Pinot’s Palette Makes Prestigious Entrepreneur Franchise 500 ListPinot's Palette
Nation’s Fastest-Growing Paint and Sip Franchise Rises to 178th
(HOUSTON) January 2018 – For the fifth consecutive year, Pinot’s Palette, a pioneer in the paint and sip experience, ranks among the best in Entrepreneur Magazine’s Franchise 500®, the world’s first and most comprehensive franchise ranking.
Pinot’s Palette, the nation’s fastest-growing franchise in the creative entertainment industry, ranks 178th — the highest ranking on the prestigious list for the paint and sip franchise to date. The company’s growth, financial strength, stability, and brand power are used by Entrepreneur Magazine to determine placement on the list.
Pinot’s Palette celebrates another year of explosive growth with 33 new paint and sip studios added to the system, finishing the year with 159 locations open or signed and a nearly 16 percent increase in system-wide gross sales.
Placement in the Franchise 500 is a highly sought-after honor in the franchise industry and is recognized as an invaluable resource for potential franchisees. Entrepreneur received more than 1,000 applications this year, making it one of the company’s most competitive rankings ever.
“Pinot’s Palette is proud to be included in Entrepreneur’s Franchise 500 for the fifth consecutive year,” said Craig Ceccanti Co-Founder and CEO. “We work hard to be the leader in the paint and sip franchise category. We are grateful for the dedication of our franchisees which will continue to fuel our company’s growth in the creative entertainment industry.”
“This year’s Franchise 500 ranking features both up-and-comers who bring fresh ideas to an ever-changing industry, as well as savvy stalwarts that have thrived for decades. We are proud to highlight and celebrate them all,” says Jason Feifer, Editor-in-Chief of Entrepreneur. “Our results show that the industry is strong — and that the most enduring franchisors are those who learn to balance innovation with reliability. That’s how to attract new customers while keeping the old ones happy.”
The key factors that go into Entrepreneur’s evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order.
Over its 39 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Pinot’s Palette’s position on the ranking is a testament to its strength as a franchise opportunity in the paint and sip industry.
To view Pinot’s Palette in the full ranking, visit www.entrepreneur.com/franchise500.
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 159 locations across the United States and Canada, Pinot’s Palette is the world’s fastest growing franchise in the creative entertainment industry. 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 creates a unique, rewarding experience while providing a worthwhile contribution to the community.
For more information, visit http://www.pinotspalette.com