Franchise 500 candidates, regardless of size, are judged using objective, quantifiable measures of a franchise operation. According to Entrepreneur, the most important factors include financial strength and stability, growth rate and size of the system. The magazine also considers the number of years in business and length of time franchising, startup costs, litigation, percentage of terminations, and whether the company provides financing. These factors are plugged into the Franchise 500 formula, with each eligible company receiving a cumulative score. Those with the highest scores make the list.
Founded in 2003 and based in Richmond, Va., SMARTBOX has franchises in California, Colorado, Florida, Georgia, Illinois, Louisiana, Maryland, Massachusetts, Minnesota, North Carolina, Texas and Virginia. The company serves more than 60 million customers. For more information, visit www.smartboxusa.com.