This year, Entrepreneur Magazine published its 45th annual edition of it’s Franchise 500 ranking. It’s the world’s first, believed to be the best and most comprehensive franchise ranking. It is published annually in Entrepreneur magazine and on their website, entrepreneur.com. The list recognizes the leading franchises in the world and and the contribution that these franchises make to the world’s business community.
Understanding the ranking and how it is scored
Eligibility to participate in the ranking requires a franchise operation of at least 10 units open and operating, of which at least one must be based in North America. The franchisor must demonstrate that it is actively seeking new franchisees in the USA or Canada.
Entrepreneur considers 5 pillars in scoring the Franchise 500, these are:
Costs and Fees
- Franchise fee
- Total investment
- Royalty fees
Support
- Training times
- Marketing support
- Operational support
- Franchisor infrastructure
- Financing availability
- Litigation
Size and Growth
- Open & operating units
- Growth rate
- Closures
Brand Strength
- Social media
- System size
- Years in business
- Years franchising
Financial Strength and Stability
- Franchisor’s audited financial statements
Signarama joins the Hall of Fame
Only 50 brands are recognized by Entrepreneur in their Hall of Fame, as those franchises that have ranked in the Franchise 500 for the past consecutive 25 years or more.
The ranking is intended to give investors and entrepreneurs a neutral basis from which to compare franchise operations. It is not intended to endorse, advertise or recommend any particular franchise. Thanks to it’s robust measurement protocols, any investor makes a significantly more informed franchise investment decision once the outcomes of the Franchise 500 are considered.
We are delighted to share that Signarama is not only recognized in the Franchise 500 list, it is a Hall of Fame brand. As of 2023, Signarama has a total of 669 units open across the globe and we continue to grow.
The message from our General Manager
Signarama Southern Africa is extremely proud to share in the global participation of the Franchise 500 survey and welcomes it’s Hall of Fame status. It’s this recognition of value to our franchisees that makes the Signarama Southern Africa franchise group trusted partners in the signage industry. We have over 30 stores nationwide and are the signage providers of choice of many of Southern Africa’s top businesses.
If you are interested in a Signarama franchise, reach out to our franchising team.