Outdoor Lighting Perspectives Ranked in Entrepreneur Magazine's Annual Franchise 500 Issue
Outdoor Lighting Perspectives (OLP), a world leader in outdoor residential lighting systems, was recently named one of Entrepreneur magazine's top 500 franchise operations. The company listing appeared in the 29th Annual Franchise 500 issue, ranking it among some of the country's most promising franchise operations.
Outdoor Lighting Perspectives was listed as number 235 out of 500, marking the second year the company has been named to the list. OLP appeared in the home improvement category.
Entrepreneur magazine judges companies for its Franchise 500 issue based on several criteria, including financial strength, the company's growth rate and size of the franchise system. Also considered are the company's age and other factors such as startup costs, termination percentage and company financing. The magazine enlists an independent CPA to analyze the data and calculate cumulative scores. The 500 franchises with highest cumulative scores are named to the magazine's annual Franchise 500 list.
"We are honored to again be part of Entrepreneur magazine's Franchise 500 issue," said Larry Spada, director of marketing for Outdoor Lighting Perspectives. "We pride ourselves on the steady growth of our company over the past decade and are constantly seeking out franchisees with the drive to be successful in the outdoor lighting industry. Our listing in Entrepreneur magazine will certainly help us in that effort."
Outdoor Lighting Perspectives, founded in 1995, began franchising in 1998. The company has grown from four locations to a dealer base of nearly 80 franchisees in the U.S., Europe, Middle East and the Bahamas.
Outdoor Lighting Perspectives (OLP) is a world leader in residential and commercial outdoor lighting systems. Operating through independent dealers across the country, OLP offers lighting components featuring copper, brass and stainless steel components, designed for long-life and durable operation. OLP installers offer no-obligation demonstrations in the latest concepts in outdoor lighting to enhance the beauty, safety and security of a home.