Pleasanton, CA — January 10, 2023 — NextHome was recognized as one of the top 500 franchises in Entrepreneur’s Franchise 500®, the world’s first, best, and most comprehensive franchise ranking.
The 44th annual Entrepreneur Franchise 500® is a highly sought-after honor in the franchise industry. Recognized as an invaluable resource for potential franchisees, the 2023 Franchise 500® ranks NextHome as No. 194 for its outstanding performance in areas including unit growth, financial strength, stability, and brand power.
“The past year underscores the extraordinary opportunities that the franchise industry presents for entrepreneurs of all levels,” says Entrepreneur editor-in-chief Jason Feifer. “The companies named to our 44th annual Franchise 500 list represent some of the most innovative, creative, and trusted brands across many industries and highlight what it takes to build the kind of momentum that drives long-lasting success.”
It’s the eight-year-old franchise’s fourth consecutive year on the prestigious list as the NextHome brand continues to grow across the country with over 600 franchised locations.
“Even with 2022 being a challenging year in the real estate industry, at NextHome we stayed focused on our people and how we could best support them through world-class marketing, technology, and training,” said Charis Moreno, NextHome’s Vice President of Sales. “That continuous focus on our members and their success is what sets us apart from other real estate franchises. We truly care, something we show by having real people on the other end of the call or email, always ready to help.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 44-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.
Over its 44 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. NextHome’s position on the ranking is a testament to its strength as a franchise opportunity.
To view the full ranking, visit www.entrepreneur.com/franchise500.
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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