We are thrilled to announce that Wireless Zone® has been recognized in Entrepreneur’s inaugural ranking of the Top Brands for Multi-Unit Owners. This award names the top brands with the most appeal for prospective franchisees interested in multi-unit ownership and existing franchisees looking to expand their portfolios. Wireless Zone® ranked number 19 on this list!
According to franchise research and advisory firm FRANdata, 53.2% of all franchise units operating in the U.S. last year were owned by multi-unit owners. To determine the top brands for multi-unit ownership, Entrepreneur asked franchisors a few relevant questions: Do they offer discounts to franchisees purchasing multiple units? What percentage of their franchisees own multiple units? What percentage of their brand’s total units are owned by multi-unit franchisees? What is the average number of units owned by each franchisee? And finally, do they only sell multiple units or master licenses? They also factored in each company’s Franchise 500 score, which is based on an analysis of more than 150 datapoints in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial stability.
“Entrepreneur’s lists reflect the state of the franchise industry—and there is perhaps no greater story than the power of the multi-unit franchisee,” says Jason Feifer, editor in chief of Entrepreneur magazine. “The industry is increasingly embracing them as motivated, knowledgeable, capable operators, and it’s no wonder that brands are now competing for these great multi-unit owners’ attention.”
We have also been recognized on Entrepreneur’s Franchise 500 ranking year after year, a list that ranks the top franchises based on size, growth, financial strength, stability, costs and fees, and brand strength.
Read our full profile on Entrepreneur’s website here.
Learn more about franchise opportunities at Wireless Zone® here.