The Executive Review
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The Executive Review · Annual List · 2026

Top 100 Franchise Owners

The people who own the brands, and the operators who own the restaurants, clubs and storefronts behind them.

Franchising runs on owners. This list ranks the hundred who matter most in the United States right now: the founders and controlling owners of major franchise systems, and the multi-unit operators who run hundreds, sometimes thousands, of franchised locations. Nos. 1 to 79 are the established names. Nos. 80 to 100 are reserved for the up-and-comers: founders of smaller, fast-growing franchise brands who are building the next generation of systems.

43Brand owners
36Multi-unit operators
21Up & Coming
91Sourced key stats

The Top 79

2026 · Nos. 1–79
Brand owner or founderMulti-unit franchise operatorUp & Coming
  1. 1
    Dan Cathy
    Chairman · Chick-fil-A, Inc.
    Brands: Chick-fil-A · Atlanta, GA

    Dan Cathy chairs the family-owned company that is the third-largest U.S. restaurant chain by sales, run through a selective operator model in which the corporation, not the operator, owns each restaurant.

    Brand Owner
    ~$23.9B 2025 U.S. systemwide sales (QSR estimate); 3,287 unitsSource
  2. 2
    Andrew CathyChick-fil-A, Inc. logo
    Andrew Cathy
    CEO · Chick-fil-A, Inc.
    Brands: Chick-fil-A · Atlanta, GA

    The third-generation CEO of the family-owned chain has pushed Chick-fil-A's international and technology expansion while keeping the company private and family-controlled.

    Brand Owner
  3. 3
    Neal AronsonRoark Capital Group logo
    Neal Aronson
    Founder & Managing Partner · Roark Capital Group
    Brands: Inspire Brands (Arby's, Buffalo Wild Wings, Dunkin', Jimmy John's, Sonic, Baskin-Robbins), Subway, GoTo Foods, Driven Brands, Primrose Schools, Purpose Brands (Anytime Fitness, Orangetheory), Dave's Hot Chicken (majority) · Atlanta, GA

    Aronson built Roark into the largest owner of franchise systems in the country, with a portfolio of roughly 100 franchised and multi-unit brands spanning restaurants, fitness, auto services and childcare.

    Brand Owner
    $77B system sales across 69,000 locations (Roark-reported)Source
  4. 4
    Greg Flynn
    Greg Flynn
    Founder & CEO · Flynn Group
    Brands: Applebee's, Taco Bell, Panera Bread, Arby's, Pizza Hut, Wendy's, Planet Fitness, 7 Brew · San Francisco, CA

    Flynn built the world's largest franchisee from eight Applebee's into a multi-brand restaurant and fitness portfolio spanning the U.S., Australia and New Zealand. FRANdata's 2026 Mega 99 and Franchise Times' Restaurant 200 both rank Flynn Group No. 1.

    Multi-Unit Operator
    3,000+ restaurants and fitness clubs; ~$5B annual salesSource
  5. 5
    Marian Ilitch
    Marian Ilitch
    Co-Founder & Owner · Little Caesars / Ilitch Companies
    Brands: Little Caesars · Detroit, MI

    Co-founder of Little Caesars in 1959 with her late husband Mike Ilitch, Marian Ilitch's family still controls the chain, which ranks among the world's three largest pizza brands.

    Brand Owner
    4,374 U.S. units at YE2025 (3,788 franchised)Source
  6. 6
    Todd Graves
    Todd Graves
    Founder & CEO · Raising Cane's Chicken Fingers
    Brands: Raising Cane's · Plano, TX

    Graves founded Raising Cane's in 1996 and still owns it. It has become one of the fastest-growing and highest-volume chicken chains in the U.S.

    Brand Owner
    ~$5.5B 2025 U.S. systemwide sales; 913 unitsSource
  7. 7
    Peter Cancro
    Peter Cancro
    Founder & Chairman · Jersey Mike's Subs
    Manasquan, NJ

    Cancro bought the original shop at 17 and turned it into a franchise system of more than 3,000 sub shops. He then sold a majority stake to Blackstone at a reported ~$8B valuation and is now leading the brand's European franchise push.

    Brand Owner
    $4.217B 2025 U.S. systemwide sales; 3,227 unitsSource
  8. 8
    Craig Culver
    Co-Founder & Chairman · Culver Franchising System, LLC
    Brands: Culver's · Prairie du Sac, WI

    Craig Culver co-founded the ButterBurger and frozen-custard chain in 1984, and his family keeps majority control of a system of more than 1,000 restaurants, nearly all franchised.

    Brand Owner
    $4.2B 2025 U.S. systemwide sales; 1,041 unitsSource
  9. 9
    Stewart Bainum Jr.
    Stewart Bainum Jr.
    Chairman of the Board · Choice Hotels International
    Brands: Comfort, Quality Inn, Cambria, Radisson Americas, Econo Lodge, WoodSpring Suites, Sleep Inn, Clarion, Ascend Collection · North Bethesda, MD

    Chairman since 1987 and the controlling shareholder of one of the world's largest hotel franchisors, Bainum grew Choice from 290 hotels under a single brand into a global franchise system.

    Brand Owner
    656,825 rooms globally at Dec. 31, 2025Source
  10. 10
    Gary Keller
    Gary Keller
    Co-Founder & Executive Chairman · Keller Williams Realty
    Brands: Keller Williams, KW Commercial, KW Luxury · Austin, TX

    Keller co-founded what the company calls the world's largest real estate franchise by agent count. In 2025 he brought in Stone Point Capital as an investor and stayed on as co-owner and executive chairman.

    Brand Owner
    1,000+ market centers and 160,000 affiliated agents (U.S. & Canada, company boilerplate)Source
  11. 11
    Jerry Murrell
    Jerry Murrell
    Co-Founder & CEO · Five Guys Enterprises, LLC
    Brands: Five Guys · Alexandria, VA

    Jerry Murrell co-founded Five Guys with his wife Janie in 1986, and his family still owns the chain. It has grown into a global burger brand with more than 1,900 locations, and Murrell's sons run training, franchisee selection and the bakery operation.

