LOS ANGELES (PRWEB) January 26, 2021 - Stratus Building Solutions recently ranked in Entrepreneur magazine’s Franchise 500. Placement in the Franchise 500 is a highly sought-after honor in the franchise industry making it one of the company’s most competitive rankings ever. Recognized as an invaluable resource for potential franchisees, the Franchise 500 ranks Stratus Building Solutions as #75 for its outstanding performance in 2020.
“2020 was a challenging year for everyone, but it was also a year of unusual opportunity,” says Jason Feifer, Entrepreneur editor-in-chief. “Franchises were able to be nimble and innovative, serving the needs of franchisees and customers in ways that will resonate for many years to come. We believe that, when we eventually look back on this time, we’ll see it as a moment when many brands defined themselves for the future.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 42-year-old ranking formula continues to evolve as well. The key factors that go into the evaluation include 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.
“Despite the trials of last year, Stratus Building Solutions is honored to be recognized as a top franchise by Entrepreneur,” says Afshin Cangarlu, Stratus Building Solutions CEO. “I am proud of how all of our franchisees stepped up during the pandemic to meet the increased need for cleaning and disinfecting services. We knew commercial cleaning was a recession-resistant industry but now we know it’s pandemic-resistant as well!”
SOURCE Stratus Building Solutions
Stratus Building Solutions a franchise company in the commercial cleaning industry, founded in 2006 and headquartered in Los Angeles, CA.