Painting with a Twist(R) Ranked #1 in Category in Entrepreneur's Prestigious 35th Annual Franchise 500(R)
MANDEVILLE, La. - Jan. 13, 2014 // GLOBE NEWSWIRE // - Painting with a Twist, the largest paint-and-sip franchise in the U.S., recently was ranked the top Paint and Sip franchise as part of the 2014 Entrepreneur magazine annual Franchise 500 edition.
Entrepreneur magazine's Franchise 500 is the world's first, best and most comprehensive franchise ranking based on objective, quantifiable measures of success. The most important factors include financial strength and stability, growth rate and size of the system. Painting with a Twist's rank, number one in its category and 276th overall, reinforces its strength as the leader and pioneer of the fast growing paint and sip category.
"It's quite an honor and a testament to the growth of our franchise system to receive this exclusive recognition," said Cathy Deano, Co-Founder of Painting with a Twist. "In 2013, we doubled the number of new franchise agreements that we licensed over 2012, bringing our total studio count to more than 120 locations across 22 states. Our 2014 development plans include opening up new markets in the New England region and California and further expanding our national footprint."
Throughout its 35 years in existence, Entrepreneur magazine's Franchise 500 is a dominant competitive measure for franchisors and a primary research tool for entrepreneurs looking to start their own business.
"Compiling the Franchise 500(R) every year gives us the opportunity to share data-driven insights, reflect on areas seeing progress and acknowledge the companies that have risen to the top," says Amy Cosper, VP and editor in chief of Entrepreneur. "Franchises play an important part in economic growth, and the names in the ranking are leading the way with their continued and emerging business success."
Renee Maloney, Co-Founder of Painting with a Twist adds, "Above all, the statistic that Cathy and I are most pleased with is that more than 30 percent of our franchise partners are multiple studio operators and that our system is continuing to grow organically. We believe this statistic underscores the health and future of our franchise system."
At Painting with a Twist, people come together to experience a unique 'getaway' that includes friends, paint and the option to BYOB. Led by local art instructors, guests paint on bare 16" by 20" canvases using paint and brushes provided by the studio. There are more than 4,000 original pieces of copyrighted artwork, ranging from landscapes, abstracts and cityscapes, to creative renderings of animals, iconic buildings and florals, that have been conceptualized and produced by Painting with a Twist art instructors. Friends gather for an evening of laughs, creativity and camaraderie as they create one-of-a-kind pieces of art to take home and, often, discover a newfound talent. In addition to the scheduled classes, Painting with a Twist also offers private parties for corporate outings, bridal showers, sorority functions, baby showers and special events.
To view Painting with a Twist in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January issue of Entrepreneur on newsstands now.
To inquire about Painting with a Twist franchise opportunities, visit: https://www.paintingwithatwist.com/franchise/ or call (985) 626-3292.
About Painting with a Twist(R)
Painting with a Twist, based in Mandeville, Louisiana is the leading Paint and Sip franchise with more than 100 locations throughout the United States. Founded in 2007 by Cathy Deano and Renee Maloney, Painting with a Twist began franchising in 2009 and provides customers with paint, a canvas and brushes that lead to a fun evening with friends and a finished piece of art.
Fishman Public Relations