Color Glo International® Ranked 88/400 In Franchise Times
Color Glo International has ranked in the 88th position out of 400 in Franchise Times Top 400. This ranks Color Glo 16 positions better than the previous year’s ranking.
“The Franchise Times Top 400 is one of the most comprehensive rankings of the top 400 largest U.S franchise systems. We’re elated to once again, not only rank, but improve our ranking for our franchisees.”
Franchise Times Methodology
The Franchise Times Top 400 is an annual ranking of the 400 largest franchise systems in the United States by global systemwide sales, based on the previous year’s performance.
In a five-month research process and building upon a database that began in 1999, their research team uses a combination of companies’ voluntary reports and publicly available data, including the franchises’ most recent franchise disclosure documents and Securities and Exchange Commission filings.
The Franchise Times research team spends months compiling information for the rankings, the five-year sales history graphs, Top 10 lists, and industry subcategories, and then reconciling to ensure all published data is accurate and all estimates are based on a solid sales formula.
The Research Process
They began in late April with their first email and a Top 400 survey, which contains contacts from a wide range of databases dating back to 1999.
They then entered all the survey information into their database, and during that process, they update their records with any changes to ownership, top executives, addresses, etc.
They verify that survey information is being reported accurately by reconciling sales, units, and unit volumes to prior years from our database. If any discrepancies are found we contact the person who completed the survey to verify the information submitted is correct.
To qualify, a company must be a legal U.S. franchise. Franchisees must own at least 15 percent of the company’s total units. The company must also be based in the United States, or have at least 10 percent of its total units in the United States.
Systemwide sales are defined as the total sales for both franchise and company units. Those sales figures should represent sales to customers, and not corporate sales to franchisees or prospective franchisees, such as royalty revenue or franchise fees.
If two companies reported the same systemwide sales, the higher ranking is given to the company with the most units. Preference is also given to companies that voluntarily report their systemwide sales, rather than those companies for which sales figures must be estimated.
About Color Glo International
Color Glo International is the World Leader in the restoration and repair of leather, vinyl, velour, cloth, and hard plastics commonly found in the markets of Automotive, Aircraft, Marine, and Furniture. Formally incorporated in 1975 Color Glo began franchising in 1982. Today in hundreds of markets throughout the world. Color Glo products are proven every day to offer the correct results and best value every time they are put to the test.
Contact
Mandi Brandon
mandi@colorglo.com