ECW+G named to Most Profitable Franchises list by Franchise Business Review

Franchise Business Review analyzed 385 leading franchise brands representing nearly 38,000 franchise owners to identify the Most Profitable Franchise Opportunities. Franchise owners were asked 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems, including leadership, financial opportunity, training, marketing support, operational support, and franchise culture.

In addition to ranking above the benchmark for franchisee satisfaction, criteria for the Most Profitable Franchises List also considered overall investment level and average owner incomes. All brands on the list have at least 25% of their franchise owners earning annual incomes of $150,000 or higher.

Key findings from Franchise Business Review’s research include:

• The average annual income of franchise owners is $102,910
• The average annual income of franchise owners beyond the first two years (startup period) is $115,688
• The average annual income of franchise owners who own 2-4 franchise units is $142,638
• The average annual income of franchise owners who own 5+ units is $214,418

The data also shows that franchisees from the 50 Most Profitable Franchise brands rate their satisfaction with their overall financial performance 19% higher than brands not on the list, and 9 out of 10 (90%) would “Recommend their franchise to others.”

“Overall, franchisee income numbers are down slightly, by five percent from last year,” said Eric Stites, founder and CEO of Franchise Business Review, “Which is not surprising given inflation and labor increases. However, larger, multi-unit franchises are fairing better this year, with reported incomes up by about five percent. It’s important to remember the income franchise owners can earn over time as they build equity in their businesses—to look at the whole investment and the long-term value of a business. Much of the wealth that business owners ultimately realize comes from long-term equity, which they cash out when they sell the business.”

Check out the list here (…and you just might see a name you know!).

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