Franchise 500® also ranks franchisor in overall Top 10 list
RE/MAX, LLC, one of the world’s leading franchisors of real estate brokerage services, once again held the top position among real estate brands in the annual Franchise 500® survey by Entrepreneur magazine. The growth rate, financial stability and size of the RE/MAX system also propelled the franchisor into the top 10 of all franchises included in the listing. This year’s ranking marks the 14th time in 18 years that RE/MAX has been listed as the top franchisor in the real estate category.
“Many of our franchisees gravitated to the RE/MAX model because our focus has always been on the needs of the agent,” said Chris Pflueger, Vice President, Business Development, RE/MAX, LLC. “We provide our broker/owners with the leading-edge tools, on-demand education, global brand recognition and more than 40 years of industry-leading experience to attract and recruit the top performing real estate agents in their markets.”
Highlights of the 38th Annual Franchise 500 survey include:
• RE/MAX ranked the #1 real estate franchise
• RE/MAX ranked #10 overall, up from #21 in 2016 and #75 in 2015
• Closest RE/MAX competitors were HomeVestors of America at #52 and Keller Williams Realty at #77
• The top 10 overall standings include #1 7-11, #2 McDonald’s, #3 Dunkin’ Donuts, #4 The UPS Store, #5 Jimmy John’s Gourmet Sandwiches, #6 Dairy Queen, #7 Ace Hardware, #8 Wingstop Restaurants, #9 Sport Clips and #10 RE/MAX
A respected ranking
Entrepreneur magazine’s annual Franchise 500 is the oldest and most comprehensive franchise ranking in the world. The prestigious survey judges all companies by the same criteria: objective, quantifiable measures of a franchise operation. The most important factors include financial strength and stability, growth rate and size of a system. Franchise 500 also considers the number of years a company has been in business and the length of time it has been franchising, startup costs, litigation, percentage of closures and whether the company provides financing. To be eligible, companies must have at least ten units, including at least one in the U.S., and provide a franchise disclosure document. An impressive 988 companies were considered for the 2017 Franchise 500 ranking.
Again and again, RE/MAX makes the list
RE/MAX also was recently ranked the leading real estate franchise for the eighth consecutive year in the annual Franchise Times Top 200+® listing. Additionally, continued growth and a steady increase in the number of locations pushed the global franchisor of real estate brokerages into the top 10 franchises included in the survey. RE/MAX ranked #8 overall, up from #11 in 2015, #12 in 2014 and #14 in 2013. The growth of RE/MAX sales countered the trend of the 10 largest franchised brands collectively losing system-wide sales for the first time in the history of the listing. Franchise Times Top 200+ is recognized as a leading franchise ranking list of the 200 largest franchise systems in the U.S. by global sales based on the previous year’s data.