Every year, Entrepreneur Magazine releases its prestegious list of the top 500 franchise systems in the nation. All companies, regardless of size, are judged by the same criteria: objective, quantifiable measures of the franchise operation. The most important factors include financial strength and stability, growth rate and size of the system. Entrepreneur also considers the number of years a company has been in business, the length of time it has been franchising, startup costs, percentage of terminations and whether the company provides financing. Financial data is analyzed by an independent CPA. The magazine does not measure subjective elements such as franchisee satisfaction or management style. The objective factors are plugged into an exclusive Franchise 500 formula, with each eligible company receiving a cumulative score. The 500 franchises with the highest cumulative scores become the Franchise 500. This year, Budget Blinds came in at #177 – an impressive feat considering the thousands of franchise systems out there. Even more impressive is that the company was ranked #1 in the window coverings category for the 17th consecutive year!
“Being ranked in the Franchise 500 is a great accomplishment in and of itself, but being ranked the #1 window coverings franchise time and time again is something truly special,” said Chad Hallock, CEO of Budget Blinds. “This is a true testament to all the hard work we’ve all put into creating a lucrative franchise operation that can help any entrepreneur reach their financial goals.”