FranNet's Impressive Growth Continues to Earn Recognition Nationally and Locally
Leading Franchise Consultant Group Lands on Inc. 5000, Louisville's Fast 50 lists
Louisville, Ky. (PRWEB) August 28, 2014 - FranNet has been North America's most respected leader in matching individuals with the right franchise opportunities for more than 25 years, and leading business publications continue to recognize the organization's growth and leadership.
FranNet earned its place on the coveted Inc. 5000 list for the fifth consecutive year, earning "Honor Roll" status, an exclusive distinction honoring FranNet as a five-time honoree on Inc. magazine's annual census of the nation's top growth companies. According to Inc., FranNet grew its annual revenue 56 percent to $17.9 million in fiscal 2013, compared with $11.5 million in fiscal 2010.
The company also earned a spot on the 2014 "Fast 50" list published by Louisville Business First, which recognizes the fastest-growing private companies in the market.
"Distinctions like being selected for these two prestigious lists show that although FranNet has been helping pair franchise brands with potential star operators for 27 years, we're still very much in high-growth mode," said Jania Bailey, President and Chief Operating Officer of FranNet. "Our extensive vetting and matching programs will continue to produce very real business opportunities - and, ultimately, many viable businesses - for years to come."
Through a free educational and consultative process that includes a proprietary personal franchise assessment, FranNet consultants determine which potential franchisors fit an individual's needs, passions and business goals. The accuracy of the FranNet process is in the numbers. FranNet surveyed nearly 1,300 franchisee placements that the company made between 2006 and 2010, years which defined some of the country's worst economic conditions in 70 years. Of those placements, nearly 92 percent were in business after two years, compared to about 64 percent of other small businesses. Additionally, nearly 85 percent were still in business after five years, compared to about 50 percent of other small businesses.
FranNet has also grown its international presence to help create more franchise ownership opportunities worldwide. Within the last year, FranNet Germany was added under the U.S. holding company, in addition to a master franchisee beginning services in the United Kingdom. These operations will act as a launching pad for growth across the rest of Europe, the Middle East and Australia in the near future.
"FranNet's goal to empower entrepreneurship is one that transcends language barriers and international borders, which is why we're confident we can replicate our success from North America across the globe," said John Blair, the company's Director of Marketing. "Wherever ambitious brands and entrepreneurs want to grow, FranNet will be there to facilitate the most mutually beneficial outcome possible."
FranNet is North America's most respected leader in matching individuals with franchise ownership opportunities. Founded in 1987, FranNet has more than 100 experienced consultants across the United States, Canada, Germany and the United Kingdom. FranNet uses a proprietary profiling and consultative process to determine a business model unique to each client's goals, skill sets and interests, and has matched thousands of prospective business owners to rewarding small business franchise opportunities. Based in Louisville, Kentucky, FranNet has been recognized by Inc. magazine as one of the fastest growing private companies in America for the last five years.
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