Rankings
Find current information on the largest multi-unit franchisee enterprises in the country. These lists and rankings reveal how many units they have, their favorite brands, and which regions of the U.S. have the most franchised businesses.
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September 13th, 2025
 Tropical Smoothie Cafe is a healthier, quick-casual restaurant brand with 1,500+ locations in 44 states. One of its key differentiators is what the brand offers on the menu—a product mix of 60% smoothies and 40% food.
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2025's Mega 99 list ranks the country's largest multi-unit franchisees by unit count, including their brands.
- Ambika Oberoi
- 4,761 Reads 31 Shares
The industry is evolving toward a structure favoring scale and consolidation
- Ambika Oberoi
- 6,636 Reads 17 Shares
The Milwaukee-based operator also owns Subway and Tropical Smoothie Cafe locations
- M. Scott Morris
- 2,891 Reads 8 Shares
The regional development agreement will target cities around Arlington, Virginia, and Frederick, Maryland
- M. Scott Morris
- 3,702 Reads 6 Shares
The 2024 Multi-Unit 50 rankings highlight the brands with the largest total number of multi-unit franchisees and the highest percentage by brand
- Franchise Update Media
- 9,535 Reads 14 Shares
The 2024 Multi-Brand 50 ranks the top U.S. franchises by number of units, their brands, and the MB50's 25 most popular brands
- Franchise Update Media
- 8,087 Reads 7 Shares
In 2024, large multi-unit ownership and consolidation will continue to gain traction
- Christina Niu
- 21,244 Reads 47 Shares
Who’s up? Who’s down? Find out who’s dominating their states and regions in our 2023 Dominators Rankings.
- Multi-Unit Franchisee
- 6,087 Reads 8 Shares
The 2023 Multi-Unit 50 rankings highlight the brands with the largest total number of multi-unit franchisees and the highest percentage by brand.
- Multi-Unit Franchisee
- 4,303 Reads 2 Shares
2023’s Mega 99 list ranks the country’s largest multi-unit franchisee by unit count, including their brands
- Multi-Unit Franchisee
- 13,595 Reads 19 Shares
Insights into the annual Mega 99 rankings from FRANdata’s director of research
- Ritwik Donde
- 5,789 Reads 46 Shares
Who's dominating in their markets and regions? See our 2022 Dominators rankings to find out!
- Multi-Unit Franchisee
- 2,300 Reads 2 Shares
The 2022 Multi-Unit 50 rankings highlight the brands with the largest total number of multi-unit franchisees and the highest percentage by brand
- Multi-Unit Franchisee
- 7,913 Reads 21 Shares
The 2022 Multi-Brand 50 ranking highlights the largest franchisees in the U.S. and their 25 favorite brands
- Multi-Unit Franchisee
- 6,638 Reads 15 Shares
2022’s Mega 99 list ranks the country’s largest multi-unit franchisee by unit count, including their brands
- Multi-Unit Franchisee
- 17,106 Reads 25 Shares
Who’s dominating in their markets and regions? See our 2021 Dominators rankings to find out!
- Multi-Unit Franchisee
- 5,390 Reads 5 Shares
Top 50 Brands by Number of Multi-Unit Franchisees
- Multi-Unit Franchisee
- 9,902 Reads 40 Shares
The 2021 Multi-Brand 50 ranking highlights the largest franchisees in the U.S. and their 25 favorite brands.
- Multi-Unit Franchisee
- 19,053 Reads 81 Shares
Registration for Franchise Business Review’s Franchising@WORK awards closes March 31
- Eddy Goldberg
- 6,835 Reads 48 Shares
2021’s Mega 99 list ranks the country’s largest multi-unit franchisee by unit count, including their brands
- Ritwik Donde
- 15,233 Reads 26 Shares
Who's dominating in their markets and regions? See our 2020 Dominators rankings to find out!
- Multi-Unit Franchisee
- 22,931 Reads 14 Shares
The most multi-friendly brands, by units and percentage
- Multi-Unit Franchisee Magazine
- 8,259 Reads 10 Shares
The 2020 Multi-Brand 50 ranking highlights the largest franchisees in the U.S. and their 25 favorite brands.
- 7,082 Reads 15 Shares
2020's Mega 99 list ranks the country's largest multi-unit franchisee by unit count, including their brands.
- Multi-Unit Franchisee
- 21,297 Reads 112 Shares
Who's dominating in their markets and regions? See our annual Dominators issue to find out!
- Multi-Unit Franchisee
- 7,177 Reads 22 Shares
Catch up on the 2019 Multi-Unit 50 list, ranking the top 50 brands by total number and percentage of multi-unit franchisees in their system.
- Multi-Unit Franchisee
- 7,111 Reads 37 Shares
Our annual Multi-Brand 50 list ranks the top U.S. franchisees with more than one brand by number of units, along with their 25 most popular brands.
- Multi-Unit Franchisee
- 8,318 Reads 39 Shares
Each year we work with FRANdata to compile a list of the country's largest multi-unit franchisee organizations.
- Multi-Unit Franchisee
- 28,726 Reads 124 Shares
Multi-unit, multi-brand operators continue to grow--and they're getting bigger every year--a trend that continues to accelerate as these "dominators" grow their portfolios through acquisitions, building new units, refranchising, and scooping up successful units from retiring franchisees.
- Multi-Unit Franchisee
- 8,574 Reads 9 Shares
Our annual Multi-Brand 50 list ranks the top U.S. franchisees with more than one brand by number of units, along with their 25 most popular brands.
- Multi-Unit Franchisee
- 9,215 Reads 15 Shares
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