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"It's an honor to have just one brand named to the Franchise 500 list, but having five members of our family of affiliated brands is an incredible achievement." - Ray Titus, founder and CEO of UFG
WEST PALM BEACH, FL, January 12, 2023 /24-7PressRelease/ -- Five brands affiliated with United Franchise Group™ (UFG), the global leader for entrepreneurs, have been named to Entrepreneur magazine's Franchise 500®, the world's first, best and most comprehensive franchise ranking. UFG brands Fully Promoted®, Office Evolution®, Signarama®, Transworld Business Advisors® and Venture X® were recognized in the 2023 list for their outstanding performance in several key indicators of brand quality.
This is one of several consecutive years on the ranking for four of the UFG-affiliated brands:
- UFG's largest affiliated brand Signarama has appeared on the ranking for over 20 consecutive years, coming in at #130 this year.
- This year also marks the 20th consecutive year that Fully Promoted has appeared on the Franchise 500, ranking #1 in the Embroidery & Screen Printing category, #429 overall.
- Transworld Business Advisors ranked #1 in the Business Brokerages category and remained in the top 100 franchises this year, ranking #86. 2023 is the brand's third consecutive year in the top 100 after debuting on the list in 2013.
- Office Evolution, which has appeared annually on the ranking since 2017, came in at #380 this year.
- Additionally, Venture X ranked #1 in the Coworking Spaces category, #361 overall; 2023 marks the brand's third year on the Franchise 500.
Published annually, the Franchise 500 list is a highly sought honor that has become both a dominant competitive measure for franchisors and a primary research tool for prospective franchise owners. The 2023 edition was compiled in one of the most competitive selection processes ever.
"The past year underscores the extraordinary opportunities that the franchise industry presents for entrepreneurs of all levels," said Jason Feifer, Entrepreneur Editor-in-chief. "The companies named to our 44th annual Franchise 500® list represent some of the most innovative, creative and trusted brands across many industries and highlight what it takes to build the kind of momentum that drives long-lasting success."
The UFG brands were chosen from a formidable field of 1,321 brands that applied for the 2023 list; the applicants comprised a worldwide total of 646,484 units that were open and operating as of July 31, 2022. Of those, less than 38% made it into Entrepreneur's Franchise 500®. The 500 honorees represented 590,971 units, or 91% of all units globally.
To choose the final 500 honorees, Entrepreneur's editorial team researches and assesses several factors, including costs and fees, size and growth, support, brand strength and financial strength and stability. Each franchise is scored using an analysis of more than 150 data points and is then ranked on the list in order of its cumulative score.
"It's an honor to have just one brand named to the Franchise 500 list, but having five members of our family of affiliated brands – many of them for several consecutive years – is an incredible achievement," said Ray Titus, founder and CEO of UFG. "These brands being part of this prestigious ranking reinforces the strength and viability of their concepts and is a reflection of the dedication and talents of each franchise owner. It gives us added momentum that will continue driving for results in 2023 and we look forward to a successful year ahead."
Fully Promoted, Office Evolution, Signarama, Transworld Business Advisors and Venture X are part of the UFG family of affiliated brands and consultants, giving them access to a global network of resources and nearly four decades of franchise industry expertise. Each brand's inclusion in the Franchise 500 is a testament to their concept's strength as franchise opportunities.
To view the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2023 issue of Entrepreneur, available on newsstands on January 17.
About United Franchise Group
Led by CEO Ray Titus, United Franchise Group™ (UFG) is home to an affiliated family of brands and consultants including Accurate Franchising Inc.™, Exit Factor™, FranchiseMart®, Fully Promoted®, Signarama®, Transworld Business Advisors®, and the Coworks™ division consisting of Franchise Real Estate™, Network Lead Exchange™ (NLX), Office Evolution® (OE) and Venture X® as well as a food division featuring Graze Craze® and The Great Greek Mediterranean Grill®. UFG affiliated brands include over 1600 franchises in more than 60 countries, with consultants that have helped develop over 350 brands into franchises, in over 80 countries with more than 2500 franchisees. With over three decades in the franchising industry United Franchise Group offers unprecedented leadership and solid business opportunities for entrepreneurs.
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