9Round has made it onto Entrepreneur Magazine’s first ever ‘Top Growth Franchises’ list.
The league table ranks the 150 businesses to experience the biggest increase in franchise units across the US and Canada over the past three years. Entrepreneur Magazine took information submitted for its Franchise 500 list to generate the table of fast-growing franchises.
The companies with the most impressive growth statistics for the period running from July 2016 to July 2019 have been celebrated in this brand-new Top Growth Franchises list. To be eligible for the league table, franchises must have added at least five units to their networks each year.
Given the challenges 2020 has brought for many businesses, Entrepreneur decided not to include findings from this year in its ranking. But it did take ‘negative’ data from previous years into account, such as franchise contract terminations and non-renewals.
Entrepreneur’s Editor-In-Chief, Jason Feifer, said:
By maintaining steady, sustained growth over several years, these franchises have demonstrated that they have the systems in place to support their franchisees and help them become successful. Now as these and other companies around the country face unprecedented challenges, they may see their growth slow, but that record of success could prove more important than ever.
9Round is proud to have been recognised in Entrepreneur’s first Top Growth Franchises ranking. It came 22nd out of the 150 listed businesses - a notable achievement demonstrating just how fast it’s growing.
Shannon Hudson, Founder and CEO of the gym franchise is feeling optimistic about the future:
Despite the challenges COVID-19 has presented this year, we are far from done when it comes to expansion. As we head into 2021, we are laser-focused on cultivating and enhancing the brand to meet the changing needs of our customers, always with the ultimate goal to help people become ‘stronger in 30 minutes’.
Alice Tuffery, Point Franchise ©