IMAGE Studios® ranks #97 on the 2020 Entrepreneur Top New Franchises List
Updated: Jun 12, 2020
IMAGE Studios was recently ranked in Entrepreneur magazine’s Top New Franchises list. This list recognizes the top 100 companies that have been franchising for five years or less, based on data submitted for Entrepreneur’s Franchise 500 ® ranking. IMAGE Studios, which began franchising in 2015, was ranked #97. “Nearly a quarter of the companies that applied for this year’s Franchise 500 ranking are relative newcomers—they've been franchising for five years or less,” says Jason Feifer, editor in chief of Entrepreneur. “That's an exciting thing to see in this industry. For people attracted to franchising's built-in systems and support, but who still want the thrill of growing something from the bottom up, there are many options to choose from.”
Entrepreneur’s 2020 Top New Franchises ranking was determined using the company’s Franchise 500 formula, which is a comprehensive evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. IMAGE Studio’s position on the ranking shows that it is off to a strong start on its franchising journey.
Results can also be seen in the April/May issue of Entrepreneur.
IMAGE Studios provides modern and luxurious salon suites to beauty professionals across the country. As the leader in salon suite franchising, the IMAGE brand is poised to grow tremendously over the next several years throughout the United States, with international expansions plans on the horizon.