    Brand Owner
    1,900+ locations worldwide (as of July 2025)Source
  12. 12
    Zach McLeroy
    Co-Founder & Chairman · Zaxby's Franchising LLC
    Brands: Zaxby's · Athens, GA

    McLeroy co-founded Zaxby's in 1990 and now chairs a chicken chain that crossed 1,000 U.S. units, after bringing in Goldman Sachs as an investor in 2020.

    Brand Owner
    ~$2.8B 2025 U.S. systemwide sales; 1,005 unitsSource
  13. 13
    Guillermo Perales
    Guillermo Perales
    Founder & CEO · Sun Holdings
    Brands: Arby's, Papa Johns, Burger King, Applebee's, Popeyes, McAlister's Deli, IHOP, Golden Corral, Bar Louie, T-Mobile · Dallas, TX

    Perales has assembled one of the most diversified franchise portfolios in the U.S., spanning quick service, casual dining and retail, and in 2025 bought the bankrupt Bar Louie chain. Sun Holdings ranks No. 2 among U.S. franchisees by both units and sales.

    Multi-Unit Operator
    $1.9B 2024 sales (No. 2 on Restaurant 200)Source
  14. 14
    Bob Funk Jr.
    CEO, President & Chairman · Express Employment International
    Brands: Express Employment Professionals · Oklahoma City, OK

    The second-generation leader of the family-controlled staffing franchisor took over as chairman and CEO in 2025. His father, co-founder Robert A. Funk Sr., died that July.

    Brand Owner
    54 new and resale franchise agreements in 2025; nearly 900 locationsSource
  15. 15
    Michael Kulp
    Founder & CEO · KBP Brands
    Brands: KFC, Taco Bell, Arby's, Sonic · Leawood, KS

    Kulp has led KBP through more than 95 multi-unit acquisitions to become one of the largest quick-service operators in the country, including KFC's biggest U.S. franchisee. KBP ranks No. 3 by units on the 2026 Mega 99.

    Multi-Unit Operator
    1,200+ restaurants in 32 statesSource
  16. 16
    Gordon Logan
    Founder & Chairman · Sport Clips Haircuts
    Georgetown, TX

    Logan is an Air Force veteran who founded Sport Clips in 1993 and began franchising it in 1995. It is now the largest men's sports-themed haircut franchise, with locations in all 50 states.

    Brand Owner
    Almost 1,900 stores in the U.S. and CanadaSource
  17. 17
    Wan Kim
    Wan Kim
    Owner & CEO · Smoothie King Franchises, Inc.
    Brands: Smoothie King · Frisco, TX

    Kim started as a Smoothie King franchisee in South Korea, bought the whole company in 2012 and remains its majority owner and CEO. He has grown it into the largest U.S. smoothie franchise.

    Brand Owner
    $791M 2025 U.S. systemwide sales; 1,242 unitsSource
  18. 18
    Jason McGowan
    Co-Founder & Chairman · Crumbl
    Orem, UT

    McGowan and co-founder Sawyer Hemsley grew Crumbl from a single 2017 Utah store to more than 1,000 franchised bakeries, among the fastest scale-ups in franchising history. The brand is now restructuring as sales decline.

    Brand Owner
    ~$1.48B 2025 U.S. systemwide sales (QSR estimate); 1,101 unitsSource
  19. 19
    Michael Browning Jr.Unleashed Brands logo
    Michael Browning Jr.
    Founder & CEO · Unleashed Brands
    Brands: Urban Air Adventure Park, The Little Gym, Sylvan Learning, Snapology, Premier Martial Arts, Class 101, Water Wings Swim School · Bedford, TX

    Browning founded Urban Air and turned it into Unleashed Brands, a multi-brand platform of children's entertainment and enrichment franchises.

    Brand Owner
    1,500+ U.S. locations across seven brandsSource
  20. 20
    Ray Titus
    Founder & CEO · United Franchise Group
    Brands: Signarama, Fully Promoted, Transworld Business Advisors, Exit Factor, Black Optix Tint, The Great Greek Mediterranean Grill, Graze Craze, Cannoli Kitchen Pizza, Venture X, Office Evolution, Intelligent Office · West Palm Beach, FL

    Titus built United Franchise Group into a multi-brand franchise platform anchored by Signarama, with a growing portfolio of food brands.

    Brand Owner
    1,600+ locations in 60+ countries (company site)Source
  21. 21
    Tony LambKona Ice logo
    Tony Lamb
    Founder & CEO · Kona Ice
    Brands: Travelin' Tom's Coffee · Florence, KY

    Lamb founded Kona Ice in 2007 and built the country's largest mobile food franchise, then applied the same playbook to coffee with Travelin' Tom's, which Entrepreneur ranked its No. 1 New & Emerging Franchise of 2026.

    Brand Owner
    Nearly 2,000 trucks; $352M gross sales in 2024Source
  22. 22
    Larry Meigs
    Founder & CEO · Visiting Angels
    Bryn Mawr, PA

    Meigs co-founded Visiting Angels and still runs it. It is one of the largest in-home senior care franchise networks in the U.S.

    Brand Owner
    $1.21B system sales; 790 locations (Franchise Times Top 400 2025, No. 69)Source
  23. 23
    Jack Butorac
    Jack Butorac
    Chairman & CEO · Marco's Franchising, LLC
    Brands: Marco's Pizza · Toledo, OH

    Butorac took control of Marco's in 2004 and has grown it from a regional Ohio chain into one of the fastest-growing U.S. pizza franchises, with more than 1,200 stores.

    Brand Owner
    $1.09B 2025 U.S. systemwide salesSource
  24. 24
    Shoukat Dhanani
    Founder & CEO · The Dhanani Group
    Brands: Burger King, Popeyes, Pizza Hut · Sugar Land, TX

    Dhanani built one of the largest Burger King and Popeyes franchise operations in the country, including the 2014 purchase of 255 Burger Kings from Blackstone-owned Heartland. Dhanani Group ranks No. 3 on Franchise Times' Restaurant 200 and No. 6 by units on the 2026 Mega 99.

