Crunch Fitness Ranked a Top Franchise in Entrepreneur's Highly Competitive 42nd Annual Franchise 500®
NEW YORK, Jan. 20, 2021 // PRNewswire // - Crunch Fitness recently ranked in Entrepreneur magazine's Franchise 500®. Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranks Crunch Fitness as #52 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
"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."
In Entrepreneur's continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company's 42-year-old ranking formula continues to evolve as well. 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.
"For us to improve our ranking so dramatically during the last year is a testament to the strength of our franchisees, our team, our members, and ultimately the Crunch brand. We are very thankful to everyone that has worked so hard at keeping Crunch thriving even during these challenging times, and we are very excited for the future," says Ben Midgley, CEO of Crunch Franchising.
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