Pleasanton, CA — January 28, 2022 — Entrepreneur, the media powerhouse at the forefront of the culture, mindset, and lifestyle of entrepreneurship, unveiled its 43rd annual Franchise 500® rankings earlier this month.
Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranks NextHome at No. 108 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power. NextHome’s ranking placed the franchise fourth in the real estate category and is the franchise’s third consecutive year on the prestigious list.
“This year’s Franchise 500 rankings could be one of the most revealing looks at how our economy changed as a result of the past couple of years,” said Entrepreneur Editor in Chief Jason Feifer. “Despite a year of economic uncertainty, false starts, abrupt change, and waves of fear, the franchise industry grew with spikes in ownership and interest from women, Generation Z, and a more diverse pool of new entrepreneurs than ever before.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 43-year-old ranking formula continues to evolve as well. The editorial team researches and assesses several factors that go into the evaluation, including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
The Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. NextHome’s position in the ranking affirms its strength as a franchise opportunity.
“NextHome’s recognition on Entrepreneur magazine’s Franchise 500® list is a testament to the corporate team and franchise members who have helped build the brand to where it stands today, and where it continues to grow,” said James Dwiggins, Chief Executive Officer of NextHome. “The ranking confirms our focus on branding, innovative technology, and most importantly, the humans behind the transaction is making a difference in the real estate industry.”
We would like to extend a huge thank you to all members across the country for making recognitions like this possible.
To view the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2022 issue of Entrepreneur.
Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.
Each office is an independently owned and operated business.