Pleasanton, CA — September 3, 2024 — NextHome was identified by Franchise Business Review as one of just 75 franchise brands to be named an award-winning franchise in its 2024 report on the Most Profitable Franchises.
Franchise Business Review, a franchise market research firm that performs independent surveys of franchisee satisfaction, provides the only rankings of franchises based solely on actual franchisee satisfaction and performance. Franchise Business Review publishes its rankings of top franchises semi-annually in its Guide to Today’s Top Franchises, as well as industry reports throughout the year that highlight research on the top franchises in specific sectors.
To identify the award-winning companies on this year’s list of Most Profitable Franchises, Franchise Business Review analyzed data from nearly 35,000 franchise owners representing 365 brands regarding their overall satisfaction with their brand and their likelihood to recommend it to others. Other factors include the annual income of franchise owners and the minimum startup capital requirement.
“Owner satisfaction, profitability, and long-term return on your investment are three of the most critical factors anyone should consider before investing in any franchise business,” said Eric Stites, founder and CEO of Franchise Business Review. “Most franchise businesses — like any new business — require several years of hard work before they start to really take off, but if you take the time to do your research, you have a much better chance of finding an opportunity that can help you attain significant wealth over time. The companies on the list of the Most Profitable Franchises offer a better than average shot at growing your income and received the highest ratings from current franchise owners on our independent satisfaction survey.”
NextHome’s franchisees were surveyed on 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems, including training and support, operations, franchisor/franchisee relations, and financial opportunity.
“We’re thrilled that this is the fifth consecutive year that Franchise Business Review has named NextHome a Most Profitable Franchise,” said Charis Moreno, NextHome’s Vice President of Sales. “Partnering with NextHome allows our owners to do what they do best, run their business, and we take care of everything behind the scenes. That freedom from the mundane opens the opportunity for profit building, and we couldn’t be more proud of the financial freedom our franchise has awarded.”
Visit www.FranchiseBusinessReview.com to see the full description of the 2024 Most Profitable Franchises.
Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.
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