ORLANDO, Fla., Jan. 16, 2018 (GLOBE NEWSWIRE) — uBreakiFix 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, as evidenced by the fact that Entrepreneur received more than 1,000 applications this year, making it one of the publication’s most competitive rankings ever.
Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranks uBreakiFix as #18 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power. Over the past three years, uBreakiFix has moved from #499 in 2016, to #93 in 2017, to #18 overall in 2018 and #1 in the Electronics Repair category. On the overall list, uBreakiFix also ranks highest among companies that began franchising within the last five years.
“We’re honored to rank #18 on this year’s Franchise 500® list and to be named #1 in our category,” said Justin Wetherill, president and co-founder of uBreakiFix. “Since we first made the list in 2016 at #499, we have added nearly 200 locations across the U.S. and Canada and entered into partnerships with some of the biggest names in our industry. We believe this ranking is a byproduct of doing things the right way for our customers, franchisees, and team members.”
“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.”
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.
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 franchisees. uBreakiFix’s position on the ranking is a testament to its strength as a franchise opportunity.
To view uBreakiFix in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February issue of Entrepreneur, available on newsstands January 16th. To learn more about franchise opportunities with uBreakiFix, visit www.ubreakifix.com/franchising.
Founded in 2009, uBreakiFix specializes in the repair of small electronics, ranging from smartphones, game consoles, tablets, computers, and everything in between. Cracked screens, water damage, software issues, camera issues, and most any other problem can be repaired by visiting uBreakiFix stores across the U.S. and in Canada. For more information, visit ubreakifix.com.