Do you hear the buzz? It's coming from our nearly 2,800 salons across North America because Great Clips ranks 20th out of 300 AllBusiness.com Franchise AllStars for 2010. Great Clips ranked first in the haircare category.
That comes as no surprise to Rieva Lesonsky, CEO of GrowBiz Media and small business expert for AllBusiness.com. "As consumers watch their pennies, they are turning to hair salons like Great Clips."
Lesonsky is a former editor of Entrepreneur magazine, which up until last year was the only franchise industry source to present a ranking. Now it seems AllBusiness is getting much of the attention thanks in part to their owner Dun and Bradstreet bringing them a great deal of credibility.
The criteria AllBusiness used to rank its winners are drawing praise, too: franchise unit growth rate, financial strength, system size, years in business, years franchising, availability of financing, and Web (brand) visibility.
‘We (AllBusiness.com) believe our list is the most transparent and interactive ranking of its kind, the only such ranking that lets would-be franchisees sort and surface information that's the most important to them such as financial strength and company growth. It is also the only list that draws upon the in-depth financial analysis of our parent company, Dun and Bradstreet."
Hear, hear.
When you consider that we just recorded our 20th consecutive quarter of same- store-sales growth and that the Franchise Update Media Group named our www.greatclipsfranchise.com Web site as best in the industry, our AllBusiness ranking comes a no surprise to us either.
But, we're still humbled, excited and grateful for the recognition.
