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Fastest-growing retail wellness brand recognized for outstanding performance in 2022
AUSTIN, Texas–(BUSINESS WIRE)–Restore Hyper Wellness (Restore), a leading provider of proactive wellness services, has been ranked within the top 100 franchises in Entrepreneur’s Franchise 500®, the world’s first, best, and most comprehensive franchise ranking.
The 44th annual Entrepreneur Franchise 500® is a highly sought-after honor in the franchise industry. Recognized as an invaluable resource for potential franchisees, the 2023 Franchise 500® ranks Restore as 78 (up 13 points from 91 in 2022) for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
“This is an exciting time for our business. We’re on the brink of 200 studios in 41 states, so we are making great progress towards our mission of making Hyper Wellness more accessible and affordable for all,” said Restore Hyper Wellness CEO and Co-Founder Jim Donnelly. “Continuing to move up the Franchise 500 list is a testament of everything we’ve accomplished this past year, and I’m so grateful for our system of amazing franchisees and our corporate team that make this type of growth possible.”
In 2022, Restore delivered strong system-wide sales and same-store sales growth thanks to its focus on brand development, improved operations, and a fast-growing national retail footprint. Restore surpassed 185 locations in 41 states, providing proactive wellness services such as IV Drips, NAD+, Cryotherapy, Infrared Sauna and Mild Hyperbaric Oxygen Therapy (mHbOT).
“The past year underscores the extraordinary opportunities that the franchise industry presents for entrepreneurs of all levels,” says Entrepreneur editor in chief Jason Feifer. “The companies named to our 44th annual Franchise 500 list represent some of the most innovative, creative, and trusted brands across many industries and highlight what it takes to build the kind of momentum that drives long-lasting success.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 44-year-old ranking formula continues to evolve as well. The editorial team researches and assesses several factors that go into the evaluation including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
Over its 44 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Restore’s position on the ranking is a testament to its strength as a franchise opportunity.
To view the full list, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2023 issue of Entrepreneur, available on newsstands Jan. 17.
About Restore Hyper Wellness
Launched in Austin, Texas in 2015, Restore Hyper Wellness (Restore) is the award-winning creator of an innovative new category of care—Hyper Wellness®. Restore delivers expert guidance and an extensive array of cutting-edge wellness modalities integrated under one roof. These modalities include biomarker assessments, IV drip therapy, intramuscular (IM) shots, mild hyperbaric oxygen therapy, whole body and localized cryotherapy, infrared sauna, red light therapy, compression, HydraFacial, Circadia and Cryoskin. Restore’s mission is to make Hyper Wellness accessible and affordable for everyone, so customers can do more of what they love to do.
*Medical services available to clients of Restore are provided by an independently owned physician practice.
Restore Hyper Wellness