Skip to main content

Freedom Boat Club makes Entrepreneur’s Franchise 500 list

Freedom Boat Club said it was featured for the fourth time and ranked No. 398 on Entrepreneur magazine’s Franchise 500 list for 2017.

Freedom Boat Club said it was featured for the fourth time and ranked No. 398 on Entrepreneur magazine’s Franchise 500 list for 2017.

Key factors Entrepreneur considers 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.

“Our entire organization is very pleased by Freedom Boat Club’s return and inclusion in this year’s ranking,” Freedom Boat Club president and CEO John Giglio said in a statement. “We have enjoyed significant franchise growth this past year, as well as robust new-member acquisition. And 2017 is already shaping up to be a blockbuster.”

Beyond the launch of its first international franchise in 2016 in Vancouver, British Columbia, Freedom Boat Club said it recently added multiple new franchise clubs in the United States.

The most recent franchise appointments include Seattle; Stockton and Pittsburg, Calif.; Clemson, S.C.; Baltimore and Middle River, Md.; and Washington, D.C.; as well as Fort Pierce, Palm Coast and Boynton Beach, Fla. Freedom Boat Club said it has more than 15,000 members operating from more than 120 club locations in 21 states and Canada, with a North American fleet of 1,500 boats.

“Our boat club model is steadily gaining in popularity, and the reciprocal boating access to multiple club locations throughout North America is a very compelling membership draw,” Giglio said. “The franchise model is a proven revenue-generator for franchise owners, while providing both an affordable alternative for boating access along with an enjoyable, maintenance-free boating lifestyle that greatly appeals to experienced boaters and newcomers alike.”

The West Coast continues to be a major area for targeted Freedom Boat Club franchise development, along with the Great Lakes and Mid-Atlantic regions. International growth is also a hotbed for franchise development, with global inquiries on the rise, the company said.

“We are very bullish about both the short- and long-term business proposition of the Freedom Boat Club model,” Giglio said. “Domestic growth has been exceptionally strong the past three years, while the international market stands poised for major expansion. We expect to double our franchise club footprint over the next three to five years.”

Related

1_ROWE.OBIT

Indmar Co-Founder Dies at 95

A 20-year veteran of the U.S. Marine Corps, Dick Rowe dedicated himself to the recreational boating industry for more than four decades.

1_TRANSHIELD.ACQUISITION

Patrick Completes Transhield Acquisition

Patrick will provide support to the protective covering manufacturer and allow it operate independently in its current facilities.

Norm

Don’t Give Winter Shows a Pass

Local boat shows are one of the most effective ways to expose your dealership to new prospects and fill your sales funnel during the off-season.

1_PULSE.REPORT

DEALERS: Are You in Compliance?

A new FTC Safeguards Rule designed to protect consumers’ personal information goes into effect Dec. 9 — are you prepared?

1_MYSTICFIRE

Blaze Destroys Mystic Marine Facility

A four-alarm fire last night consumed at least two buildings and an undetermined number of boats at Seaport Marine in Mystic, Conn.

1_GULFCRAFT.EXPANDS

Gulf Craft Broadens Lineup

The Middle Eastern builder debuted its Majesty 72 and Silvercraft WA models at the Abu Dhabi Boat Show last week.

1_VISION.MARINE

Vision Marine Announces Battery Partnership

The production contract includes an initial purchase of 240 batteries from French manufacturer Negoy that will be used in 120 of Vision’s complete propulsion systems.