Restoration 1 Continues to Climb in Entrepreneur’s Annual Franchise 500® Rankings
April 13, 2015 // Franchising.com // POMPANO BEACH, Fla. – Restoration 1, a leading franchise that specializes in a wide array of emergency mitigation, restoration, and reconstruction services, continues its climb in Entrepreneur magazine’s annual Franchise 500® rankings. Restoration 1 has risen to No. 346 in the 2015 listing, up from No. 369 in 2014 and No. 432 in 2013.
Recognized as the most comprehensive franchise ranking in the world, the Franchise 500 list measures franchises based upon their financial strength and stability, growth rate and size of the system. After the data is analyzed by an independent CPA, all franchises are given a cumulative score resulting in the 500 franchises with the best results.
“It is a tremendous honor to be featured on this prestigious list for the third consecutive year,” said Restoration 1 founder Andor Kovacs, whose company has jumped nearly 90 spots since debuting on the list in 2013. “Such recognition no doubt validates the steadiness and strength of our needs-based franchise. The future is bright for Restoration 1.”
Launched in 2008 and franchising since 2010, Restoration 1 offers 24-hour emergency services for any type of natural mishap, big or small. Equipped with the most advanced technologies and tools, Restoration 1 technicians are always ready to take on any restoration needs, including water extraction, mold remediation, drying, dehumidification, fire and smoke damage restoration, storm-response services and general maintenance and cleaning services.
With 41 locations currently operating throughout eight states and Canada – all of which are franchisee owned – company plans call for adding as many as 100 franchises by the end of 2016 and having a total of 1,000 locations worldwide within the next 10 years.
“With nearly one million people affected each year by natural disasters in the United States, Restoration 1 services are in very high demand all over the nation,” Kovacs added. “Thanks to our superior training, technical guidance and in-territory support, our franchisees continue to thrive in their markets and continue to position Restoration 1 as one of the fastest-growing and most trusted emergency mitigation and restoration franchises in North America.”
The 36th Annual Franchise 500 ranking can be found at http://www.entrepreneur.com/franchise500/index.html.
About Restoration 1
Founded in 2008, Restoration1 is a leading franchise that specializes in a wide array of emergency mitigation, restoration, and reconstruction services. An industry innovator, the Florida-based company uses advanced technologies and tools to perform restoration for both residential and commercial properties that have been damaged due to water, smoke, fire, mold, storms and more. There are currently 41 locations currently open and operating throughout eight states and Canada, with company plans calling for having a total of 1,000 locations worldwide within the next 10 years. For more information about Restoration 1, please visit www.restoration1.com.
SOURCE Restoration 1