ComForCare Ranked in Entrepreneur’s Highly Competitive 42nd Annual Franchise 500®
February 01, 2021 // Franchising.com // DETROIT - ComForCare announces their ranking of 291 in Entrepreneur magazine’s Franchise 500.
The Franchise 500 has become a competitive measure for franchisors, as well as a primary research tool for potential franchisees. ComForCare’s position on the ranking is a testament to its strength as a franchise opportunity.
“ComForCare is thrilled to be positioned in Entrepreneur’s Franchise 500 list particularly in such an unprecedented year with many challenges,” said J.J. Sorrenti, CEO of Best Life Brands, parent company to ComForCare and At Your Side Home Care. “Our entire franchise network has been working hard to bring home care to communities all across North America. This ranking underscores our strong franchise business model and our role as an essential business needed at all times.” We look forward to reaching even more growth milestones in 2021.
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 42-year-old ranking formula continues to evolve as well. 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.
SOURCE ComForCare Franchise Systems
Comments:comments powered by Disqus
- Expansions & Growth
- Financial & Earnings Claims
- Mergers & Acquisitions
- Personnel Changes
- General Announcements
- Conferences & Events
- Product Announcements
- Media Coverage
- Strategic Alliances