    Multi-Unit Operator
    845 unitsSource
  25. 25
    Nathan Garn
    Nathan Garn
    CEO · Sizzling Platter
    Brands: Little Caesars, Wingstop, Jamba, Jersey Mike's, Dunkin', Sizzler, Red Robin · Murray, UT

    Garn, CEO since 2012, has grown Sizzling Platter into one of North America's largest franchise platforms, leading Bain Capital's reported $1B-plus acquisition of the company in 2025 (Franchise Times' Deal of the Year). It operates more than 800 locations in the U.S. and Mexico.

    Multi-Unit Operator
    $1.1B 2024 salesSource
  26. 26
    Don Eckles
    Co-Founder · Scooter's Coffee
    Omaha, NE

    Don and Linda Eckles founded the drive-thru coffee franchise in 1998 and still privately own it. It debuted on the QSR 50 in 2026 with more than 900 U.S. stores.

    Brand Owner
    $859M 2025 U.S. systemwide sales; 905 stores (881 franchised)Source
  27. 27
    Bob Titus
    Bob Titus
    President & CEO · Minuteman Press International
    Brands: Minuteman Press · Farmingdale, NY

    Bob Titus co-founded Minuteman Press with his father Roy in 1973. The family-owned printing and marketing franchise now has more than 1,000 locations across five countries.

    Brand Owner
    1,016 locations; 2024 sales above $630MSource
  28. 28
    Charley ShinGosh Enterprises (Charleys Cheesesteaks) logo
    Charley Shin
    Founder, Chairman & CEO · Gosh Enterprises (Charleys Cheesesteaks)
    Brands: Charleys Cheesesteaks, BIBIBOP Asian Grill, Lennys Grill & Subs · Columbus, OH

    Shin opened the first Charleys on Ohio State's campus in 1986 and still privately owns the parent company of a mall- and travel-center-heavy franchise system with hundreds of units worldwide.

    Brand Owner
  29. 29
    Sardar Biglari
    Chairman & CEO · Biglari Holdings Inc.
    Brands: Steak n Shake, Western Sizzlin · San Antonio, TX

    Biglari controls Biglari Holdings and has moved Steak n Shake to a franchise-partner model in which operators share profits with the company.

    Brand Owner
    435 restaurants at YE2025, including 179 Steak n Shake franchise-partner unitsSource
  30. 30
    Al Bhakta
    Founding Principal · CMG Companies
    Brands: Sonic, KFC, Taco Bell, Little Caesars, Ace Hardware, Rent-A-Center, Arby's, Dunkin' · Plano, TX

    Bhakta is one of the founding principals of CMG, a multi-brand group that moved up 11 spots to No. 22 on the 2025 Restaurant 200 after adding 78 Sonic and 38 Little Caesars units. It ranks No. 10 by units on the 2026 Mega 99.

    Multi-Unit Operator
    577 unitsSource
  31. 31
    Ali Dhanani
    Ali Dhanani
    President & CEO · Haza Group (Haza Foods / Haza Bell)
    Brands: Wendy's, Taco Bell · Houston, TX

    Dhanani started with 34 Houston Wendy's in 2013 and has built one of the largest Wendy's franchisees in the system, adding a Taco Bell business. Haza Group ranks No. 6 on Franchise Times' 2025 Restaurant 200.

    Multi-Unit Operator
    568 unitsSource
  32. 32
    Kuba JewgieniewRealty ONE Group logo
    Kuba Jewgieniew
    Founder & CEO · Realty ONE Group
    Las Vegas, NV

    Jewgieniew founded Realty ONE Group in 2005 and franchised it into a global brokerage brand. Entrepreneur's Franchise 500 has ranked it the No. 1 real estate franchise for four straight years.

    Brand Owner
    450+ offices and 20,000+ real estate professionalsSource
  33. 33
    Joey Pierson
    Joey Pierson
    CEO · Tacala
    Brands: Taco Bell, 7 Brew · Birmingham, AL

    Pierson leads one of the largest Taco Bell franchisees in the country, which entered the Restaurant 200 top 10 in 2025 and is expanding into 7 Brew drive-thru coffee. Tacala is owned by Altamont Capital Partners.

    Multi-Unit Operator
    $779M sales (Restaurant 200 top 10)Source
  34. 34
    Richard WeissmanThe Learning Experience logo
    Richard Weissman
    Co-Founder, Chairman & CEO · The Learning Experience
    Boca Raton, FL

    Weissman co-founded the early-education franchisor and has grown it past 400 centers. He was named IFA's Franchising World Entrepreneur of the Year for 2024.

    Brand Owner
    420 total units, 92% franchised (Franchise Times Top 400 2025, No. 97)Source
  35. 35
    Roland Dickey Jr.
    Roland Dickey Jr.
    CEO · Dickey's Capital Group
    Brands: Dickey's Barbecue Pit, Wing Boss, Trudy's Hot Stuff, other virtual and ghost-kitchen concepts · Dallas, TX

    The third-generation leader of the family-owned barbecue franchisor is pushing Dickey's toward 400+ restaurants, with dozens of 2025 openings and an expanding ghost-kitchen network.

    Brand Owner
    46 new locations opened Jan-Aug 2025Source
  36. 36
    Devan & Morgan Kline
    Co-Founders (Morgan Kline, CEO; Devan Kline, Visionary) · Burn Boot Camp
    Huntersville, NC

    The Klines founded Burn Boot Camp in 2012 and built it into one of the largest boutique fitness franchises in the country, with more than 400 awarded locations. The brand expanded into 36 new communities in 2025.

    Brand Owner
    400+ awarded franchise locations in 38 statesSource
  37. 37
    Shelly Sun Berkowitz
    Shelly Sun Berkowitz
    Founder & Executive Chair · BrightStar Care
    Gurnee, IL

    Sun Berkowitz founded the home care and medical staffing franchisor in 2002 and grew it to about 400 agencies. In 2025 she sold a majority stake to Peak Rock Capital.

