Freedom Boat Club, the nation’s oldest and largest boat club and premiere boat club franchisor in North America, was featured for the fifth year in the prestigious Entrepreneur Magazine’s annual rankings, securing the #1 spot in the Misc. Recreation Business Category and #309 in the overall 2018 Franchise 500 list, up from its 2017 ranking of #398. The list was published in Entrepreneur Magazine’s annual, best-selling January/February 2018 winner’s issue.
According to the magazine, the key factors considered in Entrepreneur’s evaluation 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.
“It’s a terrific honor for Freedom Boat Club to be included in the Entrepreneur Franchise 500. We are especially pleased by our positive upward momentum in the overall rankings, along with our #1 ranking in the miscellaneous recreation business category,” said Freedom Boat Club President and CEO John Giglio. “Freedom Boat Club has experienced outstanding North American growth this past year and we are poised for continued expansion including major international development in 2018.” said Giglio.
Over the past year, Freedom Boat Club launched more than 40 new club locations throughout the United States and Canada. The company currently operates from 150+ locations in North America, servicing a growing base of more than 16,000 members and operating a fleet of more than 1,600 boats. In early 2018, Freedom Boat Club also announced a European expansion through an alliance with Jeanneau to cooperatively develop FBC franchises among its dealer network.
For Freedom Boat Club of Greater Boston and Cape Cod co-owners, the rapid growth of their franchise over the past few years validates the viability and success of the business model. They grew from owning eight clubs in 2015 to opening three new clubs in just under two years. Today, they are one of the top Freedom Boat Club franchises with 11 Massachusetts locations spanning the North Shore to Cape Cod.
“We are very excited to continue to be recognized in the Entrepreneur Franchise 500 list. Our proven boat club model offers many advantages for our members and has gained widespread acceptance as consumers continue to understand and more fully embrace the sharing economy,” said Matt Carrick, co-owner of Freedom Boat Club of Greater Boston and Cape Cod franchise. “The franchise model is a proven revenue-generator for us, while providing both an affordable alternative for boating access along with an enjoyable, maintenance-free boating lifestyle that greatly appeals to experienced boaters and new boaters alike,” added Carrick.
ABOUT FREEDOM BOAT CLUB
Freedom Boat Club is the nation’s oldest and largest boat club, with 150+ club locations in 30 states and Canada. Based on the concept of the sharing economy, Freedom Boat Club membership includes access to a fleet of boats that are shared among club members. The fleet consists of a variety of boats such as bow riders, cruisers, deck boats and fishing boats. Members are not limited to the same boat – or the same type of boat – each time they go on the water. Members also have reciprocal boating access to all Club locations. Unlimited boat safety training is offered to ensure that members are comfortable and safe as well. For more information about Freedom Boat Club of Greater Boston and Cape Cod, call 617-320-3489 or visit www.freedomboatclub.com