San Diego, February 5, 2015—Vistage member company Great Play was recently named to the 2015 Franchise 500. This is the third consecutive year that Great Play has been named to the Franchise 500.
Great Play CEO Keith Camhi, a Vistage member since 2014, and Great Play President Jyl Camhi, were inspired to develop the Great Play concept because they were dissatisfied with the physical development options available for their own children. They opened their first gym in Stamford, Connecticut, in 2006, and began franchising in 2008. Children from 6 months through 5th grade develop motor skills, sport skills, fitness and coordination through classes and play time in the gym’s “Interactive Arena” that combines physical activity with virtual games using digital projectors and sensors. In addition to this year’s list, Great Play was named to the “Hot Franchise to Own” list. Great Play was previously recognized on Entrepreneur’s Top 50 New Franchises of 2013, received the Franchisee Satisfaction Award 2013 and 2014, and was Voted “Best of” in Denver, Phoenix, Houston, Seattle, Atlanta, Westchester (NY), and Gold Coast (CT).
To be eligible for the Franchise 500, a franchisor must have a minimum of 10 units, with at least one franchise located in the U.S. The company must be seeking new franchisees in the U.S., and it cannot be in Chapter 11 at the time the ranking is compiled.
All companies, regardless of size, are judged by the same criteria: objective, quantifiable measures of a franchise operation. The most important factors include financial strength and stability, growth rate and size of the system. Entrepreneur also considers the number of years a company has been in business and the length of time it’s been franchising, startup costs, litigation, percentage of terminations and whether the company provides financing. Financial data is analyzed by an independent CPA.
About Vistage International
Founded in 1957, Vistage assembles and facilitates private advisory boards for CEOs, senior executives and business owners. Vistage members participate in monthly, Chair-led private advisory board meetings. More than 21,000 members in 16 countries also have access to one-to-one executive coaching, expert speakers, and our global network of business leaders.
Katie McWeeney Vistage International