FRANCHISE·WATCH·DESK

RANKINGS · 10 LISTS · REAL FILINGS & FEDERAL LOAN DATA ONLY

Franchise rankings, from the filings

Every list below is computed from verified FDD extractions — Items 5–7 for costs, Item 19 for earnings disclosure, Item 20 for openings and exits. No surveys, no pay-to-rank, no sample data. Each list states its inclusion rules and links every row to the brand's sourced profile.

Veteran discountsItem 5

Which franchises offer veteran discounts?

Every system that names a veteran discount in its own FDD, which ones disclose collecting below list — and each brand's SBA default record alongside, so a discount into a failing system never reads as a benefit.

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Multi-unit discountsItem 5

Which franchises offer multi-unit discounts?

The discount ground franchisors honor most — more systems name a multi-unit break than any other reason. Every one that put it in Item 5, with the loan record alongside.

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Lowest royalties776 qualify

Which franchises have the lowest royalties?

Ranked by ongoing royalty — the cut of gross sales you pay the franchisor forever — lowest first, from Item 6 of each brand's latest FDD.

TOP 50

No earnings disclosure241 qualify

Which franchises don't disclose earnings in Item 19?

Franchises that make no financial performance representation in Item 19 of their latest FDD — meaning the franchisor publishes no earnings claim at all. Legal and common, but it moves the burden of proof onto you.

TOP 50

Fastest growing438 qualify

What are the fastest-growing franchises?

Ranked by annualized opening rate — new franchised outlets opened divided by franchised outlets at the start of the year — from each brand's latest FDD Item 20. Minimum 50 franchised units to qualify.

TOP 50

Highest exit rate567 qualify

Which franchises are losing the most units?

Ranked by annualized exit rate — terminations, non-renewals, and "ceased operations — other reasons" divided by franchised outlets at the start of the year — from each brand's latest FDD Item 20. The measurable floor of franchisee failure.

TOP 50

Largest systems864 qualify

What are the largest franchises in the U.S.?

Ranked by franchised outlets at the latest fiscal year end, from Table 1 of each brand's latest FDD Item 20 — system size as the franchisor itself discloses it.

TOP 50

Cheapest to open864 qualify

What are the cheapest franchises to open?

Ranked by the low end of the total initial investment range in Item 7 of each brand's latest FDD — the smallest all-in figure the franchisor itself will put on paper.

TOP 50

From the federal loan record

Every SBA 7(a) and 504 loan to a franchisee since fiscal 1991, and how each one ended — the lender's-eye view of franchisee outcomes, independent of anything the franchisor discloses.

Highest loan default rate570 qualify

Which franchises have the highest SBA loan default rate?

Ranked by the share of resolved SBA-backed franchisee loans that were charged off (defaulted) rather than paid in full — highest first. This is the lender's-eye view of franchisee failure, independent of anything the franchisor discloses.

TOP 50

Lowest loan default rate570 qualify

Which franchises have the lowest SBA loan default rate?

Ranked by the share of resolved SBA-backed franchisee loans charged off — lowest first. The franchises whose owners most reliably repaid the banks that financed them.

TOP 50

Biggest lender flight355 qualify

Which franchises are SBA lenders backing away from?

Ranked by the steepest drop in the number of distinct SBA lenders willing to finance the brand — comparing 2021-and-later approvals with 2016–2020. When the banks that know a brand best stop writing new loans, that is revealed preference, often years ahead of the disclosures.

TOP 50

Fastest loan defaults444 qualify

Which franchises see SBA loans default the fastest?

Ranked by how quickly a defaulting franchisee's SBA loan goes bad — shortest first. Fast defaults point to broken unit economics or under-capitalized openings, not just a bad year.

TOP 50

SOURCES: LATEST REAL FDD FILING PER BRAND (STATE REGULATOR PORTALS) · SBA 7(a)/504 FOIA FILES, DATA.SBA.GOV · SEE EACH LIST'S METHODOLOGY NOTE