January 10, 2014 // Franchising.com // LAKEWOOD, Colo. – Oxi Fresh Carpet Cleaning was recently ranked in Entrepreneur magazine’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. The Franchise 500® ranked Oxi Fresh as 484th for its exceptional performance in several areas, including financial strength and stability, growth rate, and system size.
Oxi Fresh was also ranked 30th in home-based franchises and 84th in the low-cost franchise ranking.
"Over its 35 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for entrepreneurs," said Jonathan Barnett, Founder and CEO of Oxi Fresh. "Our position in the ranking reinforces our strength in the industry and further primes us to add 30-50 new locations."
The rankings for all 500 companies are determined using an exclusive formula that takes into account objective and quantifiable factors. An independent CPA analyzes all financial data. The most important factors include financial strength and stability, growth rate and size of the system. All franchises are given a cumulative score, and the 500 franchises with the highest cumulative scores are ranked in the Franchise 500®.
"Compiling the Franchise 500® every year gives us the opportunity to share data-driven insights, reflect on areas seeing progress, and acknowledge the companies that have risen to the top," said Amy Cosper, VP and editor in chief of Entrepreneur. "Franchises play an important part in economic growth, and the names in the ranking are leading the way with their continued and emerging business success."
To view Oxi Fresh Carpet Cleaning in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January issue of Entrepreneur.
Through innovative products and modern technology, Oxi Fresh Carpet Cleaning, one of the nation's fastest-growing carpet cleaning companies, offers customers green cleanings and incredible results. With a unique, low-moisture process, they can transform carpets right before customers' eyes. In 2013, Oxi Fresh was ranked in Entrepreneur magazine's Franchise 500. They also were featured in Inc. magazine's Inc. 500|5000, a listing of the fastest growing, privately held companies in the United States. Oxi Fresh has more than 250 carpet cleaning locations in 45 states, with more locations currently in development.
SOURCE Oxi Fresh Carpet Cleaning
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