Pinot’s Palette® Says Cheers to Highest Ranking in Entrepreneur’s 2016 Franchise 500®Adina Simpson
HOUSTON (January 28, 2016) – Pinot’s Palette, the fastest-growing paint and sip franchise chain in North America, is kicking off 2016 with its highest ranking in company history at #247 on Entrepreneur magazine’s Franchise 500 list. Published annually in the January issue of Entrepreneur, the iconic list ranks franchise concepts based on emerging trends and industries headed for growth in the coming year. The brand gained more than 200 spots on the list from its 2015 ranking.
The premium entertainment destination to “Paint. Drink. Have Fun. ®” celebrated a record year of franchise expansion in 2015 with 59 new studios added to the map. They finished the year with 156 locations open or in development and a 70% increase in system-wide gross sales.
“We are incredibly honored to have Pinot’s Palette recognized within such a respected and prestigious list such as Entrepreneur magazine’s Franchise 500,” said Craig Ceccanti, co-founder and CEO of Pinot’s Palette. “Our outstanding franchisees work extremely hard to represent the premium paint and sip experience that is taking the world by storm, and we have a great team to support them behind the scenes.”
The rapid embrace of Pinot’s Palette has driven demand for further expansion. The company projects to add another 75 studios in 2016.
Entrepreneur’s Franchise 500 is an annual ranking of the best franchises based on financial and statistical data listed in surveys completed by franchisors across the nation. All franchises are judged based on identical criteria regardless of size. A complete list of all recipients on Entrepreneur’s 37th Annual Franchise 500 is included in the January 2016 issue of Entrepreneur magazine, now on newsstands or online.
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 156 locations open or under development across 34 states and Canada, and new locations popping up monthly, Pinot’s Palette is the world’s fastest growing paint and sip franchise. 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 curates a unique, rewarding experience while providing a worthwhile contribution to the community. For more information, visit www.PinotsPalette.com.