The global bakery café concept secured a top spot on the list after a year of impressive growth.
MOONACHIE, N.J., Jan. 23, 2023 /PRNewswire-PRWeb/ -- Paris Baguette was recognized as one of the top 500 franchises in Entrepreneur's Franchise 500®, the world's first, best and most comprehensive franchise ranking. The 44th annual Entrepreneur Franchise 500® is a highly sought-after honor in the franchise industry. Recognized as an invaluable resource for potential franchisees, the 2023 Franchise 500® ranks Paris Baguette as number 118 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
The New Jersey-based franchisor is known for delivering a unique guest experience as it works to provide a joyful in-café experience. With fresh-baked breads, pastries and cakes, the concept aims to provide a French bakery café experience to its American customers.
"The past year underscores the extraordinary opportunities that the franchise industry presents for entrepreneurs of all levels," said Entrepreneur editor in chief Jason Feifer. "The companies named to our 44th annual Franchise 500® list represent some of the most innovative, creative and trusted brands across many industries and highlight what it takes to build the kind of momentum that drives long-lasting success."
In Entrepreneur's continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company's 44-year-old ranking formula continues to evolve, as well. The editorial team researches and assesses several factors that go into the evaluation, including costs and fees, size and growth, support, brand strength and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
"This recognition is a testament to all of the work our franchise development team has put into the brand this year and over the last decade," said Darren Tipton, chief executive officer of
Paris Baguette. "We're growing fast in the U.S., and people are noticing us. This is a marker that we will continue along a strong growth trajectory in 2023."
Over its 44 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Paris Baguette's position on the ranking is a testament to its strength as a franchise opportunity.
To view Paris Baguette in the full ranking, visit http://www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2023 issue of Entrepreneur, available on newsstands January 17th.
ABOUT PARIS BAGUETTE:
Paris Baguette is a bakery café franchise with more than 4,000 units across the globe. The brand first arrived in the U.S. in 2005 and has since established nearly 100 locations in markets across the country, making it one of the premier franchise opportunities in its category. Paris Baguette's primary mission, executed every day by its expert staff of bakers, cakers and baristas, is to share moments of joy with customers and help customers share moments of joy with their friends and family by providing world-class cakes, pastries, coffees, breads and other French-inspired bakery café fare. For more information, please visit https://parisbaguette.com/franchising/.
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SOURCE Paris Baguette
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