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WEST PALM BEACH, FL, August 06, 2019 /24-7PressRelease/ -- Experimax, formerly known as Experimac, a franchise specializing in the sale of certified pre-owned devices, has been named to Entrepreneur magazine's Franchise 500®, and most recently to its Top 100 New Franchises list. Placement in these lists is a highly sought-after honor in the franchise industry and recognized as an invaluable resource for potential franchisees. The Franchise 500 ranks Experimax as 150th for its outstanding performance in areas including unit growth, financial strength and stability, and brand power. Experimax was ranked as 4th in the magazine's Top 100 New Franchise list.
"While the franchise business model has changed little, the strongest franchise brands are constantly evolving and innovating to keep up with changing trends and technology," says Jason Feifer, editor in chief of Entrepreneur.
The key factors that go into the evaluation of the Franchise 500 list include costs and fees, size and growth, support, brand strength, 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.
A member of the United Franchise Group of affiliated companies and brands, Experimax is a global brand with over 100 locations across the United States and in several other countries. Known as the innovators in technology sales and service, customers rely on the brand when looking to purchase pre-owned devices, as well as drones, electronic digital displays, and more. Experimax offers a thriving franchise model that capitalizes on multiple revenue streams, a vast customer base, and a specialization in a brand with high customer loyalty.
"Being recognized by Entrepreneur is a true honor because it is a direct reflection of the hard work and dedication all team members bring to the workplace each day," said Jim Muir, president of Experimax. "We believe in what we sell and do, and this is an indicator of success and we are extremely pleased to be recognized by this publication."
The Franchise 500 and its accompanying lists have become a dominant competitive measure for franchisors and a primary research tool for potential franchisees.
To view Experimax in the full ranking, visit www.entrepreneur.com/franchise500. To view Experimax in the Top 100 New Franchises, visit https://www.entrepreneur.com/franchises/topnew.
Experimax, formerly Experimac, specializes in the sale of certified pre-owned devices. Your local Experimax store can also repair, upgrade or buy your current device, and no appointment is necessary. Stores offer warranty programs, which takes the risk out of buying pre-owned. Experimax was founded by Jim Muir in 2009 and began franchising as one of United Franchise Group's affiliated companies and brands in 2014. Today, there are more than 100 locations across the globe. Experimax stores can be found in Australia, Mexico, Chile, South Africa, Nigeria, Canada, and Uruguay. For more information, visit www.experimax.com.
About United Franchise Group
Led by Founder and CEO Ray Titus, United Franchise Group is home to a variety of affiliated companies and brands, including Signarama, Fully Promoted, Experimax, Jon Smith Subs, Venture X, SuperGreen Solutions, Transworld Business Advisors, Accurate Franchising, Network Lead Exchange, and The Great Greek Mediterranean Grill. With more than three decades in the franchising industry, and 1,600 franchisees in 80 countries throughout the world, United Franchise Group offers unprecedented leadership and solid business opportunities for entrepreneurs.
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