LAS VEGAS // PRNewswire // -- More than 300 franchise companies registered for the 2010 FBR 50 Awards, which represent a total of more than 65,000 franchisees. ActionCOACH, the world's number one business coaching firm, ranked 16 this year, up from last year's ranking of 17.
The awards recognize the Top 50 franchise companies with the highest levels of overall franchisee satisfaction, as well as Best in Category and Honorable Mention awards in 16 industry categories. Participation was limited to companies based in North America, with over 10 franchisees in their system. This year's participants included a wide array of companies from many different industries, ranging in size from small franchise systems with just a dozen franchisees, to large International brands with thousands of locations around the world.
ActionCOACH ranked in the FBR's large systems category. Ranking within the top 20 of the FBR 50 is quite a feat; the Franchise Business Review is a national franchise market research firm that performs independent surveys of franchisee satisfaction, examining everything from training and support, operations, franchisor/franchisee relations, financial opportunity, and more. The FBR's survey results deliver the unbiased facts about the overall health of a franchise system direct from today's franchise owners. Companies were ranked based on a proprietary formula taking into account each company's average satisfaction score, system size and rate of franchisee participation.
"The fact that we increased our ranking shows we are a strong franchise," founder and chairman Brad Sugars said. "We are stable, yet we're also improving. We've managed to overcome a struggling economy, and not let that affect our business negatively. Instead, we turned it into an advantage, and are coaching and helping businesses that are struggling in this economy."
Lists like the FBR 50 are very important to the prospective franchise buyer looking to invest in a franchise. ActionCOACH is in a very good position; in addition to ranking 16 on this year's FBR 50, the company also ranked 65 in Entrepreneur's Franchise 500 list and ranked 71 on AllBusiness.com's AllStar Franchise list.
ActionCOACH is the world's number one business coaching and executive coaching firm, with more than 1,000 offices in 26 countries.