United Franchise Group Brands Featured on Entrepreneur’s 42nd Annual Franchise 500®
United Franchise Group (UFG), a powerhouse association of multiple award-winning companies, announced four of its brands were named to Entrepreneur magazine’s Franchise 500®, the world’s best and most comprehensive franchise ranking. Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranked Transworld Business Advisors® (No. 68), Signarama® (No. 115), first-time recipient, Venture X® (No. 319), and Fully Promoted® (No. 357) on this year’s highly sought-after list.
“2020 was a year unlike any other and we are so honored to have four of our brands recognized by Entrepreneur for their outstanding performance,” said A.J. Titus, President of United Franchise Group. “Our brands wouldn’t be successful without the incredible network of franchisees that have shaped the brands into what they are today.”
The 2021 Franchise 500® is an all-encompassing rankings list consisting of the most successful and well-performing franchise companies based on unit growth, financial strength and stability, and brand power.
Transworld Business Advisors® was the top-ranked UFG brand on the 2021 list, coming in at No. 68. The business brokerage franchise moved from No. 119 in 2020 – a 51-spot improvement while still holding the title for No. 1 in its category.
Signarama®, the largest family-owned sign franchise, had an unbelievable year as its franchisees pivoted to create much-needed signage and personal protection equipment (PPE). This ability to provide unique solutions contributed to the No. 115 ranking on the 2021 list. Fully Promoted®, another UFG brand that catered to the needs of its clients and the community by providing uniforms and promotional products to businesses and used its global sourcing to provide PPE during the pandemic, came in at No. 357. The final UFG brand to be recognized on this year’s list is leading flexible office space provider, Venture X®. Recognized in 2020 as a top new franchise by Entrepreneur, the 2021 list ranks Venture X® No. 319.
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 42-year-old ranking formula continues to evolve as well. The key factors that go into the evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
Over its 42 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. The ranking of the UFG brands is a testament to their strength as potential franchise opportunities.
Backed by the synergy created with its fellow brands, Transworld Business Advisors®, Signarama®, Venture X®, and Fully Promoted® are affiliate members of the award-winning United Franchise Group family of companies. Each brand has the support needed for continued growth and success, both stateside and abroad, in the coming months and years.