Painting with a Twist Leads Paint and Sip Category in Entrepreneur Magazine’s 38th Annual Franchise 500®
Company Ranked No. 1 Paint and Sip Franchise for Fourth Consecutive
Year
MANDEVILLE, La.–(BUSINESS WIRE)–Painting
with a Twist, America’s original and largest paint and sip
franchise, reinforces its status as the nation’s top franchise in the
industry by its ranking in Entrepreneur magazine’s 38th
Annual Franchise 500® edition as the No. 1 Paint and Sip Studio for the
fourth year in a row. The ranking is revealed less than one week after
the company’s appearance on CBS’s hit series, “Undercover Boss,” further
propelling the popularity of the brand.
Each year, the Franchise 500 acknowledges top companies for outstanding
performance in areas including financial strength and stability, growth
rate and size of the franchise system. The highly coveted list is seen
as a gold standard in the franchise industry and dominant competitive
measure for franchisors. Additionally, individuals seeking established
franchise concepts with proven systems and results use the Franchise 500
as a primary comparative research tool. This year, Painting with a Twist
was ranked No. 1 in its category and the Fastest Growing
franchise.
“Between ‘Undercover Boss’ and Entrepreneur’s Franchise 500
ranking, Painting with a Twist is off to a strong start in 2017. Going
undercover allowed me to experience the company from a different
perspective. I was able to connect with employees and witness firsthand
how passionate they are, especially when it comes to guest experience. Entrepreneur’s
Franchise 500 ranking nods to that company culture and commitment,” said
Renee Maloney, co-founder and CFO of Painting with a Twist. “To remain
the top paint and sip studio is an honor and one we intend to keep for
years to come.”
In 2016, Painting with a Twist welcomed its 5 millionth guest due to the
popularity of return visits averaging once each month, opened 60 new
studios, including debuts in four new states, and signed 67 new
franchise agreements. The year was also highlighted by rapid growth for
the franchise, with 32 percent of it coming from existing franchise
owners purchasing additional studios. With a total of 325 studios at the
close of this year, Painting with a Twist estimates it will open 60 new
studios in 2017. Areas of focus include Arizona, California, Illinois,
Massachusetts, and New York.
“We have been steadily building momentum over the past four years by
increasing our brand awareness and market share, improving our franchise
systems, and focusing on exceptional ROI for our franchise partners.
Being recognized by Entrepreneur Magazine in 2017 as the leading
paint and sip franchise again and to be featured on ‘Undercover Boss’
has ignited tremendous interest from customers and investors alike and
we are capitalizing on the opportunities,” said Michael Powers, managing
director of Painting with a Twist. “After eight years of successful
franchising and rapid growth, our story continues to prove that Painting
with a Twist was never a fad but rather a sustainable business
opportunity and a favorite local place.”
At Painting with a Twist, guests come together to experience a unique
‘getaway’ that includes friends, paint and the option to BYOB. Led by
local art instructors, guests paint on bare canvases using paint and
brushes provided by the studio. There are more than 8,000 original
pieces of copyrighted artwork, ranging from landscapes, abstracts and
cityscapes, to creative renderings of animals, iconic buildings and
florals, which have all been conceptualized and produced by Painting
with a Twist art instructors.
Not only have Painting with a Twist co-founders and industry pioneers
Cathy Deano and Renee Maloney perfected the paint and sip business
formula, they are also dedicated to giving back to local communities.
The company’s charitable arm, Painting
with a Purpose, raises money for local charities through monthly
events at all locations. To date, more than $3.25 million has been
raised. This past July, that core value came full circle when Painting
with a Twist launched its own nonprofit organization, The Painting with
a Purpose Foundation, dedicated to giving back to Painting with a Twist
artists to further their education and cover expenses due to illnesses,
family crises or other emergency situations.
For more information about franchise opportunities with Painting with a
Twist, visit www.paintingwithatwistfranchise.com.
About Painting with a Twist®
Painting with a Twist, based in Mandeville, Louisiana is the leading
paint-and-sip franchise with 325 studios in 36 states. Founded in 2007
by Cathy Deano and Renee Maloney, Painting with a Twist began
franchising in 2009 and provides customers with paint, a canvas and
brushes that lead to a fun evening with friends and a finished piece of
art. The company maintains a strong focus on giving back to the local
community, and was recently recognized by the International Franchise
Association’s Franchise Education & Research Foundation’s Franchising
Gives Back Awards. To date, Painting with a Twist has donated more than
$3.25 million through their charity arm, Painting with a Purpose. As the
fastest-growing franchise in the industry, Painting with a Twist has
been ranked the No. 1 Paint and Sip franchise as part of Entrepreneur
magazine’s annual Franchise 500 edition for the past four years. For
more information about Painting with a Twist’s franchise opportunity,
visit www.paintingwithatwistfranchise.com.
Contacts
Fishman PR
Cassidy Obis, (847) 945-1300
cobis@fishmanpr.com
