08 Sep, 2017

Top 500 Franchises

Amongst the largest and the most successful international corporations and business are run according to the franchise model, including brands such as McDonalds, which is based in the United States. Franchises usually remind us of fast food joints that are functional in almost every corner of the road and are owned by different famous fast food brands; however there are several other businesses in the retail and other sectors who are also operating franchisees in different parts of the world. According to Entrepreneur’s Top 500 Franchises rankings, Hampton Hotels is the largest franchising business in the world, with around 1864 franchise units present worldwide and is owned by Hilton Worldwide. Other businesses based in the United States which made to the top 500 are Day’s Inn, Vanguard Cleaning System and Denny’s Inc. The first business and names that come into your mind when you think of franchises are the food outlets. Amongst the top 25 franchises operating globally, brands such as the McDonalds (at number 3), Subway (at number 9), Denny’s Inc (at number 10), Hardees (at number 12), Pizza Hut (at number 13), Dunkin Donuts (at number 15), KFC (at number 16) and Papa John’s (at number 23) are present. This provides evidence as to how much food outlets have been the biggest beneficiaries of the franchising system, and have expanded their businesses vigorously on an international scale, and it seems like even the recession did not have any effect on their revenues. Retailing businesses have also taken advantage of the franchising system to expand themselves to different corners of the world. These retail stores have turned into large corporations by following the franchising model, and occupy a significant proportion of the Top 500 list. Examples of retail businesses in the Top 500 include AMPM (at number 2), 7-Eleven Inc. (at number 4), Matco Tools (at number 19), Circle K (at number 22), Snap on Tools (at number 24), GNC Franchising (at number 40) and other franchises such as UPS, the Mail Box and Cartridge World. Another industry which has greatly benefitted from the franchising system are the home businesses, and franchising has allowed them major opportunities to expand on a massive scale to different corners of the world. Chem Dry Carpet Drapery and Upholstery Cleaning, N-Hance, Fresh Coat, Mr Sandless and Oxi Fresh Franchising Company top the charts in home businesses here. Amongst the fastest growing global franchises are Stratus Building Solutions, Jan-Pro Franchising International Services and Subway.