Color Glo International® Ranked On Franchise Times Top 500 U.S.-Based Franchise Systems
Color Glo International ranks No. 111 out of 500 on the Franchise Times Top 500 2022.
“Combined overall growth of 20.5 percent for the Top 500 resulted in a record sales total of $769 billion, as major restaurant brands such as Mcdonald’s, KFC, and Burger King all rebounded in 2021 and then some after posting declines of as much as 12.6 percent in 2020,” said Michaels. “Color Glo International is proud to rank so prestigiously at No. 111 on this national ranking, offering our franchisees a turn-key business solution for their family”. ”
About Franchise Times
Franchise Times Top 500 ranks the industry’s biggest brands Annual ranking shows rebound across franchise segments.
The Franchise Times Top 500 is an exclusive annual ranking of the 500 largest U.S.-based franchise systems by global systemwide sales. The project is the result of a five-month research and reporting effort that leads to the most credible and objective franchise ranking available said Franchise Times Editor-in-Chief Laura Michaels. The collection of systemwide sales data also provides useful insight into the franchise industry’s performance coming out of the COVID-19 pandemic. Every segment gained ground in 2021, with some getting back to or even surpassing 2019 sales while others still have work to do.
The home services, automotive, and cleaning franchise industries all saw percentage sales growth in the double digits last year, while retailers posted a 5.2 percent increase as stores reopened. Used goods retailers saw major growth, with Uptown Cheapskate up 62.6 percent and Once Upon a Child up 34.9 percent.
“Recovery didn’t treat all brands equally, however. In the fitness segment, system sales at Orangetheory Fitness declined 12.5 percent, a drop of more than $140 million,” continued Michaels. “Franchises in the red will have some explaining to do, especially if competitors in their category turned in standout performances.”
ABOUT THE FRANCHISE TIMES TOP 500 The Franchise Times Top 500 is the only ranking by systemwide sales and units of the largest 500 U.S.-based franchise brands. Published in the October issue and available in a searchable database online, the Franchise Times Top 500 also analyzes industry sectors based on percentage change in sales growth, reports the 10 fastest-growing franchises by four different measures, and includes exclusive news stories about the biggest names in franchising. The rankings and full report, and the searchable online database, are available at www.franchisetimes.com/top-5002022.
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