Sylvan Learning Named by Entrepreneur

Sylvan Learning is recognized by Entrepreneur as a top brand for multi-unit ownership, highlighting its commitment to supporting multi-unit franchisees.

Read the original at Franchising.com
Sylvan Learning Named by Entrepreneur

TL;DR

Sylvan Learning was recognized by Entrepreneur as a Top Franchise for Multi-Unit Owners, highlighting its commitment to supporting multi-unit franchisees. The ranking was based on factors such as discounts for multi-unit purchases and the percentage of franchisees owning multiple units.

Sylvan Learning was recognized by Entrepreneur as a Top Franchise for Multi-Unit Owners. The company ranked for its appeal to prospective franchisees interested in multi-unit ownership and existing franchise owners looking to expand their portfolio.

According to franchise research and advisory firm FRANdata, 53.2% of all franchise units operating in the U.S.

last year were owned by multi-unit owners. To determine the top brands for multi-unit ownership, Entrepreneur asked franchisors a few relevant questions: Do they offer discounts to franchisees purchasing multiple units? What percentage of their franchisees own multiple units?

What percentage of their brand’s total units are owned by multi-unit franchisees? What is the average number of units owned by each franchisee? And finally, do they only sell multiple units or master licenses?

They also factored in each company’s Franchise 500 score, which is based on an analysis of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial stability.

“Entrepreneur’s lists reflect the state of the franchise industry - and there is perhaps no greater story than the power of the multi-unit franchisee,” says Jason Feifer, editor in chief of Entrepreneur magazine. “The industry is increasingly embracing them as motivated, knowledgeable, capable operators, and it’s no wonder that brands are now competing for these great multi-unit owners’ attention.”

In this story

This story was originally published in Franchising.com on August 11, 2023. Burnaze summarizes and links to the original reporting.

Read the full story at Franchising.com

Liked this? Get the week's franchise news, explained

  • Sunday 8 AM ET weekly + a monthly deep dive
  • Sections picked for the industries you follow
  • Every claim linked to its source. Free.

Free. We'll ask you to confirm. Unsubscribe anytime.