The Habit Burger Grill, the California-based restaurant company renowned for its award-winning Charburgers grilled over an open flame, signature sandwiches, fresh salads, and more, was recognized as one of the top 500 franchises in Entrepreneur’s Franchise 500, the world’s first and most comprehensive franchise ranking. For 45 years, the annual Entrepreneur Franchise 500 has been a highly sought-after honor in the franchise industry and recognized as an invaluable resource for potential franchisees. The 2024 Franchise 500 ranks The Habit Burger Grill as #117 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
“Every brand on the Franchise 500 has its own unique story, but they all collectively make the same statement: Franchising is strong and resilient, is full of innovation and opportunity, and provides a powerful entrepreneurial path for many people,” says Jason Feifer, editor in chief of Entrepreneur magazine. “Our 45th annual ranking is full of companies with fresh ideas, exciting business models, cultural sway, and the kind of business sophistication that will define the next 45 years and beyond.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s ranking formula continues to evolve as well. The editorial team researches and assesses several factors, including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is then 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 ranked order.
“We’re so thrilled to have secured a prominent position in the top half of the Franchise 500 list for the third consecutive year, surpassing our previous ranking,” states Jonathan (JT) Trapesonian, Head of Franchising & Real Estate for The Habit Burger Grill. “The Habit stands out as a distinctive investment in the burger franchise landscape, with our franchise model seamlessly combining fresh, handcrafted menu offerings with cutting-edge technology, and unparalleled support for our franchisees. This recognition marks a fantastic start to 2024, and we anticipate leveraging this momentum to achieve even more milestones in the upcoming year.”
Over its 45 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. The Habit Burger Grill’s position on the ranking is a testament to its strength as a franchise opportunity.
