SOURCE: FranNet

FranNet

August 24, 2011 15:56 ET

INC Magazine Lists FranNet as One of the Fastest Growing Companies in America

Franchise Consultancy Firm Posts Record Year and Contributes to Job Growth and Economic Recovery

LOUISVILLE, KY--(Marketwire - Aug 24, 2011) - INC Magazine recognized Louisville-based FranNet as one of the top 500 fastest growing companies in America.

FranNet shares the top 500 with an elite group of companies that includes Zappos, Under Armour, Microsoft, Pandora and Oracle.

FranNet posted three-year revenue growth of 792 percent and had 2010 revenue of $11.5 million.

"We see the down economy as an opportunity," said Jania Bailey, President of FranNet. "Our business is growing because the recession is fueling growth of new franchised businesses. People are turning to franchise ownership as a viable means to gain a stable future in uncertain times."

FranNet works with individuals transitioning from corporate careers to franchise ownership, helping each client research and select a franchise that is a good fit.

The company expects to help record numbers of corporate workers open over 500 new franchise businesses this year -- an achievement that helps the economy recover by creating jobs. To meet the increased demand, FranNet, which is a franchise company itself, has expanded the number of consultants nationally.

With over 3,000 franchise systems to choose from, FranNet offers valuable, free advice to those considering opening a franchise, often helping them learn about franchised businesses they may not know exist.

"Franchising is a lot more than french fries," said Bailey. "The franchise industry is diverse -- in today's market, service franchises and home-based franchises are doing really well. For many of our clients, the business of their dreams is a lot closer to reality than they might realize."

FranNet, which has been in business for over 25 years, has a reputation for being the top rated franchise consultancy firm in the franchise industry.

"We're game makers for many franchise systems," said Bailey. "Many successful franchise brands have trouble finding qualified and skilled franchise owners to expand. At the same time, our corporate clients don't know how to select the right franchises. We match the two together and the result is a steady stream of new business openings that create thousands of jobs."

Job creation is the answer to today's ailing economy and FranNet plans to continue helping the economy recover one job at a time.

For more information on FranNet, visit www.frannet.com.

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