Final week, Entrepreneur journal launched its forty fourth Annual Franchise 500 Rating, an annual record that ranks varied franchise corporations primarily based on prices and bills, assist, monetary power and stability, dimension and development, and model power.
This 12 months, whereas fashionable quick meals institutions dominated the rankings, each Smoothie/Juices and Well being & Wellness franchises skilled sturdy development and emerged as fashionable traits for franchises.
Baya Bar, which opened on Seaside 116th Avenue in Could 2022, is ranked #357 and #1 within the acai bowl class after not showing in final 12 months’s rating. In celebration of the corporate’s success, all Baya Bar places, together with Rockaway, celebrated with a “Baya Bash” final Saturday, providing particular reductions on juices, smoothies, and acai bowls. This previous Saturday additionally occurred to be 8 months since Baya Bar opened in Rockaway.
“I’m so excited to share my love for high-quality well being meals with all of my wonderful neighbors,” proprietor Robert Sestito instructed The Wave in Could 2022. “Residing in Rockaway, there’s a nice sense of group. I look ahead to this new chapter.”
Orangetheory Health, which opened in March 2022 subsequent to Baya Bar, was ranked #85 and #7 in Well being & Health after additionally not showing in final 12 months’s rating. Since opening, Orangetheory Health has helped its “Match Fam” obtain private information and push themselves to new ranges of health in group train lessons.
“We’re constructing a group right here. Everybody holds one another accountable,” proprietor Matt Lengthy instructed The Wave in August 2022. “There is no judgment. It isn’t simply camaraderie, group, and one another, pushing one another to attain the identical aim, simply reside a more healthy life.
Apart from advocating for wholesome residing, each corporations share a powerful social media presence that has allowed their manufacturers to develop, one thing Entrepreneur journal famous by citing the Well being & Health class as “one to observe.”
Every Baya Bar retailer is designed with a tropical theme and AstroTurf-like partitions with neon lights that spell out “Baya Bar” to permit prospects to take artsy social media photographs with their bowls, which Invoice Loesch, the corporate’s CEO and founder, describes as “a really Instagrammable product. “
“We constructed an Instagram and Fb web page earlier than we opened,” Loesch launched in an announcement. “So, after we did, individuals within the space knew who we have been. We had an excellent reception proper off the bat.”
As for Orangetheory Health, its orange-colored studio makes for a singular aesthetic and its social media is usually used to share outcomes from challenges, private report breakers, and testimonials to encourage others to take motion.
“What’s much more fascinating is that regardless of the sluggish economic system over the previous 12 months, 7.1% of candidates this 12 months have simply began a franchise in 2022, with 27.8% having began a franchise since 2018,” Enterprise Editor in Chief Jason Feifer launched in an announcement. “That is lots of recent concepts — and, in time, future Franchise 500 rating holders.”
That is true for Baya Bar, which started franchising in 2018 and continues to develop right here in Rockaway. Robert Sestito, together with franchise companions Matt Zarrello and Mike Veccia, will open one other Baya Bar on Seaside 129th Avenue someday within the coming months.
As for Orangetheory Health, which started franchising in 2010, the identical 12 months it was based, the corporate might discover its method to the east of the peninsula sooner or later, as Lengthy has expressed curiosity in increasing.