Comfort Keepers Ranks #62 on Entrepreneur Magazine's Franchise 500
January 31, 2011 // Franchising.com // DAYTON, OHIO – Comfort Keepers®, a leading in-home care company for seniors and other adults, announced today that it achieved a rank of #62 in the Entrepreneur Magazine's Franchise 500® for 2011. For eight consecutive years, Comfort Keepers has ranked in the listing. The Entrepreneur Magazine's Franchise 500 is compiled by a team of researchers at Entrepreneur magazine and is created by reviewing objective, quantifiable measures of a franchise operation. The most important factors include financial strength and stability, growth rate and size of the system.
"Comfort Keepers is a strong brand in the growing senior care market," said Jim Brown, Vice President of Franchise Development, CK Franchising, Inc. "We are proud to consistently be recognized as one of the top franchise systems by Entrepreneur Magazine in the Franchise 500.
In addition to the overall ranking, the magazine also recognized Comfort Keepers in several other categories
- #74 – Fastest Growing Franchise
- #18 – Top Low-Cost Franchise
- #16 – Top Homebased Franchise
- #55 -- Top Global Franchise
Franchise 500® - Understanding the Ranking
Only franchise companies that supply full Franchise Disclosure Documents (FDDs) and whose information Entrepreneur verifies--can receive a listing in this issue. To be eligible for the Franchise 500® ranking, a franchisor must have a minimum of 10 units with at least one franchise located in the United States. The company must be seeking new franchisees in the U.S., and it cannot be in Chapter 11 at the time the ranking is compiled.
All companies, regardless of size, are judged by the same criteria: objective, quantifiable measures of a franchise operation. The most important factors include financial strength and stability, growth rate and size of the system. Entrepreneur also considers the number of years a company has been in business and the length of time it's been franchising, startup costs, litigation, percentage of terminations and whether the company provides financing. An independent CPA analyzes financial data. They do not measure subjective elements such as franchisee satisfaction or management style. The objective factors are plugged into their exclusive Franchise 500® formula, with each eligible company receiving a cumulative score. The 500 franchises with the highest cumulative scores become the Franchise 500®.
About Comfort Keepers
Comfort Keepers is a leading franchise network providing non-medical, in-home care to seniors and other adults who need assistance with activities of daily living. This includes companion care, personal care and technology solutions that help keep seniors safe, in their own homes. Comfort Keepers' mission is to provide clients with the highest level of quality of life that is achievable.
Since its founding in 1998, the network has grown to more than 600 franchised locations around the world by staying true to the founders' goal of providing quality, caring in-home services that allow clients the opportunity to age in place. In August of 2009, the brand was strengthened even further by the purchase of the franchisor, CK Franchising, Inc., by Sodexo, one of the world's leading food and facilities management services companies and the global leader in the health care and seniors markets. For more information, visit www.comfortkeepersfranchise.com.