FASTSIGNS (Carrollton, TX) announced its #1 ranking in Entrepreneur’s Franchise 500 list for the eighth year in a row, according to a press release from Fastsigns.
“Anticipating the continuation of our growth momentum this year, we are positioned to offer diverse franchising options as we strategically expand into new markets,” Mark Jameson, chief development officer at Propelled Brands, which owns Fastsigns and other brands, is quoted in the press release.
In Entrepreneur’s continuing effort to understand and evaluate the ever-changing franchise marketplace, the company’s ranking formula continues to evolve, as well. The editorial team researches and assesses several factors, including costs and fees, size and growth, support, brand strength and financial strength and stability. Each franchise is then 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 ranked order.
Despite the refinements in the selection process, Fastsigns remained on top once again.
For more information, visit fastsigns.com.