100 Franchise Companies Recognized in an Independent Survey of Franchise Owners for Most Innovative Franchise Brands

October 19, 2023 — Portsmouth, NH Franchise Business Review, a leading, independent market research firm serving the franchise sector, has announced the recipients of its Most Innovative Franchise award.

Franchise Business Review (FBR) performs independent surveys of franchise owners, providing the only ratings of franchises based on franchisee satisfaction and performance. FBR publishes annual rankings of the top franchises in its Franchise Buyer’s Guide and guides throughout the year, ranking the top franchises in specific sectors.

To identify the companies on this year’s Most Innovative Franchises list, Franchise Business Review analyzed 18 months’ worth of data from over 30,000 franchisees representing more than 300 brands. Franchise owners were asked 33 benchmark questions about how creative and innovative they think their corporate franchise team is, whether they believe their leadership team has a clearly defined vision for where the brand is headed, and if they believe their franchise is agile and responsive to changing market trends.

“Innovation takes a lot more than just having creative ideas and solutions. It also takes execution.”

–Eric Stites, founder and CEO of Franchise Business Review.

“Each company on our list of the Most Innovative Franchises has developed and implemented products, processes, or services that enable and sustain growth and long-term resiliency. We are proud to recognize the franchises that prioritize and value innovation to support their franchisees’ success and the brand’s relevance.”

Our research recognizes the franchise companies with the highest combined scores in innovation, leadership, and overall satisfaction to identify this year’s 100 Most Innovative Franchises. View the list here: https://franchisebusinessreview.com/lists/most-innovative-franchises/

Research on the Top Franchises for 2024 is now underway. Franchisors who are interested in participating should visit: https://tour.franchisebusinessreview.com/franchisee-satisfaction-awards/


About Franchise Business Review

Franchise Business Review (FBR) is a leading market research firm serving the franchise sector. FBR measures the satisfaction and engagement of franchisees and publishes various guides and reports for entrepreneurs considering an investment in a franchise business. Since 2005, FBR has surveyed hundreds of thousands of franchise owners and over 1,200 leading franchise companies. FBR publishes free and unbiased franchisee satisfaction research reports throughout the year online at http://www.FranchiseBusinessReview.com. To read our publications, visit https://franchisebusinessreview.com/page/digital-guides/

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Stacy Richards
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