Pleasanton, CA — January 21, 2021 — NextHome recently ranked in Entrepreneur magazine’s Franchise 500®, the world’s most comprehensive franchise ranking. Placement in the Franchise 500® is a highly sought-after honor in the franchise industry making it one of the company’s most competitive rankings ever.
Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranks NextHome as No. 79 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power. This standing follows NextHome’s No. 95 ranking in 2020, showcasing the company’s continued growth year after year.
“2020 was a challenging year for everyone, but it was also a year of unusual opportunity,” said Jason Feifer, Entrepreneur editor-in-chief. “Franchises were able to be nimble and innovative, serving the needs of franchisees and customers in ways that will resonate for many years to come. We believe that, when we eventually look back on this time, we’ll see it as a moment when many brands defined themselves for the future.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 42-year-old ranking formula continues to evolve as well. The key factors that go into the evaluation include 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.
Over its 42 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. NextHome’s position on the ranking is a testament to its strength as a franchise opportunity.
“The NextHome franchise was built on the pillars of consumer-focused branding, technology, and marketing, and while those values are still with us today, and what has helped grow the franchise, recognitions like the Franchise 500® can be directly tied to our people,” said James Dwiggins, Chief Executive Officer of NextHome, Inc. “Without the NextHomies across the country choosing our franchise because they too want to make a difference in the industry, and in the lives of their communities, NextHome wouldn’t be where it is today.”
To view NextHome in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2021 issue of Entrepreneur, available on newsstands January 26th.
Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.
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