FranchiseWorks.com | Hydraulic Hose Repair Franchise PIRTEK
'S Entrepreneur Magazine Franchise
500 Ranking Up in 2010.
Entrepreneur Magazine January 2010 Franchise
500 Edition is now out on newsstands. PIRTEK
is pleased to announce their 2010 ranking has increased from 337 in 2009 to 266 in 2010.
"Quite frankly, I was amazed at our placement given what a tough year it has been for franchise development
" says Gwyn O'Kane, Vice President of Franchise Development for PIRTEK USA
. "Especially when you consider we were up against franchising
legends including McDonalds
The Franchise 500 list is considered the world's first, best and most comprehensive franchise ranking
. Entrepreneur Magazine has a "top secret" formula for ranking franchise companies
and it is considered an accomplishment to be recognized at any position within the top 500 when you appreciate that there are over 2500 franchise systems
in the US.
In a letter that came with PIRTEK's ranking certificate, Amy Cosper, VP, Editor in Chief, wrote "it's been an exciting and challenging year for franchising
and 2010 marks a new beginning". The "challenge" is certainly apparent when you scan the statistics of each of the companies listed in the top 500 and review the changes in number of franchise
units from 2008 to 2009. Increases in unit numbers are apparently stagnant with little to no increases for many and record numbers of reductions in unit numbers by many big names in the franchise industry.
"When you combine these statistics with the fact that the franchise candidate pool has significantly decreased due to the drop in personal Net Worth of most candidates and the fact that it has become increasingly difficult to help franchise owners
in securing finance, it is no wonder that 2009 reflects the way it does in the 2010 Franchise 500 edition," says O'Kane.
"It's not just about survival of the fittest"
The good news is that many of PIRTEK franchise
owners have done an excellent job this past year of further diversifying their customer base which is already paying dividends and will continue to pay as the economy starts to bounce back. "It's not just about survival of the fittest," says O'Kane, "it's about the fittest also sowing the seeds for success in the future, as it is the fittest who will be the industry leaders as we come out the other side of this recession".
This is why PIRTEK
is Number 1 in the World for On-Site Hydraulic Hose Replacement
"I believe 2010 is going to be a great year because we are starting to see business picking up. Ground is being broken on those shovel ready jobs, stimulus money is being spent and budgets are starting to open up again after a year of being slammed shut. I believe that in 2010 we will be able to worry less about survival and spend more time focused on growth. 2010 will be the year that we start seeing increases in franchise unit numbers once again" says O'Kane.
About PIRTEK USA
Founded in 1996, Rockledge, Florida-based PIRTEK USA is the world's leading service provider of ETA 1 Hour On-Site Hose Replacement. PIRTEK offers a 24 hour, 7 day service that serves almost every facet of industry including construction, manufacturing, transportation, agriculture and engineering among others. When an equipment breakdown occurs, it often results in costly delays in time and labor before the proper replacement hose is located and installed but PIRTEK vans carry the component parts necessary to manufacture hose assemblies on site. Hose and fittings can also be purchased over-the-counter at PIRTEK's national network of service centers that serve as home bases to its mobile fleet. PIRTEK has locations in seven of the 10 most populous markets in the country, including Chicago, Los Angeles, Philadelphia, Phoenix, San Diego, Dallas and Detroit. Projections call for the opening of increasing numbers of service centers each year for it is estimated the United States could support 400 PIRTEK locations.
If you would like more information about owning a Hydraulic Hose Repair franchise
, go to www.franchiseworks.com
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