For Immediate Release
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Mary Lindsaye Boyd [email protected] 919.459.8160
Scooter’s Coffee Ranked a Top Franchise in Entrepreneur’s Highly Competitive 41st Annual Franchise 500
Quickly-Growing Coffee Franchise Increases Ranking over 200 Spots
OMAHA, Neb. (January 22, 2020) – Scooter’s Coffee, LLC, the rapidly-expanding drive-thru coffee franchise, has recently been recognized in Entrepreneur magazine’s 41st annual Franchise 500®, the first, best, and most comprehensive franchise ranking. Placement in the Franchise 500 is a highly sought-after accomplishment, as evidenced by the over 1,100 applications received this year, demonstrating how the franchise industry is more competitive than ever.
Recognized as an invaluable resource for potential franchisees, the Franchise 500 ranks Scooter’s Coffee as 225th for its outstanding performance in areas including unit growth, financial strength and stability, and brand power. With this ranking, Scooter’s Coffee shot up 235 spots from 2019’s ranking.
“We are incredibly proud of our growth, and we hope to carry this momentum into the future as we continue to expand,” said Tim Arpin, Vice President of Franchise Sales of Scooter’s Coffee. “I attribute our success to our unique focus on culture as well as our ability to foster and support emerging franchises.”
The Franchise 500 collects more than 150 data points on applicants across the five key factors of brand strength, support, costs and fees, size and growth, and financial strength and stability. The applicants with the highest cumulative scores become the Franchise 500 in ranking order.
“The 500 companies on the list all have something in common: They understand what consumers want now,” says Entrepreneur Editor-in-Chief Jason Feifer. “They may be an upstart in a brand-new category, or a brand that’s ranked highly on our list for decades. Either way, making our list means they’re a forward-thinking company, nimble, and closely in touch with their customers’ needs — because, in an ever-changing business environment, that’s what a franchise must do to thrive.”
Over its 41 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a research tool for potential franchisees. Scooter’s Coffee’s position on the ranking is a testament to its strength as a franchise opportunity. With over 200 locations across 14 states and a new relationship with KeyBank, Scooter’s Coffee is just beginning the strategic growth journey.
To view Scooter’s Coffee in the full ranking, visit https://www.entrepreneur.com/franchise500/2020.
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