Award-winning food franchises were identified based on survey feedback from 10,500 franchise owners across the leading food franchise brands.
(RestaurantNews.com) Franchise Business Review, an independent market research firm serving the franchise sector, has announced its Top Food Franchises 2023. The award-winning brands on the list were identified based on survey feedback over the past 18 months from over 10,000 food franchise owners across today’s leading food brands.
Franchise Business Review (FBR) provides ratings of franchise opportunities based solely on survey research that measures franchise owner satisfaction and brand performance. The company publishes rankings of top franchises in its quarterly Franchise Buyer’s Guide and on its website franchisebusinessreview.com.
For this year’s research on the Top Food Franchises, each survey participant was asked 33 benchmark questions about their franchisor that focused on areas such as leadership, training and support, financial opportunity, and core values as well as 16 more personal questions concerning their business lifestyle and overall enjoyment of running their franchise.
“The food franchise sector delivers a tremendous return on investment for many,” said Eric Stites, Founder and CEO, Franchise Business Review. “The key is to choose the right brand. The award-winning brands on our list of the Top Food Franchises rate 15% – 25% higher on average in overall franchisee satisfaction over other food competitors. That data provides actionable insight for someone considering investing in a franchise.”
Data from the top-ranked food brands revealed that 91% of the franchise owners on this list say they enjoy being part of their franchise organization, and 4 out of 5 owners would recommend their franchise to others.
Half of franchise owners surveyed are multi-unit owners, and 60% are planning to purchase and open additional locations.
Key findings in Franchise Business Review’s Food and Beverage List:
- 91% said they enjoy being part of their franchise organization
- 86% enjoy operating their franchise business
- 85% would recommend their franchise to others
- 85% respect their franchisor
”The award-winning franchise companies on this year’s Top Food Franchises list represent a vast array of food and beverage brand segments, as well as a wide range of investment levels, including a number of businesses you can start with an initial cash investment below $25,000,” said Stites. “The list includes fast food, quick service, fast casual, and full-service restaurants, as well as mobile and retail food concepts, ice cream, and coffee shops.”
- See All 2023 Top Food Franchises
- Learn more About FBR here.
- Learn about Franchise Business Review’s Methodology here.
- Subscribe to FBR Emails here.
Research on the Top Overall Franchise Brands is now underway. Franchisors who are interested in participating in the FBR Franchisee Satisfaction Survey should visit https://tour.franchisebusinessreview.com/awards/ to learn more.
About Franchise Business Review
Franchise Business Review 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 1,100 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/