FranNet Recognized Among Top Franchises on Entrepreneur Magazine’s Franchise 500®
Prestigious ranking honors industries and brands poised for growth
FranNet, an industry-leading franchise consulting firm, is pleased to announce its placement on Entrepreneur magazine’s 37th Annual Franchise 500® ranking. Recognizing the top 500 franchise brands in the industry, the ranking is determined by a franchise’s financial strength, stability, growth rate and size of the system, as well as several other objective measurements.
This accolade comes just months after FranNet’s sixth consecutive placement on the Inc. 5000 list, which ranks the country’s top 5,000 fastest-growing private companies.
“The Entrepreneur 500 award, coupled with our sustained run in the Inc. 500 and 5000 rankings, is what makes me so proud to be a part of this organization,” said FranNet CEO Jania Bailey. “Our consultants, headquarters staff and everyone who makes FranNet run each day all played a part in this recognition.”
Entrepreneur’s 37th Annual Franchise 500® was based on financial and statistical data from July 2013 through July 2015. To qualify, a franchisor must be seeking new franchisees and have a minimum of 10 units, with at least one of those units located in the U.S. Company rankings are determined by an exclusive Franchise 500® formula which takes into account objective and quantifiable data. Each eligible company receives a cumulative score, and the top 500 companies are then ranked accordingly to create the final list.
The award is a testament to FranNet’s impressive growth over the past three years, which has included global expansion into Europe. FranNet is uniquely positioned within a growing and vibrant industry, helping to connect entrepreneurs with ideal franchise ownership opportunities in their local markets.
To view the complete Franchise 500® list, visit www.entrepreneur.com/franchise500.