GALLATIN, TN --(Marketwire - February 9, 2011) - SERVPRO earned the #8 spot in Entrepreneur magazine's 2011 Franchise 500 ranking, moving up one notch from their 2010 ranking. The disaster recovery and restoration franchise company also placed #1 in its category for the eighth consecutive year.
SERVPRO specializes in disaster restoration, cleanup and repair services, helping to remediate fire damage or water damage for both commercial and residential customers. The service company also offers mold remediation, carpet and upholstery cleaning and other home-maintenance and restoration services.
"This recognition from Entrepreneur magazine emphasizes the value of SERVPRO, not only to the franchisees, but to their clients," said Rick Isaacson, executive vice president of SERVPRO Industries, Inc. "We're proud of the service the franchises offer to their clients, and franchises work hard to earn trust with every job they do."
SERVPRO's 8th place ranking in the 2011 Franchise 500 list represents the second consecutive year they have earned a top-10 ranking, moving up from the #9 spot on 2010's list. The Entrepreneur magazine rankings process begins when franchisors complete a survey and submit a Franchise Disclosure Document (FDD). Once that document has been verified by Entrepreneur and certain other qualifications are met, the franchisor is eligible to be considered for the rankings. Qualifying franchisors are then ranked based on "objective, quantifiable measures of a franchise operation," according to Entrepreneur. Those quantifiable measures include financial strength and stability, rate of growth and system size, litigation, length of time in business, and others.
"We know SERVPRO clients turn to the franchises to help them return to normal after an unexpected, or even devastating, event," said Isaacson. "It's both a huge responsibility and a privilege to be the brand that they call when they need to get their life or their business back on track. SERVPRO's continued presence in Entrepreneur's Franchise 500 list is proof that SERVPRO's customers' confidence in the brand is well-founded."
Founded in 1967, the SERVPRO franchise system is a national leader and provider of fire and water cleanup and restoration services and mold mitigation and remediation. SERVPRO's professional services network of more than 1,500 individually owned and operated franchises responds to property damage emergencies ranging from small individual disasters to multi-million dollar large-loss situations. Providing coverage in 48 states, the SERVPRO System has established relationships with major insurance companies and commercial clients, as well as individual homeowners. All SERVPRO franchises are independently owned and operated.