October 27, 2022 // FranchiseMarketingSolutions.com // BLUE ASH, Ohio – Handyman Connection is announcing its No. 482 ranking in the 2022 Top 500 by Franchise Times. The Franchise Times Top 500 is an exclusive annual ranking of the 500 largest U.S.-based franchise systems by global systemwide sales. The project is the result of a five-month research and reporting effort each year that results in the most credible and objective franchise ranking available.
“Our 2022 Franchise Times Top 500 listing proves that our brand is not only making waves within the home-improvement industry, but in the much larger franchise industry as well,” said Jeff Wall. “We extend a giant thank you to the Franchise Times team, for providing its readers this type of insight and to everyone who plays a role in our Handyman Connection family, for making this accomplishment happen.”
The 10 largest franchised brands gained $45.4 billion in sales in 2021, a 14 percent increase over the prior year. The top 10 now account for more than $368 billion in annual sales. No. 1 McDonald’s put more room between itself and No. 2 7-Eleven, growing sales by more than $19 billion to $112.5 billion. That marked the best dollar amount sales growth across the Top 500 franchises last year.
The collection of systemwide sales data also provides useful insight into the franchise industry’s performance coming out of the COVID-19 pandemic. Every segment gained ground in 2021, with some getting back to or even surpassing 2019 sales, while others still have work to do.
SOURCE Handyman Connection