Franchise brands on the list received the highest satisfaction ratings from franchisees based on an independent survey
September 7, 2017 – Portsmouth, NH – Franchise Business Review, an independent market research firm that benchmarks franchisee satisfaction, has announced its annual report on the Top Food and Beverage Franchises for 2017.
Forty franchises were named to the list, including Wendy’s, Kona Ice, Uno Chicago Grill, Haagen-Dazs, Smoothie King, Golden Corral, Captain D’s, and Checkers & Rally’s.
To identify the top food and beverages franchises, Franchise Business Review analyzed 18 months worth of data from approximately 4,300 franchisees representing nearly 100 brands regarding their overall satisfaction with their brands and their likelihood to recommend them to others.
The companies on the list received the highest ratings from their franchisees in Franchise Business Review’s independent satisfaction survey, which covers financial opportunity, training and support, leadership, operations and product development, core values, general satisfaction, and the franchisee community.
“In the last few years, we’ve seen a marked improvement in franchisee satisfaction within the food and beverage sector,” says Eric Stites, CEO of Franchise Business Review. “Over 70% of food and beverage franchisees we surveyed said they would recommend their brand to other franchisee candidates, which is a strong indicator of business owner satisfaction. The food and beverage brands on this year’s list are performing well in many areas that are critical to their franchisees’ success.”
When it comes to return on investment, 32% of franchisees operating in the food and beverage sector make $100,000 or more in pre-tax income. That jumps to 37% for franchisees who have been in business longer than two years. Nearly a third (31%) of food franchisees have been in business 10 years or more.
The full list of 2017 Top Food and Beverage Franchises is available at: https://franchisebusinessreview.com/top-40-food-beverage-franchises-2017/
About Franchise Business Review
Franchise Business Review (FBR) is the only independent market research firm that specializes in benchmarking franchisee satisfaction based exclusively on ratings and reviews from franchise owners. FBR publishes free and unbiased franchisee satisfaction research reports throughout the year online at www.FranchiseBusinessReview.com.
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