Newcomers to the Top of FT's Top 200+ Ranking
Corner Bakery Cafe
Eight companies stepped it up and found a spot among the leading 200 brands on the annual Franchise Times Top 200+, our ranking of the 500 largest U.S.-based franchised brands based on systemwide sales. Painting with a broad brush, food franchises are once again the most popular, with some unique outliers along the way.
Snacks, Coffee, Cafes:
Smoothie and specialty juice chain Jamba Juice was included in our rankings in the past, but didn’t make an appearance last year. It's back this year at No. 147, with 802 U.S. locations and 71 locations across Taiwan, South Korea, the Philippines and Thailand. Sales in 2017 hit $497 million.
Earlier this year, the brand went private via an acquisition by Focus Brands. CEO Dave Pace told Franchise Times this is part of an initiative to rebuild the brand, by strengthening operations and increasing technology for customers, as well as rolling out a new look for the brand.
Competing quite well in a sector that Starbucks dominates, Corner Bakery Cafe snagged No. 180 on the top 200 this year. Offering morning favorites, sweet treats, sandwiches and salads, and signature coffee drinks, the fast-casual chain has been expanding in the Southeast region of the U.S. and grew sales to $374,935,242.
Also new and doing well is Gloria Jean’s Gourmet Coffees, No. 188 this year in our rankings. With more than 1,000 units internationally and more than $347 million in sales, the company has been around since 1979 and offers any coffee concoction imaginable, from cinnamon bun chillers to butter toffee K-cups. The brand is also looking to expand to the Middle Eastern and North Africa by the end of 2018.
Australian steakhouse concept Outback Steakhouse hit $3.3 billion in sales this past year, blowing competition out of the water and securing No. 43 on the list.
Known for sports and scantily-clad waitresses, Twin Peaks also saw a big jump in sales and its ranking. Hopping from No. 211 to No. 196, the chain offering American classics and a full bar saw a 16.6 percent sales increase this past year. Twin Peaks has been expanding in the Midwest, Northeast and Mid-Atlantic regions, keeping the narrow focus of a male-oriented sports bar in the competitive fast-casual market.
At No. 190, Pearle Vision is a full-service eye care brand with more than 500 locations in the U.S., Canada and Puerto Rico. Sales topped $344 million this past year, as the company has expanded from coast to coast with new centers from Detroit to Bellevue, Washington.
Hand & Stone Massage and Facial Spa also had a great year with a 32.7 percent increase in sales. The massage franchise has locations in 28 states and Canada, and recently rolled out a new Restorative Stretch service that aligns with the lending of its name to the Women’s Philadelphia Triathlon in July. It comes in at No. 193, up from No. 223.
A bit of an outlier, Estrella Insurance secured the No. 197 spot this year with more than $310 million in sales, a 18.9 percent increase. The franchised insurance brand has 120 locations across Florida, Arizona and California and offers home, business and vehicle insurance.