    Brand Owner
    About 400 agencies nationwideSource
  38. 38
    Roland Spongberg
    Roland Spongberg
    Founder & CEO · WKS Restaurant Group
    Brands: Wendy's, Denny's, El Pollo Loco, Krispy Kreme · Cypress, CA

    Spongberg founded WKS in 1987 and has grown it into the largest franchisee of Denny's, El Pollo Loco and Krispy Kreme and the largest Wendy's franchisee in California. His son Jay was named President & COO in September 2026.

    Multi-Unit Operator
    382 restaurants in 20 statesSource
  39. 39
    Casey MillerKiddie Academy logo
    Casey Miller
    CEO · Kiddie Academy
    Abingdon, MD

    Casey Miller became CEO in 2025, the third generation to run the family-owned child care franchisor his grandparents founded in 1981. His father Michael Miller is executive chairman.

    Brand Owner
    350th franchised academy opened June 2025Source
  40. 40
    Vik Patel
    President & CEO · Purple Square Management Co. / Purple Rock Investment Co.
    Brands: Dunkin', Baskin-Robbins, Popeyes, Rent-A-Center, Take 5 Oil Change, RimTyme, The Brass Tap

    A former commercial broker who opened his first Dunkin' in Tampa in 2006, Patel has built a diversified portfolio across food, rent-to-own and automotive brands. The group ranks No. 25 by units on the 2026 Mega 99.

    Multi-Unit Operator
    369 unitsSource
  41. 41
    SG EllisonDiversified Restaurant Group (DRG) logo
    SG Ellison
    President & CEO · Diversified Restaurant Group (DRG)
    Brands: Taco Bell, Arby's · Las Vegas, NV

    Ellison co-founded DRG in 2014 with 85 West Coast Taco Bells and has grown it past 360 Taco Bell and Arby's units. QSR Magazine named DRG its 2025 Franchisee of the Year.

    Multi-Unit Operator
    360+ Taco Bell and Arby's restaurantsSource
  42. 42
    Mark Peterson
    Co-Founder & President · Desert De Oro Foods (DDO)
    Brands: Taco Bell, Pizza Hut, KFC · Kingman, AZ

    Peterson and his sister Krystal Burge bought a single Kingman, Arizona Taco Bell in 1982 and grew DDO into Arizona's largest Taco Bell franchisee. It ranks No. 31 by units on the 2026 Mega 99.

    Multi-Unit Operator
    345 unitsSource
  43. 43
    Anil Yadav
    Anil Yadav
    Founder & CEO · Yadav Enterprises / JIB Management
    Brands: Jack in the Box, Denny's, TGI Fridays, Sizzler, Corner Bakery Cafe, Del Taco (franchisor), Taco Cabana (franchisor), Nick The Greek (franchisor)

    A former teenage Jack in the Box fry cook, Yadav is the largest franchisee of Jack in the Box, Denny's and TGI Fridays. In December 2025 he bought the Del Taco brand from Jack in the Box for about $119 million.

    Multi-Unit Operator
    345 units (JIB Management)Source
  44. 44
    John Wade
    Founder & CEO · AES Restaurant Group
    Brands: Arby's · Zionsville, IN

    Wade made AES the No. 2 Arby's franchisee behind Flynn with two 2025 deals: 40 units from Mosaic and 115 company stores from Inspire Brands, the largest acquisition in AES history.

    Multi-Unit Operator
    344 Arby's in 20 statesSource
  45. 45
    Bob Fish
    Co-Founder & Co-CEO · BIGGBY COFFEE
    East Lansing, MI

    Fish founded BIGGBY in 1995 and co-leads it with co-owner Mike McFall. They have grown the Michigan-born franchise to more than 400 cafes and set a goal of 1,000.

    Brand Owner
    430+ cafes (company site)Source
  46. 46
    Mike Boddie
    President · Boddie-Noell Enterprises
    Brands: Hardee's · Rocky Mount, NC

    Boddie leads the family company founded by Mayo Boddie Sr., Hardee's first franchisee. It is the largest Hardee's franchisee in the U.S.

    Multi-Unit Operator
    323 restaurants in four statesSource
  47. 47
    J.R. GalardiGalardi Group (Wienerschnitzel) logo
    J.R. Galardi
    President & CEO · Galardi Group (Wienerschnitzel)
    Brands: Wienerschnitzel, Hamburger Stand, Tastee-Freez · Irvine, CA

    The second-generation leader of the family-owned Galardi Group runs Wienerschnitzel, the largest hot dog chain in the U.S., which his father John Galardi founded in 1961.

    Brand Owner
  48. 48
    Steve Jackson
    Steve Jackson
    Co-Owner, President & CEO · Hungry Howie's Pizza
    Brands: Hungry Howie's · Madison Heights, MI

    Jackson started as a delivery driver, co-ran the brand with founder Jim Hearn, and now co-owns and leads the 550-plus-unit flavored-crust pizza franchise.

    Brand Owner
  49. 49
    John Jetts
    Co-Founder, President & CEO · Jet's America, Inc.
    Brands: Jet's Pizza · Sterling Heights, MI

    John Jetts co-founded Jet's Pizza with his late brother Eugene in 1978 and leads the family-controlled Detroit-style pizza franchise, which has more than 400 stores in about two dozen states.

    Brand Owner
  50. 50
    Sam Covelli
    Owner & CEO · Covelli Enterprises
    Brands: Panera Bread, DQ Grill & Chill, O'Charley's, Caribou Coffee, Oath Pizza · Warren, OH

    Covelli is Panera Bread's largest franchisee, with more than 300 cafes, and a past Panera Franchisee of the Year. In 2023 he and his children signed on to open 100-plus Caribou Coffee units.

    Multi-Unit Operator
    281 unitsSource
  51. 51
    Rahul Agrawal
    Rahul Agrawal
    Co-Founder, President & CEO · GSR Group (GS Dallas Group)
    Brands: Wingstop, Subway, Massage Envy, European Wax Center

    Agrawal co-founded GSR Group, one of Wingstop's largest operators with more than 225 restaurants. The broader GS Dallas/GSR group ranks No. 34 by units on the 2026 Mega 99.

