Freddy’s Frozen Custard and Steakburgers is so proud to announce that we have been ranked, once again, on Entrepreneur’s Franchise 500 list. We ranked #34 in 2021, moving up 33 spots from #64 in 2020.
This annual ranking determines the 500 best franchises on the market by using five key pillars – cost & fees, size & growth, support, brand strength, and financial strength & stability. To be eligible to rank, a franchisor must be seeking new franchisees in the U.S. or Canada and must have had a minimum of 10 units open and operating as of July 31, 2020, with at least one franchise located in North America. Each eligible franchisor was scored based on more than 150 data points, and those with the highest cumulative scores became the Franchise 500. The Franchise 500 scores are then used throughout the year to distribute other awards through Entrepreneur Media.
The Entrepreneur Franchise 500 award proves our business model is strong and in demand across the country. Entrepreneur says, “after a year unlike any other, and, in spite of the many challenges faced by the franchise industry in 2020, many existing franchisors continued to grow (and evolve), and new companies even continued to enter the franchise arena, resulting in a record-breaking number of applicants from an ever-wider variety of industries.”