Sarasota, FL, January 10, 2017 (Newswire.com) - Local entrepreneur Jim Abrams makes Entrepreneur’s Franchise 500 list with his fourth national brand, FYZICAL Therapy & Balance Centers. FYZICAL has grown to 192+ locations in 35 states in just 3 years as a unit of BizZoom, a private-equity firm Abrams founded in 2012 headquartered in downtown Sarasota, FL. Abrams made his mark locally in the home services field, where he built a $200 million company in 10 years. Abrams previously ran Clockwork Home Services, which grew into one of the largest privately owned firms in Sarasota-Bradenton under his leadership, with $215 million in annual sales at its peak in 2008. Toronto-based Direct Energy bought Clockwork in July 2010 for $183 million.
FYZICAL was recently ranked in Entrepreneur magazine’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. Recognized by entrepreneurs and franchisors as a top competitive tool of measurement, the Franchise 500® places FYZICAL as #367 for its exceptional performance in areas including financial strength and stability, growth rate, and brand power.
"It's an honor to be recognized by Entrepreneur in the Franchise 500. FYZICAL franchisees are the real superstars. They are making miracles happen each and every day, helping patients love their lives providing services focused on quality outcomes, total well-being, and prevention."
Matt DiMauro, Senior VP, Sales & Marketing - BizZoom
“It’s an honor to be recognized by Entrepreneur in the Franchise 500. FYZICAL franchisees are the real superstars. They are making miracles happen each and every day, helping patients love their lives providing services focused on quality outcomes, total well-being, and prevention.”
– Matt DiMauro, Senior VP, Sales & Marketing – BizZoom.
Sarasota-based BizZoom was founded in 2012 by local entrepreneurs Jim Abrams and Terry Nicholson. Their mission is to launch transforming companies, focusing on the small business entrepreneur with a proven business model and strong growth ambitions. FYZICAL was the first organization launched by BizZoom in 2013, and they have recently launched Praxis S-10 / PriceFixer, a success college for HVAC contractors tied together with the franchise brand PriceFixer, which in 2016 became the fastest growing franchise in history, adding over 110 locations within 3 months of launch. BizZoom has plans on launching their 3rd national brand in 2017, and will look to add 1-2 brands each year moving forward.
“In order to reflect the evolving business world at large, we at Entrepreneur continue to evolve our annual ranking, too,” says Ryan Shea, president of Entrepreneur. “We’ve developed new ways to measure and analyze our collected data as new critical data points come into play. We take into account pertinent factors such as social media presence and financing availability, which have become increasingly important in today’s economy. The result is a more complete and relevant Franchise 500® that can serve as a valuable resource for our readers.”
The key factors that go into Entrepreneur’s evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
Over its 38 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for entrepreneurs. FYZICAL’s position on the ranking reinforces its strength in the industry.
To view FYZICAL in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February issue of Entrepreneur available now on newsstands.
FYZICAL is the world’s fastest growing healthcare franchise. FYZICAL provides proprietary knowledge, programs, and plans to assure success in operating a physical therapy business in today’s healthcare world, effecting real change by servicing a major unmet need in the patient population allowing independent business owners (financiers, PTs, Audiologists and Otolaryngologists) to experience emotional and financial rewards in the process. FYZICAL… Spelled Different Because We Are Different! Discover more at www.FYZICALfranchise.com.