Restoration 1 Ranked A Top Franchise In Entrepreneur’s Highly Competitive 42nd Annual Franchise 500®
February 02, 2021 // Franchising.com // WACO, Texas - Restoration 1®, one of the fastest-growing and most-trusted restoration franchises in North America, was recently ranked number 183 in Entrepreneur magazine’s Franchise 500, making the list for the ninth consecutive year.
“Restoration 1 is thrilled to be positioned once again in Entrepreneur’s Franchise 500 list,” said Gary Findley, CEO of Restoration 1. “This ranking continues to underscore our strong franchise business model, our growing network of locations, and our incredible role as an essential business needed at all times in all economies.”
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 Restoration 1®
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