Press release from the issuing company
Transworld Business Advisors, Signarama, Fully Promoted, Intelligent Office and Venture X rank in one of the most competitive assessments in the ranking’s 45-year history.
WEST PALM BEACH, FL – Five brands in the Starpoint Brands™ division of United Franchise Group™ (UFG), the global leader for entrepreneurs, have been named to Entrepreneur magazine’s Franchise 500®, the world’s first and most comprehensive franchise ranking. The 2024 Franchise 500 recognizes Transworld Business Advisors®, Signarama®, Fully Promoted®, Intelligent Office® and Venture X® for their outstanding performance in unit growth, financial strength and stability, and brand power.
This was the most competitive year yet for the Franchise 500, with the most applications ever received. All five Starpoint Brands concepts are returning to the list after multiple years of recognition:
· Transworld Business Advisors: Ranked #80; the business brokerage consulting firm placed in the top 100 once again this year.
· Signarama: Ranked #156; the sign and graphics brand has been listed for 25 consecutive years.
· Fully Promoted: Ranked #413; the branded promotion company has landed on the list for 22 years.
· Intelligent Office: Ranked #436; the coworking concept is the newest brand to become a member of the Starpoint Brands family of trusted companies and made it on the Franchise 500 list for the fifth time.
· Venture X: Ranked #463; the coworking brand made it to the Franchise 500 for the fifth year.
As part of the UFG family of affiliated brands and consultants, and with focused attention within Starpoint Brands, UFG’s franchise division, the success of Transworld Business Advisors, Signarama, Fully Promoted, Intelligent Office and Venture X is further fueled by a global network of resources and nearly four decades of franchise industry expertise. Inclusion in the Franchise 500 is a testament to their strength as franchise opportunities.
“Once again, we are proud to announce our brands’ achievement of this prestigious recognition,” said Ray Titus, founder and CEO of UFG. “Seeing them recognized year after year is continued validation of the work we do to support our brands in providing excellent service to our customers. It’s an inspiring way to start the new year and gives us the momentum to continue driving toward success.”
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. It is both a dominant competitive measure for franchisors and a primary research tool for potential franchisees.
“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,” said Jason Feifer, Entrepreneur‘s editor in chief. “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.”
The Entrepreneur editorial team determines the rankings each year by researching and assessing factors that include companies’ 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.
To view them in the full Franchise 500® ranking, visit www.entrepreneur.com/franchise500 or pick up a copy of the January/February 2024 issue of Entrepreneur on newsstands now.
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