2023 Top New & Emerging Franchises Ranking

What are some of the newest rising stars in the franchise world? To answer that, we've compiled this list of the top 150 companies submitted for Entrepreneur's 2023 Franchise 500® ranking that began franchising in the last five years (since 2018).

The companies on this list are ranked based on the scores they received in our Franchise 500 evaluation, which analyzes more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

This list isn't intended to endorse any particular franchise, but rather to provide a starting point for your research. Before you purchase any franchise, you should investigate the opportunity thoroughly by interviewing existing franchisees, consulting with an attorney and an accountant, and reading all pertinent literature, including the company's Franchise Disclosure Document.