9Round Franchising Named A “Top Growth Franchise” By Entrepreneur Magazine
Posted: September 17, 2020 in Chains
9Round: 30 Min Kickbox Fitness
GREENVILLE, S.C. – 9Round Franchising was recently ranked in Entrepreneur Magazine’s first Top Growth Franchises list. This list recognizes the 150 companies with the greatest positive franchise unit growth in North America over a three-year period, based on data submitted for Entrepreneur’s Franchise 500 ranking. Thanks to its exceptional growth, 9Round was ranked #22.
“Despite the challenges COVID-19 has presented this year, we are far from done when it comes to expansion,” said Shannon Hudson, Founder and CEO of 9Round. “As we head into 2021 we are laser-focused on cultivating and enhancing the brand to meet the changing needs of our customers always with the ultimate goal to help people become ‘stronger in 30 minutes.’”
“By maintaining steady, sustained growth over several years, these franchises have demonstrated that they have the systems in place to support their franchisees and help them become successful,” says Jason Feifer, Entrepreneur’s editor-in-chief. “Now as these and other companies around the country face unprecedented challenges, they may see their growth slow, but that record of success could prove more important than ever.”
To determine the 2020 Top Growth Franchises ranking, Entrepreneur looked at each company’s U.S. and Canadian franchise numbers over a three-year period (from July 2016 to July 2019; given the rapid changes, COVID-19 impacts weren’t taken into account). In order to qualify, companies had to have positive growth of at least five units each year. They were ranked based on a formula that considers their total positive U.S. and Canadian franchise growth over the three years as well as factors that negatively affect growth, such as terminations, nonrenewals, and other closures.
To view 9Round in the full ranking, visit https://entrepreneur.com/franchises/topgrowth. Results can also be seen in the September issue of Entrepreneur, on sale September 1st.
