Pleasanton, CA — September 15, 2020 — NextHome was recently ranked in Entrepreneur magazine’s first Top Growth Franchises list. This list recognizes the 150 companies with the greatest positive franchise unit growth in North America over a three year period, based on data submitted for Entrepreneur’s Franchise 500® ranking. Thanks to its exceptional growth, NextHome was ranked No. 30.
“By maintaining steady, sustained growth over several years, these franchises have demonstrated that they have the systems in place to support their franchisees and help them become successful,” said Jason Feifer, Entrepreneur’s editor-in-chief. “Now as these and other companies around the country face unprecedented challenges, they may see their growth slow, but that record of success could prove more important than ever.”
The ranking follows a year of milestones for the six-year-old franchise. Although 2020 has been a year of uncertainty, NextHome’s growth has persevered as they reached 500 offices with 4,000 members across the country.
“Our growth stems from our people. Better put, the right people,” said Charis Moreno, Vice President of Sales at NextHome, Inc. “The most empowering word in our language is the word ‘no’ and I use this word often when I discuss franchising opportunities with prospective brokers and agents. While metrics are important in some conversations, I don’t find them important when it comes to the overall success of NextHome. At the end of the day, you can have the best marketing, technology, and integrated systems and tools, but if you don’t have the right people the rest doesn’t even matter.”
To determine the 2020 Top Growth Franchises ranking, Entrepreneur looked at each company’s U.S. and Canadian franchise numbers over a three-year period (from July 2016 to July 2019; given the rapid changes, COVID-19 impacts weren’t taken into account). In order to qualify, companies had to have positive growth of at least five units each year. They were ranked based on a formula that considers their total positive U.S. and Canadian franchise growth over the three years as well as factors that negatively affect growth, such as terminations, nonrenewals, and other closures.
To view NextHome in the full ranking, visit entrepreneur.com/franchises/topgrowth. Results can also be seen in the September 2020 issue of Entrepreneur.
Are you NEXT?
Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.
Each office is an independently owned and operated business.