PLAINVIEW, N.Y. (PRWEB) January 21, 2020
GYMGUYZ recently ranked in Entrepreneur magazine’s Franchise 500, the world’s first, best and most comprehensive franchise ranking. Placement in the Franchise 500 is a highly sought-after honor in the franchise industry making it one of the company’s most competitive rankings ever. Recognized as an invaluable resource for potential franchisees, the Franchise 500 ranks GYMGUYZ as 274 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
"The 500 companies on this list all have something in common: They understand what consumers want now,” says Entrepreneur editor in chief Jason Feifer. “They may be an upstart in a brand-new category, or they may be a brand like Dunkin’ that’s ranked highly on our list for decades. But either way, making our list means they’re forward-thinking, nimble, and closely in touch with their customers’ needs—because in an ever-changing business environment, that’s what a franchise must do to thrive."
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.
“We’re thrilled to be recognized in the Franchise 500 again this year,” said GYMGUYZ CEO Josh York. “We’re growing, but we’re only getting started. Changing people’s lives is what we do, and the most important thing to us continues to be servicing our clients and our franchisees.”
Over its 41 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. The mobile fitness concept’s position on the ranking is a testament to its strength as a franchise opportunity.
To view GYMGUYZ in the full ranking, visit http://www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2020 issue of Entrepreneur, available on newsstands January 14th.
GYMGUYZ is # 1 in Home Personal Training providing convenient, customized, and creative workouts wherever you are. Headquartered in Plainview, N.Y., and founded in 2008 by fitness specialist Josh York, the mobile brand utilizes a fleet of franchise vans that bring more than 365 pieces of state-of-the-art fitness equipment and expert coaches to their customers’ doors to drive accountability and provide tailored workouts. Since beginning franchising in 2014, the brand’s growth has exploded 1,700 percent. Now with nearly 200 locations internationally, including the United States, United Kingdom and Canada, GYMGUYZ is the fastest growing fitness concept in the U.S. with plans to open another 100+ locations globally in the coming year. Beyond rapid expansion, the brand was also recognized in 2019 having jumped up 49 percent on Entrepreneur Magazine’s 2019 Franchise 500®, also ranking #50 on Entrepreneur’s list of Fastest-Growing Franchises and #25 on its Best For Any Budget list in the under $100,000 category. Due to the uniquely personalized approach the company takes, GYMGUYZ prioritizes cultivating a high level of trust and respect between trainers and clients. For more information on GYMGUYZ, visit http://www.gymguyz.com/. To learn more about franchising opportunities with GYMGUYZ, visit http://www.gymguyzfranchise.com/.