    Multi-Unit Operator
    225+ Wingstop locationsSource
  52. 52
    Jeff Osterfeld
    Jeff Osterfeld
    Founder & CEO · Penn Station East Coast Subs
    Milford, OH

    Osterfeld founded Penn Station in 1985 and still leads the privately held Midwest sub franchise, which has around 300 restaurants and is targeting 500.

    Brand Owner
    300+ locations (company)Source
  53. 53
    Ashish Parikh
    CEO · Parikh Network
    Brands: Popeyes, Arby's, Uno Pizzeria & Grill · Edison, NJ

    Ashish Parikh and his brother Amish (President) entered franchising in 2006 and became one of Popeyes' largest operators before adding a 50-unit Arby's development deal. The group ranks No. 46 on the 2026 Mega 99.

    Multi-Unit Operator
    271 unitsSource
  54. 54
    Nadeem Bajwa
    Co-Founder & CEO · The Bajco Group
    Brands: Papa Johns

    Bajwa emigrated from Pakistan in 1991 and rose from Papa Johns manager to one of its largest franchisees, opening his first store in 2002. In 2024 he signed a 50-unit development deal running through 2028.

    Multi-Unit Operator
    271 unitsSource
  55. 55
    Don Smith
    Founder & CEO · Henley Enterprises
    Brands: Valvoline Instant Oil Change · Newton, MA

    Smith is the largest franchisee in the Valvoline Instant Oil Change system, and he led the industry's largest single quick-lube acquisition when he rebranded 72 EZ Lube sites in 2012. A rare non-restaurant mega-operator on this list.

    Multi-Unit Operator
    $700M revenue; 250+ Valvoline locationsSource
  56. 56
    Wesley Bates
    CEO · Stanley Steemer International
    Brands: Stanley Steemer · Dublin, OH

    Bates is a third-generation leader of the Bates-family-owned carpet and floor cleaning brand, which combines franchised and company-owned locations in 49 states.

    Brand Owner
    260+ franchised and company-owned locations in 49 statesSource
  57. 57
    Mark Parmerlee
    CEO · Golden Chick
    Richardson, TX

    Parmerlee and his partners bought Golden Chick in 1989, when it had 63 units, and he has grown it into a regional chicken franchisor of about 250 restaurants. In 2025 the brand opened a record 23 restaurants.

    Brand Owner
    Record 23 openings in 2025; 250th restaurant opened Feb. 2026Source
  58. 58
    Aaron Engler
    Aaron Engler
    CEO · Border Foods
    Brands: Taco Bell · New Hope, MN

    Engler became CEO in February 2025, succeeding his uncle Lee Engler. Border Foods, founded in 1996, opened its 250th Taco Bell in July 2025 across 10 Upper Midwest and Mountain states.

    Multi-Unit Operator
    250 Taco BellsSource
  59. 59
    Matt Frauenshuh
    CEO · Fourteen Foods
    Brands: DQ Grill & Chill, DQ Treat

    Frauenshuh bought a seven-store company in 2006 and grew it through acquisitions into the largest Dairy Queen franchisee in the U.S.

    Multi-Unit Operator
    246 unitsSource
  60. 60
    Jane Grote AbellDonatos Pizza logo
    Jane Grote Abell
    Executive Chairwoman · Donatos Pizza
    Columbus, OH

    Grote Abell is the daughter of founder Jim Grote, who bought the chain back from McDonald's with her in 2003. She leads the family-owned pizza franchisor as it expands in the East and Southeast.

    Brand Owner
    175+ traditional stores plus nearly 300 non-traditional locationsSource
  61. 61
    Peter Capriotti II
    President & CEO · Cotti Foods Corporation
    Brands: Wendy's, Taco Bell, Pieology

    Capriotti runs the second-generation business his father started with one Taco Bell in 1967, formalized as Cotti Foods in 1996. It is now a top Wendy's and Taco Bell operator.

    Multi-Unit Operator
    236 unitsSource
  62. 62
    Mike Evans
    Mike Evans
    CEO · Fresh Dining Concepts
    Brands: Auntie Anne's, Cinnabon, Jamba, Carvel, Nothing Bundt Cakes · Miami, FL

    Evans, a former ACG Peak Restaurant Partners CEO, took over from founder Luis San Miguel at what is described as the largest Auntie Anne's franchisee and the largest Focus/GoTo Foods snack-brand operator.

    Multi-Unit Operator
    235 unitsSource
  63. 63
    Mark Cafua
    CEO · Cafua Management Company
    Brands: Dunkin', Qdoba

    Cafua leads the family company founded by his parents Fernando and Gilda Cafua in 1980, which is described as the largest Dunkin' franchisee in the U.S. In 2025 it committed to 20 new Qdoba restaurants.

    Multi-Unit Operator
    229 unitsSource
  64. 64
    Andrew Krumholz
    Co-Founder & Managing Partner · Delight Restaurant Group
    Brands: Wendy's, Taco Bell

    Andrew and Richard Krumholz founded Delight in 2016 and grew it quickly through Wendy's acquisitions, including NPC bankruptcy units and 65 stores from Primary Aim. It jumped 14 spots to No. 24 on the 2025 Restaurant 200 after sales rose $160M.

    Multi-Unit Operator
    226 restaurants; $500M salesSource
  65. 65
    Ali Chunara
    Founder & President · Chunara Group of Companies / The Falcons Group
    Brands: Dunkin', Baskin-Robbins, Checkers & Rally's, Qdoba, Take 5 Oil Change, Nothing Bundt Cakes, TGI Fridays, Popeyes · Atlanta, GA

    Chunara started with a single Blimpie franchise after immigrating in the 1980s and built an Atlanta-based multi-brand holding company. With partner Shamsu Charania (CEO of The Falcons Group), the combined group ranks No. 60 on the 2026 Mega 99.

