AlphaGraphics Makes Most Profitable Franchises List for 2024
AlphaGraphics, a leading franchisor of printing and marketing solutions, has been listed as one of the nation’s Most Profitable Franchises by Franchise Business Review (FBR) in its 2024 report.
“It is a tremendous honor to be named to FBR’s prestigious list of the most profitable franchises this year,” said Bill McPherson, vice president of retail network development. “AlphaGraphics prides itself on our relationship with our franchise owners. We put a great deal of effort into providing our franchise owners with the tools they need in order to achieve their goals while still offering an enjoyable culture, atmosphere and franchise community. By focusing on finding franchise owners who flourish in this culture, we ensure that the whole organization thrives.”
To compile the list, FBR analyzed 385 leading franchise brands representing nearly 38,000 franchise owners to identify the most profitable franchise opportunities. Franchise owners were asked 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems, including leadership, financial opportunity, training, marketing support, operational support, and franchise culture.
In addition to ranking above the benchmark for franchisee satisfaction, criteria for the Most Profitable Franchises list also considered overall investment level and average owner incomes. All brands on the list have at least 25% of their franchise owners earning annual incomes of $150,000 or higher.
“Overall, franchisee income numbers are down slightly, by 5% from last year,” said Eric Stites, founder and CEO of Franchise Business Review. “This is not surprising given inflation and labor increases. However, larger, multi-unit franchises are faring better this year, with reported incomes up by about 5%. It’s important to remember the income franchise owners can earn over time as they build equity in their businesses—to look at the whole investment and the long-term value of a business. Much of the wealth that business owners ultimately realize comes from long-term equity, which they cash out when they sell the business.”
According to the report, FBR found that AlphaGraphics’ franchise owners say that they are highly satisfied with their company. Here’s how the franchisees rated their franchise:
- 91% of franchisees enjoy operating their business.
- 91% of franchisees are likely to recommend the brand to others.
- 89% of franchisees feel supportive of each other.
To see FBR’s complete list of the 2024 Most Profitable Franchises, visit https://franchisebusinessreview.com/lists/most-profitable-franchises/.
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly reflect the thoughts or opinions of the staff of Printing Impressions.
