The tanning industry always had a certain insular vibe to it. Most people who do not work in the industry do not go out of their way to pay attention to what goes on in our industry—behind the scenes or otherwise. However, there are always moments where salon excellence gets mainstream news attention.
Recently, Entrepreneur Magazine named Glo Tanning as one of the Top New & Emerging Franchises. Glo ranked at #53, making it one of the only (if not the only) franchises in the industry to receive this distinction.
The Top Franchise Selection Process
You might be wondering what it takes to make the cut. In order for a franchise to obtain a ranking on Entrepreneur’s list of New & Emerging Franchises, you don’t have to be a new business. Rather, you have to be franchising for under five years’ time.
There’s also more to it. According to Entrepreneur Magazine itself…
“The companies on this list are ranked based on the scores they received in our Franchise 500 evaluation, which analyzes more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.”
In other words, the franchises on this list have been vetted by the staff at the magazine to determine how promising they are. And despite there being over 150 different measurements taken into account, Glo Tanning managed to make it into the Top 100.
A Growing Institution
It’s no secret that Glo Tanning has been making major waves in the world of tanning. It’s become one of the fastest-growing franchises in the nation. In fact, Glo Tanning recently broke its own record when it came to the sheer number of new stores being opened in a single year.
The company is slated to open over 40 stores over the course of the current year, with demand spreading to more and more states. Though the franchise is mostly based in the South and Midwest regions, a growing number of franchisees are showing interest in opening up shops up North.
Congratulations To Glo!
As a member of the tanning industry, it’s always refreshing to see a company get the recognition it deserves. Glo Tanning has become an excellent example of what great work, inspired leadership, and team efforts can do. Congratulations, Glo!
