The 200 largest U.S.-based franchisors grew their combined annual sales by more than $28.5 billion or 4.6 percent last year, to $644.8 billion, with most categories seeing across-the-board gains well above the previous year, according to the newly released Franchise Times Top 200+, an exclusive ranking of the 500 largest franchises. That was up from $616.2 billion and a growth rate of 3.4 percent the prior year.
The 10 largest franchised brands added $14.3 billion in sales, a 5 percent surge compared to that cohort’s $7.8 billion or 2.8 percent sales growth the prior year. The top 10 now account for more than $300 billion in annual sales—that’s almost half of the entire top 200, which recorded sales of $644.8 billion in 2017.
Those numbers are a new high-water mark for the ranking, which is the result of a five-month research and reporting effort that leads to the most credible and objective franchise ranking available, said Franchise Times Editor-in-Chief Beth Ewen.
“There was some impressive growth on the list this year, but the strongest business category was by far personal services, driven by high-growth gym, massage and education concepts. No single category declined in sales, but printing and automotive categories were very nearly flat and retail was only slightly better,” said Nicholas Upton, restaurants editor at Franchise Times who wrote the lead article for the project.
So where does Tropical Smoothie Cafe land in the ranking?
- With an increase of 25%, Tropical Smoothie ranked as #4 in the Top 10 Fastest Growers by Sales category.
- Tropical Smoothie Cafe also secured the #8 spot for the Top 10 Fastest Growers by Units with a 16.5% increase.
With numbers like these, Tropical Smoothie Cafe can’t help but get noticed! Start on your path to franchise ownership today. Click LEARN MORE now.
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