Sport Clips was recently honored in Entrepreneur magazine’s 37th Annual Franchise 500 issue by being ranked as the 16th best franchise opportunity. With Entrepreneur magazine reaching more than three million readers, the Franchise 500 Issue, which hit shelves in January 2016, is one of the most widely referenced guides in franchising.
All companies, regardless of size, are judged by the same criteria: an objective and quantifiable measurement of franchise operations. The most important factors include financial strength and stability, growth rate, and size of the system. Entrepreneur also considers the number of years a company has been in business and the length of time it’s been franchising, startup costs, litigation, percentage of terminations and whether the company provides financing.
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