Cinnaholic Named to Entrepreneur Magazine’s 41st Annual Franchise 500® List for Second Consecutive Year
Gourmet Cinnamon Roll Bakery Franchise Ranked #477 in the Baked Goods Category
January 30, 2020 // Franchising.com // ATLANTA - Cinnaholic announced today that it has been named to Entrepreneur magazine’s Franchise 500® list, considered the world’s first, best and most comprehensive franchise ranking. As its second consecutive year appearing on the list, Cinnaholic was rated number 477 in the “Baked Goods” section of the “Quick-Service Restaurants” category.
The recognition received by Cinnaholic highlights the expansion made by the company in 2019. An addition of 12 locations last year brings the brand’s total number of locations to 38 in communities across the United States. To start the new year, Cinnaholic is entering several new markets including Chicago, Raleigh and San Antonio, and is on track to close out 2020 with 60 locations open and another 50 in development.
“We are thrilled to have been ranked on Entrepreneur’s Franchise 500 list once again,” said Spencer Reid, president of Cinnaholic. “The brand had a great year in 2019 - plus we’re starting off 2020 with several new openings across the country and will enter new markets in the months ahead.”
The key factors that go into the evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“The 500 companies on this list all have something in common: They understand what consumers want now,” says Jason Feifer, editor in chief of Entrepreneur. “They may be an upstart in a brand-new category, or they may be a brand like Dunkin’ that’s ranked highly on our list for decades. But either way, making our list means they’re forward-thinking, nimble, and closely in touch with their customers’ needs - because in an ever-changing business environment, that’s what a franchise must do to thrive.”
As a gourmet bakery using only the highest quality plant-based ingredients, Cinnaholic’s success is rooted in its alignment with today’s conscious consumption trends. Customers can choose from a variety of Cinnaholic’s signature frosting flavors and toppings to create their very own, mouthwatering cinnamon roll experience.
As Cinnaholic sets its sights on continued growth in 2020, it is seeking out qualified single-unit and multi-unit investors in a range of market sizes throughout the United States and Canada. The flexible business model works well in upscale lifestyle centers, major city centers and near college campuses. A notable contributor to franchisees’ success is the relatively low cost of owning and operating a Cinnaholic location, specifically the small footprint (around 1,000 square feet) and low food and labor costs.
Over its 41 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Cinnaholic’s position on the ranking is a testament to its strength as a franchise opportunity.
To view Cinnaholic in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2020 issue of Entrepreneur, available on newsstands January 14th.
For more information on Cinnaholic, visit www.cinnaholic.com.
Founded in 2009 in Berkeley, California, Cinnaholic is the only gourmet bakery that allows customers to completely customize cinnamon rolls with more than 20 frosting flavors and over 20 topping choices. Each Cinnaholic cinnamon roll is 100% vegan and free of dairy, lactose, eggs or cholesterol, allowing guests to enjoy their mouthwatering creations without worrying about certain dietary or allergy restrictions.
For more information about Cinnaholic bakeries, visit www.cinnaholic.com.
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