The project, entitled The FOOD 50 – 2006 Franchisee Satisfaction Awards™, will help to identify the top 50 food franchises, ranked by their overall levels of franchise owner satisfaction.
The FOOD 50™ survey will ask franchise owners 20 questions related to their franchise ownership experience. The survey questions cover franchisee training and support, system quality issues, franchisor relationship, financial opportunity and overall satisfaction. Additionally, franchisees will complete demographic and lifestyle questions, for a 360-degree view of their franchise experience.
“Franchising is nearly a $2 trillion industry and food-related franchises make up the largest single segment… roughly 40%,” said Eric Stites, President of Franchise Business Review. “There are thousands of franchise opportunities today. We want to help prospective franchise buyers identify the very best opportunities. From my experience, franchisee satisfaction is the single most important factor to consider before investing in a franchise and it is often the hardest to measure.”
Franchise Business Review recently completed a similar project called the Franchise 50™, surveying thousands of franchisees across the U.S. and Canada. Nearly 250 companies registered for the Franchise 50™ project, which was one of the largest surveys ever completed on franchise owner satisfaction. The FOOD 50™ project will be an exclusive look at satisfaction levels among franchise food operators and Franchise Business Review expects to have over 100 leading food franchise companies participating.
Registration for the Food 50 Awards is open to all North American based food franchise companies with 10 or more franchisees. Companies must register by June 30, 2006. Registration and details are available at http://www.Food50.com. Franchise Business Review will be presenting awards to the 50 highest scoring companies, as well as “Best-in-Category” awards for winners in each market segment. The award-winning companies will be announced in early September.
About Franchise Business Review
Franchise Business Review is a national franchise market research firm that performs independent surveys of franchisee satisfaction and franchise buyer experiences. The firm’s services include commissioned franchise research projects leveraging proprietary survey processes and software, as well as industry-wide studies of franchisee satisfaction open to all North American franchise companies. Franchise Business Review is headquartered in Portsmouth, NH and can be reached at 603.552.2747 or by visiting their company websites at http://www.FranchiseBusinessReview.com, http://www.Franchise50.com and http://www.Food50.com.
Franchise Business Review Media Relations Contact:
Eric Stites
Founder and President
Portsmouth, NH
603-552-2747
eric@franchisebusinessreview.com
View Company Website: http://www.franchisebusinessreview.com