworld Business Advisors[r]and Venture X(r), for outstanding performances in key indicators of quality.
This ranking is for the fourth UFG-affiliated brand:
Signarama, UFG’s biggest affiliated brand, has topped the rankings for more than 20 years consecutively. This year it ranked #130.
Fully Promoted is also ranked #1 on the Franchise 500 in the Embroidery & Screen Printing Category, and #429 overall.
Transworld Business Advisors was ranked #1 under the Business Brokerages category. They also remained at #86 in the Top 100 Franchises for this year. After debuting in 2013, Transworld Business Advisors is now in its third consecutive year among the top 100.
Office Evolution, which appears annually in the rankings since 2017, was ranked #380.
Venture X was also ranked #1 for Coworking Spaces, ranking #361 in total; this marks Venture X’s third consecutive year on Franchise 500.
The Franchise 500 List is published annually and has been a sought-after honor. It’s a key competitive indicator for franchisors as well as a valuable research tool for potential franchise owners. This edition 2023 was created in the most competitive selection process ever.
Jason Feifer (entrepreneur editor-in-chief) stated that “the past year highlights the extraordinary opportunities the franchise industry offers for entrepreneurs at all levels.” The 44th Annual Franchise 500(r), which includes some of the most creative, innovative and respected brands in many industries, highlights what it takes for long-lasting success.
From a strong field of 1,321 brand applications for the 2023 List, the UFG brands were selected. There were 646,484 open units worldwide as of July 31, 2022. Only 38% of those made it to Entrepreneur’s Franchise 500 (r). These 500 honourees represented 91% of global units at 590,971 units.
Entrepreneur’s editorial staff researches and evaluates many factors to determine the 500 final honorees. These include costs, fees, growth and support as well as brand strength, financial stability and financial strength. The scores are based on more than 150 points of data and each franchise then ranks in the order of their cumulative score.
Ray Titus (founder and CEO at UFG) stated that it was an honour to be named on the Franchise 500 List. However, having five of our affiliated brands, many for many years consecutively, is an amazing achievement. These brands are part of the prestigious ranking strengthens their concepts’ viability and is an indication of the hard work and talent of franchise owners. We feel this gives us additional momentum to continue our efforts for success in 2023.
Fullly Promoted, Office Evolution and Transworld Business Advisors are all part of UFG’s family of associated brands and consultants. This gives them access to a worldwide network of resources as well as nearly forty years of industry experience. The inclusion of each brand in the Franchise 500 is an indication that their concepts are strong as potential franchise opportunities.
To view the full ranking, visit www.entrepreneur.com/franchise500. The January/February 2023 Entrepreneur issue, which is available at newsstands from January 17, also contains the results.
United Franchise Group
United Franchise Group ™, headed by Ray Titus (CEO), is the home of an affiliate family of brands, including Accurate Franchising Inc. ™, Exit Factor ™, FranchiseMart (r), Fully Promoted (r), Signarama (r), Transworld Business Advisors (r), and Coworks ™, which includes Franchise Real Estate ™, Network Lead Exchange ™, (NLX), Office Evolution (r) (OE), Venture X (r) and Great Greek Mediterranean Grill (r) and Great Greek Mediterranean Grill (r) UFG affiliate brands have over 1600 franchises across more than 60 nations. UFG consultants have assisted in the development of over 350 franchise brands in 80 countries. There are more than 2500 franchisees. United Franchise Group has over 30 years of experience in franchising and offers solid business opportunities to entrepreneurs.
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