American Leak Detection Honored by Wall Street Journal and Entrepreneur Magazine
February 26, 2008 // Franchising.com // Palm Springs, California - Palm Springs based American Leak Detection, high-tech specialists in non-invasive water leak location, has received top honors from both the Wall Street Journal and Entrepreneur® Magazine.
The Wall Street Journal named American Leak Detection one of the Top 25 Franchise High Performers in the country for being well-established, financially strong and successful in the franchising business. Additionally, for the seventh straight year, American Leak Detection was ranked #1 in its category by Entrepreneur® Magazine in its 29th Annual Franchise 500.
"Since 1974, we have addressed two serious global concerns: water conservation and environmental contamination," says Stan Berenbaum, CEO of American Leak Detection. "We are proud to be recognized, proud of our commitment to the environment and thankful for our dedicated customers, employees, franchisees and business partners."
Founded 34 years ago, American Leak Detection operates a network of highly trained leak specialists in eight countries who specialize in the accurate, non-destructive detection of hidden water, sewer and other leaks. Using proprietary equipment and methods, leaks are located without destroying walls or digging holes thereby avoiding unnecessary property and other damage.
"Given the serious water availability and infrastructure issues throughout the world, our goal is to create a 'one-stop-shop' offering of environmentally friendly products and services related to water management, conservation and recycling," say Berenbaum. In pursuit of this objective, ALD formed, in late 2007, the first stage of a longer-term business alliance with Environmental Biotech International (EBI), a United Kingdom and United States headquartered leader in sewer, grease and odor solutions. "We believe strongly in helping solve our customers' water problems and are excited about the tremendous growth opportunities ahead," added Berenbaum.
The Wall Street Journal report was assisted by FRANdata, an Arlington, Virginia, independent research firm that helped analyze franchise data from the past three years to compile the top list. FRANdata found there are now more than 230 types of businesses that do franchising and more than 2,900 active franchise brands in the U.S. American Leak Detection was selected as one of the Top 25 franchises for performing well financially and satisfying a multitude of additional qualifiers.
Entrepreneur® Magazine researches and analyzes hundreds of franchise companies to determine the best in specific industry categories. Companies are judged on many factors including financial strength, stability, growth rate, number of years in business, with an independent CPA review of financial data.
For more information about American Leak Detection franchise opportunities, go to www.americanleakdetection.com.
About American Leak Detection
Headquartered in Palm Springs, California, American Leak Detection is the world leader in the accurate, non-destructive detection of all types of leaks including hidden water and sewer leaks. From swimming pool cracks to concealed plumbing systems, the smallest leak is located with the most advanced, sophisticated electronic devices - without bashing holes in walls or digging up the deck and yard. American Leak Detection sets the standard for non-invasive leak detection and repair with proprietary methods and technology. Founded in 1974, it now operates a network of highly trained Original Leak Specialists on six continents. For the last seven years, American Leak Detection has been ranked #1 in Entrepreneur® magazine's "Maintenance Products and Services" franchise sector. For more information on American Leak Detection, call 800.755.6697 or visit www.americanleakdetection.com.