    Multi-Unit Operator
    227 units (combined Chunara/Falcons)Source
  66. 66
    Chance Carlisle
    CEO · Carlisle Corp. (Wendelta)
    Brands: Wendy's · Memphis, TN

    Carlisle leads a Memphis-based Wendy's franchisee that has grown from about 100 units to more than 220 across 11 states, recently buying Memphis-area units from Meritage.

    Multi-Unit Operator
    220 unitsSource
  67. 67
    Sudesh Sood
    Founder & Partner · Warner Foods
    Brands: Jack in the Box, Del Taco, Noodles & Company, Black Bear Diner, Popeyes · Encino, CA

    Sood bought his first Los Angeles Jack in the Box in 1981 and built Warner Foods into a California multi-brand operator with 130-plus Jack in the Box units. It ranks No. 64 on the 2026 Mega 99.

    Multi-Unit Operator
    219 unitsSource
  68. 68
    Andy Kuntz
    Second-Generation Owner · Andy's Frozen Custard
    Springfield, MO

    Andy Kuntz and his wife Dana took over the custard stand his parents John and Carol Kuntz opened in Osage Beach, Missouri, in 1986, and expanded it into what the company calls the largest dessert-only franchise in the world.

    Brand Owner
    170+ locations in 15 statesSource
  69. 69
    Tom GordonSlim Chickens logo
    Tom Gordon
    Co-Founder & CEO · Slim Chickens
    Fayetteville, AR

    Gordon co-founded Slim Chickens with Greg Smart in 2003 and has franchised the tender chain across the U.S. and into the UK, Europe and Asia.

    Brand Owner
  70. 70
    Adrie Groeneweg
    Founder, President & CEO · Pizza Ranch
    Orange City, IA

    Groeneweg founded Pizza Ranch in Hull, Iowa, in 1981 and still owns and runs the Midwest buffet-pizza franchise, which has about 215 restaurants.

    Brand Owner
    215 locations in 15 states (as of July 2025)Source
  71. 71
    Ryan Bridgeman
    Ryan Bridgeman
    CEO · Manna Inc.
    Brands: Wendy's, Fazoli's, Golden Corral, Jimmy John's · Louisville, KY

    Bridgeman took over in 2017 from his father, former NBA player and businessman Junior Bridgeman, and leads a portfolio of roughly 160 Wendy's, 62 Fazoli's and 10 Golden Corrals.

    Multi-Unit Operator
    $450M restaurant companySource
  72. 72
    Greg Hamer Sr.
    Founder & CEO · B&G Food Enterprises
    Brands: Taco Bell · Morgan City, LA

    Hamer and his wife Brenda opened their first Taco Bell in Morgan City in 1982 and built Louisiana's largest Taco Bell franchisee, expanding across the Gulf South through acquisitions.

    Multi-Unit Operator
    207 unitsSource
  73. 73
    Mike Hamra
    Mike Hamra
    CEO · Hamra Enterprises
    Brands: Wendy's, Panera Bread, Noodles & Company, Caribou Coffee · Springfield, MO

    Hamra, CEO since 2011, leads the company his father Sam founded with one Wendy's in 1975. In 2025-26 he expanded through 24 Panera cafes from CSC Investments and seven Houston-area Panera sites bought out of EYM's bankruptcy.

    Multi-Unit Operator
    190 restaurants in 12 statesSource
  74. 74
    Asif Rajabali
    CEO · ARS Brands / The Rajabali Group
    Brands: Wingstop, Dunkin', Baskin-Robbins, McAlister's Deli, Little Caesars

    Rajabali leads a fast-growing Wingstop and Dunkin' operator with markets in Wisconsin, Illinois, Minnesota and Dallas-Fort Worth. The group ranks No. 84 on the 2026 Mega 99.

    Multi-Unit Operator
    191 unitsSource
  75. 75
    Jon Rolph
    President & CEO · Thrive Restaurant Group
    Brands: Applebee's, Qdoba, Modern Market Eatery (franchisor) · Wichita, KS

    Rolph leads one of the largest Applebee's franchisees, which bought 69 Carolinas units from Dine Brands, and chairs the Applebee's Franchise Business Council. Thrive also acquired the Modern Market brand in 2024.

    Multi-Unit Operator
    177 unitsSource
  76. 76
    David Blackburn
    Founder & Chairman · Southern Rock Restaurants
    Brands: McAlister's Deli, Dave's Hot Chicken

    Blackburn bought 24 McAlister's in 2011 and built Southern Rock into the brand's largest franchisee, the first to pass 100 units. It is now adding Dave's Hot Chicken.

    Multi-Unit Operator
    173 unitsSource
  77. 77
    Edward Doherty
    Edward Doherty
    Chairman & CEO · Doherty Enterprises
    Brands: Applebee's, Panera Bread, Wendy's, Chevys Fresh Mex, JINYA Ramen Bar, Sola Salon Studios · Allendale, NJ

    Doherty, an Applebee's franchisee since 1993, built one of the brand's largest operators, including the 2024 purchase of 21 New York City Applebee's. His son Tim runs day-to-day operations as President & COO.

    Multi-Unit Operator
    159 restaurantsSource
  78. 78
    Chris & Jenny McCuiston
    Co-Founders (Chris McCuiston, CEO) · Goldfish Swim School Franchising, LLC
    Brands: Goldfish Swim School · Troy, MI

    The McCuistons founded Goldfish Swim School in 2006 and built it into a leading children's learn-to-swim franchise. In 2025 they kept signing leases in new markets, including New York City, Las Vegas, Oregon/Washington and Southern California.

    Brand Owner
  79. 79
    Blake BuchananBahama Buck's logo
    Blake Buchanan
    Founder · Bahama Buck's
    Lubbock, TX

    Buchanan opened the first Bahama Buck's in Lubbock, Texas, in 1990 and grew it into a shaved-ice franchise of more than 100 locations. The brand reached its 35th anniversary in 2025 and is entering new states, including Maryland in 2026.

