Hwy 55 Ranked a Top Franchise in Entrepreneur’s Highly Competitive 40th Annual Franchise 500
Posted on January 16, 2019
Mt. Olive, NC (January 2019) – Hwy 55 Burgers, Shakes & Fries, a national fast-casual chain restaurant, recently ranked in Entrepreneur magazine’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. Placement in the Franchise 500® is a highly sought-after honor in the franchise industry, as evidenced by the fact that Entrepreneur received more than 1,000 applications this year, making it one of the company’s most competitive rankings ever.
Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranks Hwy 55 as #405 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power. This year marks the fourth consecutive year Hwy 55 has been included on the Franchise 500 ranking.
“Hwy 55 is proud to once again be included on Entrepreneur magazine’s Franchise 500 list,” said Hwy 55 Founder and CEO Kenney Moore. “The ranking is a reflection of the strength, stability and growth of the Hwy 55 franchise brand within the restaurant industry.”
Hwy 55 is a diner with a full menu of American classics served in a fun, 1950’s dining atmosphere. It features fresh, never frozen, hand-pattied hamburgers, cheesesteak sandwiches, salads and a wide variety of milkshakes and frozen custards. Each location features a unique open kitchen in which customers can watch their meals being prepared.
“As we celebrate 40 years of producing the Franchise 500, it’s a good opportunity to step back and look at how much has changed since that first ranking in 1980,” says Jason Feifer, editor in chief of Entrepreneur. “While the franchise business model has changed little, the strongest franchise brands are constantly evolving and innovating to keep up with changing trends and technology.”
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 40 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Hwy 55’s position on the ranking is a testament to its strength as a franchise opportunity.
To view Hwy 55 in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2019 issue of Entrepreneur, available on newsstands January 15.
About Hwy 55 Burgers, Shakes & Fries:
Once a well-kept secret in tiny but vibrant Mount Olive, North Carolina, Hwy 55 now operates 137 restaurants and has sold the rights to more than 1,000 franchise locations around the world. Hwy 55 has also signed franchise area agreements for Texas, West Virginia, Louisiana, Kentucky and southern Indiana and Virginia in the past year. For more information on Hwy 55 visit https://www.hwy55.com.