9Round Ranked in Entrepreneur’s 42nd Annual Franchise 500
International Kickboxing Franchise Makes the List at Number 169
February 02, 2021 // Franchising.com // GREENVILLE, S.C. - 9Round Franchising, LCC, was recently ranked number 169 in Entrepreneur’s Franchise 500, the ninth consecutive year the brand has placed on the reputable list.
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. 9Round’s position on the ranking is a testament to its strength as a franchise opportunity.
“After such a challenging and unconventional year, we are honored that we continue to maintain a spot in Entrepreneur magazine’s Franchise 500 ranking,” said Shannon Hudson, Founder and CEO of 9Round. “This recognition is a testament to the hard work and dedication of our franchisees and home office team. As we face new opportunities in 2021, we anticipate more success for the 9Round brand through digital expansion, beneficial updates to our current franchise model and more.”
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.
“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.”
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