The annual Franchise 500 is out and, as ever, there’s a lot to chew on.
Entrepreneur’s Franchise 500 is the seminal list of the country’s top franchises and it determines many decisions for entrepreneurs investing in the industry. It’s interesting to learn, for instance, that McDonald’s, the #1 franchise on Franchise Direct’s list of the Top 100 Global Franchises, ranks 3 on the Entrepreneur list.
There’s lots of other fascinating info. Entrepreneur’s top franchise is the affordable accommodation provider Hampton Hotels, which says a lot about the state of the US economy at present.
Amy Cosper, VP and editor in chief of Entrepreneur said that franchising is clearly making a difference in the American economy.
"Franchises are not only a great avenue to business ownership for many with a thirsty entrepreneurial spirit, but they're also capable of playing a key role in carrying us into a growing economy. The $153.7 billion in total payroll and 7.9 million jobs they account for speak to that loud and clear," she said.
The issue will be on newsstands on December 21, though all of the info is online now. It’s great reading for anyone taking a long flight this Christmas season.