Pinot’s Palette is Honored with Entrepreneur Magazine Franchise 500 List RankingPinot's Palette
(HOUSTON) January 17, 2019 – Pinot’s Palette, a pioneer in the paint and sip experience, ranks among the best franchise opportunities in the nation, according to Entrepreneur Magazine.
Pinot’s Palette, the fastest-growing franchise in the creative entertainment industry, is listed 208th on the prestigious Franchise 500®, the most comprehensive franchise ranking in the world. It is the sixth straight year Pinot’s Palette has been named to the list.
Entrepreneur Magazine considers unit growth, financial strength, stability, and brand power when ranking companies on the extremely competitive list.
Pinot’s Palette added 15 new paint and sip studios to the system in 2018, finishing the year with 142 locations open or signed and a nearly 10 percent increase in system-wide gross sales.
“Pinot’s Palette is thrilled to once again be recognized by Entrepreneur’s Franchise 500 as one of the top franchise opportunities in the nation,” said Craig Ceccanti Co-Founder and CEO. “We are proud of what we have achieved as a leader in the creative entertainment industry.”
The Franchise 500 is a highly sought-after honor in the franchise industry and is recognized as an invaluable resource for potential franchisees. Entrepreneur received more than 1,000 applications this year, making it one of the company’s most competitive rankings ever.
“As we celebrate 40 years of producing the Franchise 500, it’s a good opportunity to step back and look at how much has changed since that first ranking in 1980,” says Jason Feifer, Editor-in-Chief of Entrepreneur. “While the franchise business model has changed little, the strongest franchise brands are constantly evolving and innovating to keep up with changing trends and technology.”
The 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 40 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Pinot’s Palette’s position on the ranking is a testament to its strength as a franchise opportunity in the paint and sip industry.
To view Pinot’s Palette in the full ranking, visit http://www.entrepreneur.com/franchise500.
About Pinot’s Palette
Pinot’s Palette is a pioneer of the paint and sip experience – a revolutionary way to enjoy art and wine, meet new people and bond with friends. With 142 locations across the United States and Canada, Pinot’s Palette is the world’s fastest growing franchise in the creative entertainment industry. Guests enjoy a no-experience-required art class – all supplies included – directed by trained, local artists, who guide guests step-by-step through a featured painting. By bringing fun, modern and creative ideas to their events, Pinot’s Palette creates a unique, rewarding experience while providing a worthwhile contribution to the community. For more information, visit http://www.pinotspalette.com