ServiceMaster Restore recently placed among the top of Entrepreneur’s 2023 Franchise 500 Ranking. The Entrepreneur Franchise 500 List is considered the world’s best, and most comprehensive franchise ranking, and is a coveted honor among the franchise industry. In the 2023 ranking, ServiceMaster Restore ranked 94th, making this the fourth consecutive year that ServiceMaster Restore ranked in the top 100.
“The ServiceMaster Restore Team is elated to be recognized on The Entrepreneur’s 2023 Franchise 500 List. We aim to be a world-class franchise across needs-based residential and commercial services, providing deep industry expertise, strong brand equity, name recognition, technology, and supply chain expertise. We have significant growth opportunities ahead.” – John Tovar, President of ServiceMaster Restore.
The Franchise 500 is designed to be a tool to compare a variety of franchise operations. The criteria are measured on pillars such as costs, growth, company support, brand strength, stability, and financial outlook. For the 2023 List 1,321 companies (the highest number of applicants) submitted the required information for consideration. The Entrepreneur editorial team vetted each submission. In order to be eligible for the ranking, a franchisor must be seeking new franchisees in the U.S. or Canada and must have had a minimum of 10 units open and operating as of the July 31st, 2022, deadline, with at least one franchise located in North America. Each eligible franchisor is then scored based on more than 150 data points and ranked by the highest cumulative scores.
“The past year underscores the extraordinary opportunities that the franchise industry presents for entrepreneurs of all levels,” said Entrepreneur Editor-in-Chief Jason Feifer. “The companies named to our 44th annual Franchise 500 list represent some of the most innovative, creative and trusted brands across many industries and highlight what it takes to build the kind of momentum that drives long-lasting success.”
Over the course of its 44 years, Entrepreneur continues to highlight the trials and tribulations the franchise industry faces while providing an overview of how the industry continues to adjust and advance. ServiceMaster Restore’s continued position on the ranking is evidence of its stability as a franchise opportunity.
Read further to view the full ranking of ServiceMaster, Restore.