January 18, 2017 // Franchising.com // CHESHIRE, CT – Wayback Burgers, America’s hometown burger joint, serving delicious, fresh burgers made from 100-percent ground beef, hand-dipped milkshakes and more, was recently ranked in Entrepreneur magazine’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking.
Recognized by entrepreneurs and franchisors as a top competitive tool of measurement, the Franchise 500® places Wayback Burgers as 458th for its exceptional performance in areas including financial strength and stability, growth rate, and brand power.
“Wayback Burgers is honored to be included among Entrepreneur’s top franchise rankings for 2017,” said John Eucalitto, president, Wayback Burgers. “With strong and steady debt-free growth, operations in 26 states, and new locations opening at a rate of two per month, in addition to an international development schedule in 33 countries, it’s an exciting time for the Wayback Burgers brand, and we, along with our dedicated franchise partners, are thrilled to be recognized for our efforts.”
“We spend months gathering and crunching data in order to produce the Franchise 500 ranking. We’re proud of the result and the way it continues to be a resource for the franchise community,” says Jason Feifer, editor in chief of Entrepreneur. “Like every industry, franchising is ever-evolving and must smartly react to new technologies and consumer demands. We know it takes a lot to stay competitive, and are excited to celebrate those that do it best.”
“In order to reflect the evolving business world at large, we at Entrepreneur continue to evolve our annual ranking, too,” says Ryan Shea, president of Entrepreneur. “We’ve developed new ways to measure and analyze our collected data as new critical data points come into play. We take into account pertinent factors such as social media presence and financing availability, which have become increasingly important in today’s economy. The result is a more complete and relevant Franchise 500® that can serve as a valuable resource for our readers.”
The key factors that go into Entrepreneur’s evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
Over its 38 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for entrepreneurs. Wayback Burgers’ position on the ranking reinforces its strength in the industry.
To view Wayback Burgers in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February issue of Entrepreneur available now on newsstands.
For more information on Wayback Burgers, visit www.WaybackBurgers.com, Facebook, Twitter or Instagram.
Founded in 1991 in Newark, DE, Wayback Burgers is a Connecticut-based fast-casual franchise with a reputation for fresh burgers and thick, hand-dipped milkshakes, and currently operates in 26 states with over 120 locations nationally and internationally in Argentina, Brunei and Saudi Arabia. Wayback Burgers, through its executed master franchise agreements, plans to open in 33 countries in the Middle East, Northern Africa, Argentina, Pakistan, and Alberta and Saskatchewan, Canada, along with pending agreements in Chile, Guatemala, Nigeria, India, Mumbai and Western Malaysia. For more information on franchise sales and development, please contact Scott Milas email@example.com for national franchise opportunities or William Chemero firstname.lastname@example.org for international opportunities, or visit http://franchise.waybackburgers.com/.
SOURCE Wayback Burgers
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