Franchise Business Review, an independent market research firm serving the franchise sector, has released its 2023 Top 200 Franchises List, which includes 39 award-winning food franchises. This highly-anticipated list of award-winning franchises recognizes the best franchise opportunities available based on franchisee satisfaction.
“The food franchise sector delivers a tremendous return on investment for many,” said Eric Stites, founder and CEO of Franchise Business Review. “The key is to choose the right brand. The award-winning brands on our list of the Top Food Franchises rate 15% – 25% higher on average in overall franchisee satisfaction over other food competitors. That data provides actionable insight for someone considering investing in a franchise.”
There are countless franchises to pursue, but not all franchise systems are created equal. Franchise Business Review’s in-depth research delivers a comprehensive list of today’s top franchise opportunities based on feedback from nearly 38,000 actual franchise owners from more than 360 brands.
In its annual survey, Franchise Business Review (FBR) asks 33 benchmark questions focused on areas such as satisfaction, trust, leadership, training, support, culture, and core values. FBR also asks questions about work-life balance, day-to-day operations, and profitability to get a complete picture from the franchisees’ perspective. This data determines the Franchisee Satisfaction Index (FSI) score.
FSI is the industry standard by which the health of any franchise company can be measured and tracked over time. Established by Franchise Business Review in 2007, FSI is a collective assessment of the critical areas of franchisee satisfaction and engagement. The FSI score of a franchise is a powerful tool for evaluating franchise systems, tracking operational performance, and predicting future success.
To see FBR’s top food franchises in 2023, go to https://franchisebusinessreview.com/lists/top-food-beverage-franchises/.
To see the complete list of FBR’s Top 200 Award-Winning Franchises for 2023, go to https://franchisebusinessreview.com/lists/top-franchises/.
Franchisors who are interested in qualifying for a Franchisee Satisfaction Award should visit https://tour.franchisebusinessreview.com/awards/.
Franchise Business Review (FBR) is a leading market research firm serving the North American franchise sector. The company’s data-based insights, ratings, and reviews help potential franchise buyers make better-informed decisions and franchise brands achieve their performance objectives. Since 2005, FBR has surveyed hundreds of thousands of franchise owners at over 1,200 brands to benchmark franchisee and employee satisfaction and engagement. FBR publishes its free industry reports and insights on its website (http://www.FranchiseBusinessReview.com) and in the FBR Franchise Buyer’s Guides (https://franchisebusinessreview.com/page/publications/).