September 15, 2016 // Franchising.com // MONTREAL - Canadian Business and PROFIT today ranked Spray-Net No. 34 on the 28th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies. Published in the October issue of Canadian Business and at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their five-year revenue growth.
Spray-Net made the 2016 PROFIT 500 list with impressive five-year revenue growth of 2,355%.
“Companies become a part of the PROFIT 500 through innovative thinking, smart strategy and sheer grit,” says James Cowan, Editor-in-chief of PROFIT and Canadian Business. “These firms demonstrate what Canadian entrepreneurs can achieve, both at home and across the globe.”
"This ranking solidifies the growth we have been seeing and validates Spray-Net's plans for future expansion and development," says Marsala. "We expected it would take us five years to grow our presence across Canada, but we managed to do it only two! This is a very exciting time for the company and this ranking has come at the perfect time."
Setting sights on the surging U.S. housing market, Canadian-based Spray-Net wants to take its award-winning business model across the border – a testament to the brand’s ability to firmly establish itself as the most cost-effective way to improve a home’s curb appeal and value in only one day.
As Spray-Net enters the U.S. market, the company has prioritized the eastern seaboard as its primary growth region. The east coast, from New England to Florida, is the focal point of the brand’s initial cross border expansion.
Winning back-to-back business awards in 2016: recognized as the fastest growing Canadian home-improvement franchise in the 2016 Franchise Canada Directory by the Canadian Franchise Association, and top young entrepreneur in the International Franchise Association’s (IFA) NextGen in Franchising Global Competition, Marsala and Spray-Net have earned widespread validation for expanding the unique concept to the U.S.
After launching Spray-Net when he was just 24 years old in 2010, the company has since adopted the franchise model and has grown to service in every major market in Canada, making it the country’s fastest-growing home improvement franchise.
PROFIT: Your Guide to Business Success is Canada’s preeminent media brand dedicated to the management issues and opportunities facing small and mid-sized businesses. For 34 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com.
Founded in 1928, Canadian Business is the longest-serving, best-selling and most-trusted business publication in the country. With a total brand readership of more than 1.1 million, it is the country's premier media brand for executives and senior business leaders. It fuels the success of Canada's business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. We provide concrete examples of business achievement, thought-provoking analysis and compelling storytelling, all in an elegant package with bold graphics and great photography. Canadian Business—what leadership looks like.
Founded in 2010 by 24-year-old Carmelo Marsala, Spray-Net has since grown to 36 units in Canada since being franchised in 2013. Seen on CBC’s Dragon’s Den, Spray-Net is an exterior painting service that transforms your renovation into an investment in only one day. Using proprietary coatings and a specialized exterior spray technique, Spray-Net created a permanent and cost-effective solution that offers a real and affordable alternative to replacement for homeoweners. For more information about Spray-Net, please visit www.spray-net.com. To learn about available franchise opportunities, visit www.spraynetfranchise.com.
All Points Public Relations