Murphy Business & Financial Corporation marks a milestone in the business brokerage firmâ€™s growth with the signing of the 100th franchisee, a husband and wife team in Glendale/Peoria, Ariz., Lynn and Wendi Miller.
Roger Murphy, president and CEO of Murphy Business, decided in late 2006 â€“ after building a successful business brokerage operation in Florida â€“ to apply his business model nationally by franchising its methodology.
â€œWe are ahead of schedule on our anticipated growth,â€ Murphy says. â€œOur goal for the next three years is to hit 250 franchises, and then in five years we hope to be between 400 and 500.â€
Murphy Businessâ€™ franchise growth in just two years outpaces that of most franchise organizations. According to franchising researcher Frandata, only 22 percent of all the franchise companies in the U.S. have more than 100 franchisees regardless of how long the franchisor has been in operation.
The firmâ€™s growth didnâ€™t go unnoticed this year as Murphy Business earned a spot as one of Entrepreneur magazineâ€™s 50 â€œTop New Franchisesâ€ and Franchise Business Reviewâ€™s â€œBest in Categoryâ€ for business services and â€œOne of the Top 50 Franchise Opportunitiesâ€ in the annual Franchisee Satisfaction Awards.
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