NewswireToday - /newswire/ - Toronto, Ontario, Canada, 01/08/2010 - BEVINCO was ranked 178 overall in this year’s Entrepreneur’s Franchise 500®, a significant improvement over last year’s 264 ranking. Additionally, BEVINCO was ranked as a top low-cost franchise (42); top home-based (51) and one of America’s top global.

BEVINCO, the global leader in profit control and revenue enhancement service for bars and restaurants, ranks as one of the top 200 franchise systems in the U.S. according to the January 2010 issue of Entrepreneur magazine.

BEVINCO (bevinco.com) was ranked 178 overall in this year’s Entrepreneur’s Franchise 500®, a significant improvement over last year’s 264 ranking. Additionally, BEVINCO was ranked as a top low-cost franchise (42); top home-based (51) and one of America’s top global franchises (140).

BEVINCO franchise sales have increased approximately 40% since 2008 and the company expects to continue and surpass that growth in 2010.

“We are very proud of our rankings this year,” said Barry Driedger, BEVINCO’s founder and president. “Moving up nearly 100 spots on the list shows how much we’ve invested into our business and our franchisees over the past year; a year when many franchisors were just trying to stay afloat.”
He adds “The BEVINCO franchise opportunity is more attractive than ever. Our goal and expectation is that we will double our Franchise network over the next few years, ensuring that ALL domestic and foreign markets have representatives in place to service the needs of our rapidly growing client base.”

This is the seventh year that BEVINCO (bevinco.com) has been listed on Entrepreneur’s Franchise 500®.

Entrepreneur’s Franchise 500® became a tradition with the magazine in 1980 when they created the first ranking of franchises in the industry. Over the years, the magazine has polished their ranking procedure to give them a formula that accurately identifies today’s top franchise opportunities.

The ranking criteria includes the following important factors: financial strength and stability, growth rate, size of the system, number of years in business, length of time franchising, start-up cost, litigation, percentage of terminations and whether the company provides financing. The magazine partnered with an independent CPA firm, which audited financial data from the franchises.

Agency / Source: BEVINCO

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