VIENNA, Va., March 19, 2012 (GLOBE NEWSWIRE) -- BookKeeping Express was ranked 405 in Entrepreneur's 33rd Annual "Franchise 500," the world's most comprehensive franchise ranking after only its second year of franchising. It's the brand's first appearance on the list. The nation's only franchise focused solely on offering certified bookkeeping services also ranked as one of the "Top New" 50 franchises as well as one of the top 100 "Low Cost" franchises.
"This recognition speaks volumes about our company's accomplishments and viability as an attractive franchise opportunity for today's entrepreneurs," said Greg Jones, Chief Executive Officer of BookKeeping Express. "BookKeeping Express is meeting the growing demand for affordable, professional bookkeeping services in rapidly expanding small business communities across the nation. Being named to a list as prestigious as the Entrepreneur 'Franchise 500' further validates our strength and stability as a franchise system."
The rankings for all 500 companies are determined using an exclusive formula that takes into account objective and quantifiable factors. An independent CPA analyzes all financial data. The most important factors include financial strength and stability, growth rate and size of the system. All franchises are given a cumulative score, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order.
"Franchises are a great avenue to business ownership for those with the entrepreneurial spirit—and they're playing a definitive role in driving the economy upward," says Amy Cosper, VP and editor in chief of Entrepreneur. "Unit numbers from the Franchise 500® grew overall in 2010 and 2011, giving individuals a great place to begin investigating some of the brightest opportunities."
Since launching its franchising program in the fourth quarter of 2008, BookKeeping Express has signed development agreements and opened offices with entrepreneurs in 24 states across more than 145 territories that have been sold and/or in development. Currently, there are 38 BookKeeping Express franchise offices open and three license offices open in Canada. The company's aggressive U.S. and Canadian franchise development plans call for more than 30 new territories in 2012.
With a collection of franchisees that come from diverse backgrounds, including corporate executives, CPAs, banking executives, and entrepreneurship, BookKeeping Express' owners share a common goal to provide accounting relief to business owners so they can focus on growing their business.
For more information, please visit www.bookkeepingexpress.com.
About Bookkeeping Express
BookKeeping Express, a national company focused on providing professional bookkeeping practices to small businesses, was founded in 1984 in California and grew to over 150 locations through licensing agreements. In 2007, Greg Jones, along with Bob Stocker and Merritt Green, purchased the company and launched the new business model in January 2008. The franchise has grown to more than 35 offices in the United States and Canada. The company is based in Vienna, Virginia. To learn more about BookKeeping Express, visit www.bookkeepingexpress.com.
The BookKeeping Express logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12080