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Irvine, California (December 12, 2007) – Recognized by entrepreneurs and franchisors as the most comprehensive listing available, the Franchise 500® in Entrepreneur’s January issue reveals for the 29th straight year the latest top-ranking franchise companies in the nation. The 29th annual ranking uncovers 7-Eleven as the new No. 1 franchise, moving Subway from the top spot to the runner-up for the first time in seven years. The Franchise 500® includes 500 companies that together generated a total of $305 billion in revenue worldwide. “After nearly three decades of meticulously gathering, sorting and evaluating hundreds of franchises for the ranking, we continue to see franchises drive massive economic growth, creating countless business opportunities for people with the entrepreneurial mindset,” says Rieva Lesonsky, senior vice president and editorial director of Entrepreneur. 7-Eleven, after making it to the top 10 an impressive 16 times, now claims the No. 1 position for the first time ever in the Franchise 500®. With an expanding store base, a proprietary IT system determining in-store product assortment, exclusive brands, and the ability to take advantage of local trends even as a global company, 7-Eleven has multiple strengths keeping its success on the rise. The 500 companies and their rankings are determined by using an exclusive formula that takes into account objective and quantifiable factors for all companies. The most important factors include financial strength and stability, growth rate and size of the system. All franchises are given a cumulative score, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order. Over its 29 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for entrepreneurs. The January issue containing the ranking is a complete reference guide for entrepreneurs, revealing not only the companies listed according to their industry categories, but also information on conducting due diligence before buying a franchise, getting in on the latest trends, and programs that help with starting a franchise. The view the full ranking, visit http://www.entrepreneur.com/franchise500. The January issue of Entrepreneur magazine is available on newsstands starting December 25, 2007.
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