Franchise 500: Our Definitive Ranking of 2021's Strongest Franchises
This story appears in the January 2021 issue of Nobody expected 2020 to be a year of growth. With a pandemic raging, the future seemed too uncertain. Who could accelerate their business, let alone open a new one? What potential new franchisee would plunk down their up-front costs in this environment — and maybe even open a storefront? But now 2020 is done and the numbers are in. There are two ways to look at them. Let’s start with the bad news. The rate of new unit openings shrank, especially internationally. From July 2019 to July 2020 (which is the 12-month span we look at for the...