101 Mobility is honored to have made Entrepreneur’s 38th annual Franchise 500 ranking list.
Entrepreneur uses a formula to rank the top 500 franchises each year based on factors such as system size, growth, and financial strength and stability. The rankings encompassed the top 500 franchise businesses out of a possible 988. According to Entrepreneur’s guidelines listed on entrepreneur.com,
“To be eligible for our ranking, a franchisor must have had a minimum of 10 units open and operating as of July 31, 2016, with at least one franchise located in either the U.S. or Canada. The company must also be seeking new franchisees in the U.S. or Canada. It could not be in Chapter 11 bankruptcy proceedings. Once eligible, each company was then scored based on more than 150 data points, and the 500 companies with the highest cumulative scores became the Franchise 500.”
You can view the full list as well as business-specific statistics at entrepreneur.com.