Security 101 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 honour in the franchise industry, as evidenced by the fact that Entrepreneur received more than 1,000 applications this year, making it one of the company’s most competitive rankings ever.
Recognised as an invaluable resource for potential franchisees, the Franchise 500 ranks Security 101 as 273rd for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
“This is the first time we submitted our name for Franchise 500 consideration and it’s encouraging to rank so well among other established industries,” said Corey Tyriver, director of marketing for Security 101. “It validates security integration as an emerging trend and shows that a franchise model can be successful.” It validates security integration as an emerging trend and shows that a franchise model can be successful"
Fresh ideas
"This year’s Franchise 500 ranking features both up-and-comers who bring fresh ideas to an ever- changing industry, as well as savvy stalwarts that have thrived for decades. We are proud to highlight and celebrate them all,” says Jason Feifer, editor in chief of Entrepreneur.
“Our results show that the industry is strong—and that the most enduring franchisors are those who learn to balance innovation with reliability. That’s how to attract new customers while keeping the old ones happy.”
The key factors that go into Entrepreneur’s evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order.
Primary research tool
Over its 39 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisee’s position on the ranking is a testament to its strength as a franchise opportunity.
