We believe our franchise opportunity offers the affordability, growth potential and uniqueness that potential business owners are looking for and being named to the Franchise 500 helps drive that home.
Wyckoff, NJ (PRWEB) January 06, 2016
A great year for Parisi Speed School just got better as Entrepreneur Magazine named the fitness franchise to their annual Franchise 500® list. After being named to Entrepreneur’s “Hottest Franchise Category” in 2015, Parisi Speed School cracked the top 500 for 2016, coming in at #439.
“We have seen a tremendous amount of growth in the past 12 months, not just in terms of new franchisees, but amongst current members of our network,” stated Bill Parisi, Founder of Parisi Speed School and Parisi Franchise Systems. “We believe our franchise opportunity offers the affordability, growth potential and uniqueness that potential business owners are looking for and being named to the Franchise 500 helps drive that home.”
Over the past year, Parisi Speed School introduced a tiered franchise fee system based on protected territory, new proprietary business management software for use at the franchise level, along with a new business and marketing playbook. 2015 also saw the release of the Parisi Constant Coach App, as well as a partnership with NCSA, the largest high school sports recruiting organization in the country.
According to Entrepreneur.com, only franchise companies that supply a full Franchise Disclosure Document (FDD) or Canadian Disclosure Document and whose information is verified by Entrepreneur can receive a listing. To be eligible for the Franchise 500®, a franchisor must have a minimum of 10 units, with at least one franchise located in the U.S. The company must be seeking new franchisees in the U.S., and it cannot be in Chapter 11 at the time the ranking is compiled. All companies, regardless of size, are judged by the same criteria: objective, quantifiable measures of a franchise operation. The most important factors include financial strength and stability, growth rate and size of the system. They also consider the number of years a company has been in business and the length of time it’s been franchising, startup costs, litigation, percentage of terminations and whether the company provides financing. Financial data is analyzed by an independent CPA.
“This is a huge honor,” exclaimed Parisi, “To be recognized by Entrepreneur as one of the Top 500 franchise concepts in the industry just motivates us even further to be better and move up in the rankings for 2017!”
About Parisi Speed School:
Founded in 1992 by CEO Bill Parisi, our mission is to strive to be the industry leader in performance enhancement and continue to deliver a positive training experience that improves speed of movement and strength in character regardless of ability or economic status. Over the past 20+ years, Parisi Speed School has grown to over 85 locations in 32 states and has trained more than 600,000 individuals. For more information on joining a Parisi Speed School or owning your own franchise, visit http://www.parisischool.com.