Every year, Entrepreneur Magazine produces its top 500 franchise list featuring franchises around the world. To be make the list, a franchisor must have a minimum of 10 franchise location, with at least one in the US, and provide a complete Franchise Disclosure Document. The companies must be seeking for new franchise partners in the US, and cannot be in the middle of Chapter 11 bankruptcy proceedings.
After those criteria are met, each company is ranked based on financial strength and growth as well as the number of years the company has been franchising, the cost for a franchisee to open, and the percentage of terminations that have occurred. Franchisee satisfaction and management style are not taken into account when producing the Franchise 500 list.
ASP is proud to have our swimming pool franchise rank among the Franchise 500 list for 5 years running, and our rank continues to climb each year. The proven systems we provide our franchisees with along with our nationally recognized brand help each member of our franchise family to be successful.
The Top Ten
In 2014 alone, franchises across the nation generated more than 1.5 trillion in annual sales with the average initial investment coming in at $520,000. Though the top companies in the annual list have start up fees well over $100k, they also have a globally recognized brand, offer world class training and support teams, and are willing to help potential franchisees with financing options.
Looking at the top ten franchises listed on the 2014 Franchise 500 list, they all have a few things in common:
- On average, 40% of the franchise owners own more than one store
- The median amount of franchise locations among these top franchises is 2,122
- Each of the top ten franchises have been among the top ten listed for three consecutive years
- Growth rates and year established vary across the franchise industry
Across the nation, new franchise opportunities are popping up every year. In the 2014 Franchise 500 research phase, it was found that:
- 43% of franchises nationwide are in the foodservice industry
- In the US alone, there are 3,000 franchise systems
- The average duration of a franchise agreement is 14 years
While ASP has not yet made it to the top 10, we believe our swimming pool franchise opportunity has the potential. We offer a affordable path to small business ownership, comprehensive training, unmatched marketing support, and prove systems and strategies to help you be successful. When you are ready to dive into a franchise system that works, visit: www.aspfranchising.com