(January 2017) – Monkee’s is honored to make its debut on the Entrepreneur Franchise 500, ranked at #357. The Franchise 500® is the world’s first, best and most comprehensive franchise ranking – recognized by entrepreneurs and franchisors as a top competitive tool of measurement. The listing spotlights the exceptional performance of Monkee’s in areas including financial strength and stability, growth rate, and brand power.
“It comes with great honor to selected by Entrepreneur Magazine as one of the top 500 franchises,” said DeeDee Shaw, Founder, and Co-CEO of Monkee’s. “Monkee’s has a wonderful group of owners that work diligently in creating and maintaining their stores and the Monkee’s brand.
Since opening the first store in 1995, Monkee’s has been offering women an upscale buying experience in a small boutique setting selling designer clothes, shoes, and accessories.
The store began franchising in 2011, and has seen tremendous growth since, expanding the one-store idea into 25 franchise locations across the southeast.
“Our corporate team has done an amazing job of directing and facilitating all aspects of our operation and growth,” said Brenda Maready, Co-CEO of Monkee’s. “We also want to recognize our franchisees for their dedication and hard work in establishing the Monkee’s brand. It has been a group effort and we are so proud to be included in Entrepreneur’s Franchise 500 list.”
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 38 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for entrepreneurs. Monkee’s position on the ranking reinforces its strength in the industry.
To see more information, view the Monkee’s profile on the Entrepreneur website. You can also learn more about the franchise by visiting shopmonkees.com.