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The Franchise 500® includes 500 companies that together have a total of more than 358,000 units and $400 billion in sales worldwide. “It’s clear franchises are a major force in the market and have a vital position in the nation’s economy,” says Rieva Lesonsky, senior vice president and editorial director of Entrepreneur. Pop-A-Lock, the nations largest locksmith franchise improved its ranking leaping from #293 to #148. The Pop-A-Lock franchisee system has continually improved and expanded their geographical footprint and currently provides service capabilities to a population area of more than 100 million consumers in 3,600 communities across 36 states. The 500 companies and their rankings are determined by using an exclusive, top-secret formula that takes into account objective and quantifiable factors such as financial strength and stability, growth rate and size of the system. All franchises are given a cumulative score, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order. The Franchise 500® ranking and information on how to conduct research, the four keys to franchise success, financing a franchise and what it takes to succeed as a franchisee are available in the January 2007 issue of Entrepreneur. The full ranking is available at http://www.entrepreneur.com/franchise500