    Brand Owner
    100+ locationsSource
Nos. 80–100 · Up & Coming

The Up & Coming 21

Smaller franchise brands growing fast, and the founders behind them. These are concepts with tens of units rather than thousands, many of them franchising for only a few years, that have shown real momentum: new states, multi-unit deals and recognition on the emerging-franchise lists. They are ranked on growth and trajectory rather than size.

  1. 80
    Tamara Galinsky
    Tamara Galinsky
    Founder & Brand President · JETSET Pilates
    Miami, FL

    Galinsky has turned a 2010 boutique studio into one of reformer Pilates' fastest franchise sellers since opening franchising in 2022, passing 400 territories sold by mid-2026.

    Up & Coming
    400+ territories sold; 70 studios open (June 2026)Source
  2. 81
    Lee Braun
    Lee Braun
    Founder & CEO · Perspire Sauna Studio
    Costa Mesa, CA

    Braun's infrared-sauna concept hit its 100th studio in May 2026, riding the recovery-and-wellness wave with more than 280 licenses awarded.

    Up & Coming
    100 studios open; 280+ licenses awardedSource
  3. 82
    Kamille McCollum
    Co-Founder, President & Chief Brand Officer · Bodybar Pilates
    Fort Worth, TX

    McCollum's reformer Pilates brand opened its 100th studio in its home state of Texas in 2026 and is pushing into new states including Tennessee, New Hampshire and Pennsylvania.

    Up & Coming
    100 studios; 21 new locations in 2026Source
  4. 83
    Tim VogelScenthound logo
    Tim Vogel
    Co-Founder & CEO · Scenthound
    Palm Beach Gardens, FL

    Vogel's membership-based dog wellness brand ranked No. 4 on Franchise Times' 2026 Fast & Serious list after opening 33 locations and selling 124 licenses in 2025.

    Up & Coming
    33 openings and 124 licenses sold in 2025Source
  5. 84
    Magen Bynum
    Founder & CEO · Magnolia Soap & Bath Co.
    New Albany, MS

    A mother of four who started making plant-based soap in 2016 for her daughter's sensitive skin, Bynum turned a single New Albany, Mississippi, shop into a franchised bath-and-body retailer with stores in 17 states.

    Read the full profile →
    Up & Coming
    50+ franchise locations in 17 statesSource
  6. 85
    Michael S. Gould
    Founder · Hounds Town USA
    Ronkonkoma, NY

    A former NYPD K-9 commander, Gould's pack-play dog daycare brand opened its 100th location in April 2026 and was named the IFA's 2025 Emerging Franchisor Award winner.

    Up & Coming
    100 locations (Apr 2026); 21 openings in 2025Source
  7. 86
    Brandon Landry
    Founder · Smalls Sliders
    Atlanta, GA

    The Walk-On's co-founder's slider concept, born in Baton Rouge in 2019, reopened franchising in 2023 and has signed multi-unit deals in Phoenix, Las Vegas, Oklahoma City and Lexington.

    Up & Coming
    350+ units open or in developmentSource
  8. 87
    Jorge Barragan
    Jorge Barragan
    Co-Founder & CEO · The Picklr
    Kaysville, UT

    The Picklr has become one of the most aggressive franchisors in indoor pickleball, with hundreds of clubs sold and international expansion into Australia.

    Up & Coming
    45 clubs open; 500+ in development (June 2025)Source
  9. 88
    Founder & CEO · Taste Buds Kitchen
    New York, NY (flagship)

    A Harvard economics graduate and former Wall Street executive, Brelsford turned a cupcake-making birthday party in a SoHo loft into Taste Buds Kitchen, a cooking-class and party franchise for kids and adults that has franchised since 2013 and opened its first Washington, D.C.-area studio in 2026.

    Read the full profile →
    Up & Coming
    18 locations nationwide, more in development (Apr 2026)Source
  10. 89
    Adam Goldberg
    Adam Goldberg
    Co-Founder · PopUp Bagels
    Westport, CT

    Goldberg's pandemic-era pop-up turned cult bagel brand is expanding rapidly through franchise partners in Texas, Nevada, New Jersey, Minnesota and the Southeast.

    Up & Coming
    50 stores (2026)Source
  11. 90
    David Bitan
    Founder & Brand President · Bumble Roofing (Empower Brands)
    Brands: Bumble Roofing · Tarzana, CA

    Bitan founded the roofing repair and replacement brand in 2019; after Empower Brands acquired it in 2023 it began franchising and landed on Entrepreneur's 2026 Top New & Emerging Franchises list.

    Up & Coming
    23+ locations in 16 statesSource
  12. 91
    Katy Doar & Brittany Schmid
    Co-Founders (Brand President / CEO) · The Bunny Hive
    Powhatan, VA

    The co-founders' membership-based family community and play space began franchising in 2023 and grew roughly fivefold in about a year, while accepting only about 20% of franchise candidates.

    Up & Coming
    24 units, up from 5 in 2024Source
  13. 92
    Brandon & Camrin Knudsen
    Co-Founders · Ziggi's Coffee
    Longmont, CO

    The husband-and-wife founders bootstrapped a single Longmont coffee shop into a drive-thru franchise of roughly 100-plus locations across more than 20 states, with a large development pipeline.

    Up & Coming
    Franchising since 2016Source
  14. 93
    Shaquille O'NealBig Chicken logo
    Shaquille O'Neal
    Co-Owner / Partner · Big Chicken
    Las Vegas, NV

    The NBA Hall of Famer is the face and partner-owner of Big Chicken, a franchise brand founded in 2018 that started franchising in 2021 and reports hundreds of units in development.

    Up & Coming
  15. 94
    Hunt Davis
    Founder · Canopy Lawn Care (Empower Brands JV)
    Brands: Canopy Lawn Care · Cary, NC

    Davis' subscription-based, eco-focused lawn care company began franchising in 2023 through an Empower Brands joint venture and was named to Entrepreneur's 2026 Top New & Emerging Franchises list.

    Up & Coming
    18 franchised locations in 14 statesSource
  16. 95
    Amy Addington
    Amy Addington
    Co-Founder & President · Woofie's
    Ashburn, VA

    Addington co-founded the pet sitting, dog walking and mobile grooming brand, which began franchising in 2018 and added 27 territories in 2025 under Authority Brands ownership.

