(VeteransFranchise.com) - By . Updated Jan 14, 2014
Let’s YO! Ranks Among Franchise Elite in Entrepreneur’s Franchise 500®
Futuristic Frozen Yogurt Concept Makes Esteemed 35th Annual Franchise 500® List; Ranks No. 385 on First-Ever Appearance
COLTS NECK, N.J. – Let’s YO! Yogurt, a frozen yogurt chain built around the social consumer experience, has recently announced that the growing franchise has ranked No. 385 on its first appearance in Entrepreneur magazine’s 35th Annual Franchise 500® list, the world’s first, best and most comprehensive franchise ranking.
Throughout its 35 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for entrepreneurs. Let’s YO!’s position on the list reinforces its strong presence in the industry.
Eric Casaburi, founder and CEO of Let’s YO!, stated, “Just a few years since our inception, Let’s YO! has already landed in the top two-thirds ranking of the prestigious Franchise 500 list, and we couldn’t be more proud. This ranking is a testament to the hard work and dedication of our employees, franchise owners and corporate executives.”
The rankings for all 500 companies are determined using an exclusive formula that takes into account objective and quantifiable factors, with the most important factors being financial strength and stability, growth rate, and size of the system. After all the financial data is analyzed by an independent CPA, all franchises are given a cumulative score. The 500 franchises with the highest scores become the Franchise 500 in ranking order.
“Compiling the Franchise 500 every year gives us the opportunity to share data-driven insights, reflect on areas seeing progress, and acknowledge the companies that have risen to the top,” says Amy Cosper, VP and editor in chief of Entrepreneur. “Franchises play an important part in economic growth, and the names in the ranking are leading the way with their continued and emerging business success.”
Let’s YO! has more than 30 locations in operation across the eastern half of the country, with 50 additional units slated to open along the East Coast within the next year. Let’s YO!’s well-managed development strategy has allowed the company to grow rapidly through both single- and multi-unit investors, who have a tenacity for entrepreneurship and want to join a franchise in its beginning stages of growth.
To view Let’s YO! in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January issue of Entrepreneur magazine.
For more information about Let’s YO!, visit the company’s Entrepreneur profile at http://www.entrepreneur.com/franchises/letsyo/334114-0.html or company site at http://www.letsyoyogurt.com/.
About Let’s YO! Yogurt
Founded in 2011 by entrepreneur Eric Casaburi, Let’s YO! Yogurt is a frozen yogurt shop built around the social consumer experience –complete with iPads embedded into tables for consumer use. Each location features a sleek, sophisticated futuristic design, providing a high-tech atmosphere for customers. A healthy dessert alternative, Let’s YO! offers a superior product offering with more than 80 lines of puréed yogurt options to choose from, along with leading brands such as Bear Naked and Kashi. Let’s YO! Yogurt has more than 30 locations in operation, with 50 additional units slated to open throughout the East Coast within the next year. Through its well-managed development strategy, the company’s current expansion plans are primarily focused in the New York and New Jersey markets. For more information on franchising opportunities, please visit www.letsyoyogurt.com or email franchising@letsyoyogurt.com.
###
