Kolache Factory Ranked A Top Franchise In Entrepreneur’s Highly Competitive 42nd Annual Franchise 500
January 20, 2021 // Franchising.com // KATY, Texas - Kolache Factory, a unique national pastry chain based in Katy, Texas, recently ranked in Entrepreneur magazine’s Franchise 500®, the world’s first, best, and most comprehensive franchise ranking. Placement in the Franchise 500 is a highly sought-after honor in the franchise industry, making it one of the company’s most competitive rankings ever. Recognized as an invaluable resource for potential franchisees, the Franchise 500 recognized Kolache Factory for its outstanding performance in areas including unit growth, financial strength, stability, and brand power.
“We appreciate being recognized by Franchise 500 for our strong brand and our sound business model, especially during a global pandemic that brought challenges and uncertainty,” said COO Dawn Nielsen. “We work hard to offer our customers a safe and clean place to buy delicious and unique handmade pastries and offer our franchisees the support they need to meet the constantly changing government and safety guidelines while remaining financially successful and a valued part of their local communities. We have never wavered from that commitment.”
The key factors that go into the evaluation of the Franchise 500 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.
Over its 42 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Kolache Factory’s ranking is a testament to its strength as a franchise opportunity.
“2020 was a challenging year for everyone, but it was also a year of unusual opportunity,” says Jason Feifer, Entrepreneur editor-in-chief. “Franchises were able to be nimble and innovative, serving the needs of franchisees and customers in ways that will resonate for many years to come. We believe that, when we eventually look back on this time, we’ll see it as a moment when many brands defined themselves for the future.”
SOURCE the Kolache Factory
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