LEXINGTON, Ky. — Class 101 recently ranked in Entrepreneur magazine’s Franchise 500, the world’s first, best and most comprehensive franchise ranking. Placement in the Franchise 500 is a highly sought-after honor in the franchise industry making it one of the company’s most competitive rankings ever.
Recognized as an invaluable resource for potential franchisees, the Franchise 500 ranks Class 101 as no. 441 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
“We are ecstatic about this current ranking in Entrepreneur magazine,” said Tom Pabin, president and founder of Class 101. “Our team has worked incredibly hard to build a successful company that helps students and families all over the country achieve their goal of attending college in an affordable manner. We are intensely proud of our work and so honored that our company has been recognized in this way.”
Class 101 currently has 45 franchises throughout the United States. Class 101’s statistics speak for themselves:
- Class 101 students, on average, apply to eight schools and earn $200,000 in scholarships and financial aid; while the typical high school student gets accepted into just two or three schools and earns $20,000 in scholarships and aid.
- Class 101 students improve their ACT scores by three points and their SAT scores by 170 points after working with a Class 101 professional.
- Class 101 has helped students to receive over $357 million in merit-based aid since its founding
“The 500 companies on this list all have something in common: They understand what consumers want now,” said Entrepreneur Editor in Chief Jason Feifer. “They may be an upstart in a brand-new category, or they may be a brand like Dunkin’ that’s ranked highly on our list for decades. But either way, making our list means they’re forward-thinking, nimble, and closely in touch with their customers’ needs—because in an ever-changing business environment, that’s what a franchise must do to thrive.”
The key factors that go into the evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order.
To view Class 101 in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2020 issue of Entrepreneur, available on newsstands Jan. 14.