TORONTO, ON, May 04, 2014 /24-7PressRelease/ -- According to the Small Business Administration, more than half of all U.S. businesses are based out of the owner's home. Of these home-based businesses, Tutor Doctor, a personalized one-on-one, in-home tutoring service franchise, was ranked as the no. 1 tutoring franchise in the home-based business category on the Top 100 Global Franchises list conducted by Franchise Direct, one of the world's leading portals for franchise and business opportunities. Overall, the tutoring franchise was ranked no. 73.
The Top 100 Global Franchises were selected among thousands of franchises that have invested in international expansion strategies. They were ranked using the following objective and measurable criteria.
- System size based on numbers of units
- Sales revenue for the system
- Stability and growth
- Number of years in operation
- Market expansion
The ranking was also based on the implementation of best practices regarding franchisee support and training, environmental policy and social responsibility.
"Our franchise system has experienced tremendous growth internationally over the years, and the Franchise Direct ranking is a testament to the strength of our brand," said Frank Milner, President of Tutor Doctor. "Our aggressive expansion coincides with the growth of the private tutoring sector which is expected to exceed 100 billion by 2017. Private tutoring was also recently listed as one of the top 16 industries worldwide for starting a new business with the growth rate increasing by 7 percent last year; needless to say, our business is not slowing down any time soon."
Given the present economy, consideration was also given to the availability of financing to franchisees, and whether franchisees leveraged direct, SBA approved or third party financing. The information was gathered from Franchise Disclosure Documents (FDDs), email surveys, telephone interviews and published industry sources.
Each franchise in The Top 100 Global Franchises has excelled at international expansion, investing time and resources to acquire linguistic capabilities while factoring in cultural sensitivities. Due to globalization and the dismantling of trade barriers, franchises have achieved better economies of scale which allow them to grow and develop in foreign markets.
In this way, The Top 100 Global Franchises are role models for early stage franchises and provide a blueprint for 'early-stage' franchises who are looking further to expand beyond domestic borders. All of the franchises in the Top 100 share a defined identity, clear business plan, commitment to training and support, ability to innovate and sensitivity to environmental issues.
For more information on Tutor Doctor, please visit http://www.tutordoctor.com.
About Tutor Doctor
Tutor Doctor was founded in 2000 as an alternative to the "one-to-many" teaching model most extra-curricular learning centers offer by providing a personalized one-on-one, in-home tutoring service to students. The company quickly grew and in 2003 turned to franchising as a way of expanding the company's impact and meeting the vast market demand. Now with offices internationally in Canada, the United States, Africa, Latin America, the United Kingdom and the Middle East, the Tutor Doctor vision is becoming a reality as the lives of students and their families are being positively impacted throughout the world. With over 400 franchised territories worldwide, Tutor Doctor was listed by Entrepreneur Magazine as one of the fastest growing franchise brands. For more information about Tutor Doctor visit the web site at http://www.tutordoctor.com.
# # #