    Up & Coming
    25 franchise agreements and 27 territories added in 2025Source
  17. 96
    Chad Coulter
    Co-Founder & CEO · Biscuit Belly
    Louisville, KY

    Coulter and his wife Lauren built a Louisville biscuit concept that began franchising in 2020 and was named to 1851 Franchise's Fastest Growing Emerging Franchises of 2026.

    Up & Coming
    Franchising since 2020; ~$1.26M average gross receipts (FY2024)Source
  18. 97
    Nikolaus von Solodkoff
    Founder & CEO · Döner Haus
    New York, NY

    Von Solodkoff's German-style döner concept, launched in Manhattan's East Village in 2023, has quickly moved into franchising with commitments across California, Florida, New Jersey and New York.

    Up & Coming
    Commitments for 40 additional franchise locations (Feb 2026)Source
  19. 98
    Mike "Ace" Rodrigues
    Founder & CEO · Pickleball Kingdom
    Chandler, AZ

    Rodrigues is franchising his Arizona indoor pickleball clubs across the US and abroad, with 2026 deals in Florida, California and Ohio and a master franchise for Australia and New Zealand.

    Up & Coming
  20. 99
    Kathy Ando
    Founder · Slime Kitchen
    San Francisco Bay Area, CA

    A former Apple marketing executive, Ando built a DIY slime-making experience founded in 2021 that is franchising into malls nationwide and made 1851 Franchise's Fastest Growing Emerging Franchises of 2026.

    Up & Coming
    18 stores open or in developmentSource
  21. 100
    Marc Howland
    Co-Founder & CEO · Breadless
    Detroit, MI

    Howland's bread-free wrap concept opened franchising in late 2025 and signed its first multi-unit deal in September 2026 to bring the brand to Ann Arbor and Chicago.

    Up & Coming
    Ranked No. 104 on Entrepreneur's 2026 New & Emerging list (company-reported)Source
How We Ranked

Scale, growth and reputation — never pay-to-rank

Nos. 1–79 are ordered editorially on scale (units and, where published, system or company sales), growth (recent openings, acquisitions and development deals) and reputation (standing in the franchise community and track record over time). The Up & Coming 21 are ranked on growth and trajectory rather than absolute size.

Every person on the list is real and currently identified with the company shown. Figures come from published sources such as FRANdata's Mega 99, the Franchise Times Restaurant 200 and Top 400, the QSR 50, company filings and press releases; each key stat links to its source, and where no reliable figure is public we show none rather than estimate one. Company-reported figures are labeled where we could not confirm them independently.

Placement is editorial and independent. The Executive Review does not accept payment for inclusion or ranking, and those listed are not asked to review their entries. Spot an error? Tell us and we will correct it. Read our methodology →

Photos: headshots appear only where a company page, press release or publication identifies the person; everyone else is shown by initials or brand mark. Brand marks are each brand's own website icon. Credits: Andrew Cathy - Official photo: Chick-fil-A; Neal Aronson - Official photo: Roark Capital; Greg Flynn - Photo: International Franchise Association; Marian Ilitch - Photo: Wayne State University Ilitch School of Business; Todd Graves - Photo: ABC / Nation's Restaurant News; Peter Cancro - Photo: Franchise Times; Stewart Bainum Jr. - Photo: Richard Anderson Productions for Choice Hotels, CC BY-SA 4.0, via Wikimedia Commons; Gary Keller - Photo: Erwinnecrumb, CC BY-SA 3.0, via Wikimedia Commons; Jerry Murrell - Photo: Restaurant Business; Guillermo Perales - Photo: Restaurant Finance & Development Conference (NRN); Wan Kim - Official photo: Smoothie King; Michael Browning Jr. - Photo: International Franchise Association; Tony Lamb - Photo: Entrepreneur Hall of Fame; Jack Butorac - Official photo: Marco's Pizza; Nathan Garn - Photo: International Franchise Association; Bob Titus - Photo: Printing Impressions; Charley Shin - Photo: Nation's Restaurant News; Ali Dhanani - Photo: Restaurant Finance & Development Conference (NRN); Kuba Jewgieniew - Official photo: Realty ONE Group; Joey Pierson - Official photo: Tacala; Richard Weissman - Photo: International Franchise Association / Dreamfocus Photography; Roland Dickey Jr. - Official photo: Dickey's Barbecue Pit; Shelly Sun Berkowitz - Photo: University of Tennessee Alumni; Roland Spongberg - Photo: Restaurant Finance & Development Conference (NRN); Casey Miller - Official photo: Kiddie Academy; SG Ellison - Photo: Restaurant Finance & Development Conference (NRN); Anil Yadav - Photo: Restaurant Finance & Development Conference (NRN); J.R. Galardi - Official photo: Wienerschnitzel; Steve Jackson - Photo: Franchising.com; Rahul Agrawal - Photo: Restaurant Finance & Development Conference (NRN); Jeff Osterfeld - Photo: The CEO Magazine; Aaron Engler - Photo: Restaurant Finance & Development Conference; Jane Grote Abell - Photo: Franchise Times; Mike Evans - Photo: Franchise Times; Tom Gordon - Photo: University of Central Arkansas; Ryan Bridgeman - Photo: Franchise Times; Mike Hamra - Photo: Ohio Wesleyan University; Edward Doherty - Photo: Restaurant Business; Blake Buchanan - Photo: Texas Tech University Rawls College of Business; Tamara Galinsky - Photo: Athletech News; Lee Braun - Photo: Athletech News; Tim Vogel - Photo: Franchise Times; Magen Bynum - Photo: Franchise Times; Jorge Barragan - Photo: Utah Business; Adam Goldberg - Photo: U.S. Chamber of Commerce; Shaquille O'Neal - Photo: TechCrunch, CC BY 2.0, via Wikimedia Commons; Amy Addington - Photo: Adam Mendler / Veritas Podcast.