February 15, 2024 // FranchiseMarketingSolutions.com // TROY, MI – Best Life Brands, LLC (“Best Life Brands”) announced today that two of its brands, ComForCare and Blue Moon Estate Sales, were recognized as two of the top 500 franchises in Entrepreneur’s Franchise 500®.
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 each brand based on their outstanding performance in areas including unit growth, financial strength and stability, and brand power. Both brands achieved higher rankings in 2024 compared to 2023 on the Franchise 500®, showcasing the brands’ commitment to furthering growth and development.
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.
“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.”
SOURCE Best Life Brands, LLC