The Most Powerful Brands in FranchisingHere are the strongest brands in franchising for 2017, ranked.
This story appears in theSeptember 2017issue of狗万官方.Subscribe »
There are many ways to measure the strength of afranchise. How many units does it have? What are its financials? Itsgrowth? How well does it support its franchisees? But this month, for the first time ever,狗万官方is zeroing in on a factor that's challenging to measure, easily overlooked and yet critical to the health of any business:branding.
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We wanted to know: Which franchises have done the best job of building themselves up as beloved, recognizable, robust brands? We did this by analyzing factors such as social media followers, system size, number of years in business, number of years franchising and overall reputation -- and looking at how they all combine to form lasting relationships with fans.
Our list shows that great brands are a paradox. Longevity and consistency matter, but only if a brand also constantly evolves. A prime example is KFC, which tops our list. On the following pages, you can see how its recent "Re-Colonelization" efforts have paid off, and learn how other top franchise brands stay fresh while maintaining their already strong foundations.
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Please keep in mind that this list is not intended as a recommendation of any particular company. A vibrant brand is just one of many elements to consider when buying a franchise; it's critical that you do due diligence before investing in any opportunity. Read the company's legal documents, consult with an attorney and an accountant and talk to as many existing and former franchisees as you can.
To learn who made the cut, check out our list ofThe Most Powerful Brands in Franchising.