Security 101 Ranked Among Top Franchises in Entrepreneur Magazine
The key factors that go into evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability.
WEST PALM BEACH, Fla. — Security 101 has earned a spot in Entrepreneur magazine’s latest Franchise 500, a comprehensive franchise ranking published each year.
Placement in the Franchise 500 is a highly sought-after honor in the franchise industry, according to Security 101. The magazine received more than 1,000 applications for the 39th annual listing, making it one of the company’s most competitive rankings ever.
Recognized as a key resource for potential franchisees, the listing ranked Security 101 at No. 273 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,” says Corey Tyriver, director of marketing, Security 101. “It validates security integration as an emerging trend and shows that a franchise model can be successful.”
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. The 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order.
This year’s 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,” says Entrepreneur Editor-in-Chief Jason Feifer. “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.”
To view the full ranking, go here. Results are also published in the magazine’s January/February issue.
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