Two boat clubs –SailTime and Freedom Boat Club – were included in Entrepreneur’s 38th annual Franchise 500.
SailTime ranked No. 369 on the list. The company says it has enjoyed growth of 161 percent since 2012, expanding to 28 franchise bases in the U.S. and six in Australia.
“All of us at SailTime are incredibly excited to be named to Entrepreneur magazine's prestigious Franchise 500,” SailTime CEO Todd Hess said. “This recognition is a fantastic way for us to kick off what we believe will be our best year yet as we aim to grow our international presence with new bases in Europe!”
Freedom Boat Club ranked No. 398 on the list. The company has added 55 franchise locations over the past three years, adding 24 clubs in the preview year. The club now has 115 locations throughout North American and launched its first international location in Canada in 2016.
“Freedom Boat Club is very pleased to be recognized again for our ongoing franchise growth in the prestigious Entrepreneur Franchise 500,” said John Giglio, president/CEO of Freedom Boat Club. “We believe this growth and positioning simply reaffirms the proven performance of the boat club model. We expect our growth to continue in 2017 and beyond.”
Over its 38 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for entrepreneurs. The key factors that go into Entrepreneur’s evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order.
"Entrepreneurs in every industry must constantly improve and adapt, and our Franchise 500 list is full of success stories,” says Jason Feifer, editor-in-chief of Entrepreneur. "No matter what their concept is, these companies — from booming newcomers to established industry dominators — tell us a lot about what it takes to keep up with current trends in the business world."
To view the full ranking and any of the related stories, pick up a copy of the January 2017 issue of Entrepreneur on newsstands now or visit www.entrepreneur.com/franchise500.