Snapology 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 Snapology as 230 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. 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. Snapology’s position on the ranking is a testament to its strength as a franchise opportunity. "The strong foundation Snapology has built over the last 10 years has helped us become the top ranked children's STEAM enrichment franchise in the world.” Said Laura Coe, Co-Founder of Snapology. “We are proud to engage and inspire the future STEAM leaders of tomorrow through play-based learning, and can't wait to see what the future holds for Snapology."
To view Snapology in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2020 issue of Entrepreneur.