ENTREPRENEUR MAGAZINE RANKS BIGGBY ON TOP FRANCHISE LIST AGAIN
Posted on January 8, 2013
ENTREPRENEUR MAGAZINE RANKS BIGGBY ON TOP FRANCHISE LIST AGAIN
Company comes in at number 201, up 68 spots from previous year
EAST LANSING, Mich., Dec. 22, 2012 – Michigan-based BIGGBY COFFEE has done it again and this time BIGG-er than ever before! The gourmet coffee company moved up 68 spots on Entrepreneur Magazine’s Franchise 500 Report, coming in at number 201! This is the third consecutive year BIGGBY has made the list, with this being the company’s best ranking to date.
“It’s an honor to be part of the report three years running, but it’s an even greater feeling to see the jump in rankings over the past year,” Bob Fish, BIGGBY CEO and co-founder said. “We have built our success on a proven concept and have a great team of franchisees that execute it daily, not to mention the greatest customers.”
According to the Entrepreneur Magazine, the report analyzes franchised companies regardless of size, and judges them on factors such as, financial strength and stability, growth rate, and size of system. The number of years a company has been in business and the length of time it has been franchising, is also considered along with startup costs, litigation, and more. Financial data is then analyzed before plugged into a formula, where each company receives a cumulative score that ranks them 1-500.
In the report, which includes all types of franchised concepts from fast food to child care, to automotive and pet grooming, BIGGBY ranked second among coffee shops overall, and above four other coffee concepts included on the report, such as Scooter’s Coffee and Yogurt, Maui Wowi Hawaiian Coffees and Smoothies, Dunn Brothers Coffee and The Human Bean Drive Thru.
“Recognition like this is very rewarding and as the year comes to an end, I’m looking forward to what’s ahead and how we can continue to improve as a system,” Fish said. “By keeping our core values front and center, and executing with energy, excitement, and enthusiasm, our success can only continue.”
To read Entrepreneur Magazine’s report, visit: http://www.entrepreneur.com/franchise500/index.html
About BIGGBY COFFEE®
East Lansing, Mich.-based BIGGBY® COFFEE opened a single store in March of 1995 based on the founding principle that coffee-lovers and the coffee-curious alike would benefit from a less pretentious approach to the standard gourmet café paradigm. BIGGBY COFFEE introduced connoisseur-worthy drinks with pronounceable names like Teddy Bear and Caramel Marvel, and barista staff surprised guests with simple gestures like free kazoos and bouncy balls for no other reason than to brighten their day. The “Big ‘B’" on the orange background caught on, and today BIGGBY COFFEE has 163 cafes open or under contract across nine states including: Michigan, Ohio, Illinois, Indiana, South Carolina, Wisconsin, Florida, and Texas. For more information, visit biggby.com.
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