Junk King Named to Entrepreneur Magazine’s 42nd Annual Franchise 500® List
National Eco-Friendly Junk Removal Franchise Ranks Among Top National Franchise Brands
January 20, 2021 // Franchising.com // BURLINGAME, Calif. - Junk King announced today it has been named to Entrepreneur magazine’s Franchise 500® list, considered the world’s first, best and most comprehensive franchise ranking.
The recognition received by Junk King highlights the successful expansion made by the company in 2020. As an essential business, the brand was able to add new units to its system last year bringing it to a total of 125 locations in communities across the United States and Canada. Six locations also joined the million-dollar club in 2020 showcasing the resiliency of Junk King’s model.
“Junk King’s ranking on this list is a testimony to the hard work of our corporate team and franchisees, and what we’ve been able to achieve together in the past year,” said Michael Andreacchi, co-founder and CEO of Junk King. "It’s a privilege to be included on Entrepreneur’s Franchise 500 list. The significance of this recognition has left a mark on the entire system and we’re already well on our way to starting this year off strong.”
The key factors that go into the evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“2020 was a challenging year for everyone, but it was also a year of unusual opportunity,” says Jason Feifer, Entrepreneur editor-in-chief. “Franchises were able to be nimble and innovative, serving the needs of franchisees and customers in ways that will resonate for many years to come. We believe that, when we eventually look back on this time, we’ll see it as a moment when many brands defined themselves for the future.”
Junk King, the nation’s top-rated junk removal and hauling company, is known for its professionalism emulated through its eco-friendly recycling, state-of-the-art technology systems and the clear indication it places on customer satisfaction. As the brand grows, it continues its efforts in making the world a better place for generations to come.
Over its 42 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Junk King’s position on the ranking is a testament to its strength as a franchise opportunity.
SOURCE Junk King
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