SoBol 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 SoBol as #465 for its outstanding performance in areas including unit growth, financial strength and 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.”
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.
“SoBol’s being ranked on this prestigious list is a testament to the strength of our franchise opportunity,” says Jason Mazzarone, Co-Founder and CEO of SoBol. “We work hard everyday to make sure our franchisees can succeed and we can’t wait to continue to do so in 2023.”