Line-X Protective Coatings ranks in Entrepreneur Magazine’s 34th Annual Franchise 500
Line-X Protective Coatings
December 12, 2012
Filed under News
– LINE-X Earns Top Honors Twelve Years Running –
HUNTSVILLE, Ala., (Dec. 12, 2012) – LINE-X Protective Coatings, the nation’s leading developer and provider of high performance protective coatings, ranked #215 in Entrepreneur Magazine’s 34th Annual Franchise 500 report released in the publication’s January 2013 issue. This is the twelfth consecutive year LINE-X has been honored with this award. LINE-X also earned the number one spot in the “Miscellaneous Automotive Products and Services Franchise Category.”
“To be honored for over ten years running is truly an achievement for LINE-X Protective Coatings,” said Kevin Heronimus, LINE-X CEO. “As a company, we strive to provide a coordinated and comprehensive franchise start-up program that will lead our franchisees to succeed in their communities. By building on LINE-X’s established reputation as an industry leader, our franchise network continues to grow to support the various applications of our protective coatings.”
Entrepreneur Magazine is the nation’s leading monthly business publication annually recognizing top businesses for their achievements. The annual Franchise 500 rankings are the most comprehensive franchise rankings in the world. Operations of each franchise organization are judged based on a system of measurable variables of success. These variables include a myriad of important factors, including current financial strength and stability, existing growth rate, overall company size, total number of years in business, total number of years of franchising, startup and litigation costs for franchisee, percentage of terminations and whether the parent company provides financing. By totaling a collective score, the top 500 franchises with the highest cumulative scores rank in the Entrepreneur Magazine Franchise 500.
Over its 34 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for entrepreneurs. The January issue containing the ranking is a complete reference guide for entrepreneurs, revealing not only the companies listed according to their industry categories, but also information on conducting due diligence before buying a franchise, getting in on the latest trends and programs that help with starting a franchise.