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BEVINCO Ranked One Of Nation's Top Franchise
Systems By Entrepreneur Magazine.
(Toronto, ON) - BEVINCO franchise
, the global leader in profit control and revenue enhancement service for bars and restaurants
, ranks as one of the top 200 franchise
systems in the U.S. according to the January 2010 issue of Entrepreneur magazine.
BEVINCO was ranked 178 overall in this year’s Entrepreneur’s Franchise 500®, a significant improvement over last year’s 264 ranking. Additionally, BEVINCO was ranked as a top low-cost franchise
(42); top home-based franchise
(51) and one of America’s top global franchises
BEVINCO franchise sales have increased approximately 40% since 2008 and the company expects to continue that growth in 2009. Bevinco sold 33 territories in 2009 and the company expects to surpass this number in 2010.
“We are very proud of our rankings this year,” said Barry Driedger, BEVINCO’s founder and president. “Moving up nearly 100 spots on the list shows how much we invested into our business and our franchisees over the past year; a year when many franchisors were just trying to stay afloat.”
Entrepreneur’s Franchise 500® became a tradition with the magazine in 1980 when they created the first ranking of franchises
in the industry. Over the years, the magazine has polished their ranking procedure to give them a formula that accurately identifies today’s top franchise opportunities
The ranking criteria includes the following important factors: financial strength and stability, growth rate, size of the system, number of years in business, length of time franchising
, start-up cost, litigation, percentage of terminations and whether the company provides financing. The magazine partnered with an independent CPA firm, which audited financial data from the franchises.
BEVINCO is an independent profit control and revenue enhancement service for bars and restaurants
with global headquarters in Toronto, Ontario, Canada. The BEVINCO brand is recognized in over 30 countries as the world’s largest profit control solution for bars and eateries encompassing all segments of the hospitality industry including independently owned bars and nightclubs, major restaurant chains and hotel chains. With BEVINCO’s proprietary software along with the latest in computer and inventory control technology, bar and restaurant owners are provided with cutting-edge management solutions in order to more effectively run their businesses.
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