Fresh Coat Painters, a nationally-recognized painting and home services company, 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.
Fresh Coat is listed at 397 after a successful 2020, which included adding 36 new locations throughout the country.
“We are honored to once again be part of the Franchise 500,” said Tara Riley, Fresh Coat Painters president. “The painting industry is growing fast, and we are eager to keep up the pace we set in 2020 with an even more successful 2021.”
The pandemic has led to a home improvement boom, as many homeowners look to upgrade their living conditions while spending more time at home than ever. Fresh Coat Painters was able to take advantage of this trend with four straight months of record-breaking revenue in 2020.
“2020 was a challenging year for everyone, but it was also a year of unusual opportunity,” Jason Feifer, Entrepreneur editor-in-chief said. “Franchises were able to be nimble and innovative, serving the needs of franchisees and customers in ways that will resonate for many years to come. We believe that, when we eventually look back on this time, we’ll see it as a moment when many brands defined themselves for the future.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 42-year-old ranking formula continues to evolve as well. 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 42 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Fresh Coat Painters’ position on the ranking is a testament to its strength as a franchise opportunity.
To view Fresh Coat Painters in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2021 issue of Entrepreneur, available on newsstands January 26th.
About Entrepreneur Magazine
Entrepreneur Magazine is a national business publication based in Irvine, California. For nearly 40 years, Entrepreneur has been the definitive guide to all the diverse challenges of business ownership.
Published 12 times a year, the magazine is available by subscription and on newsstands in the United States and Canada, both in print and now a mobile app.