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Thursday, Jan 12, 2023
16 NEIGHBORLY® BRANDS RANKED AMONG TOP FRANCHISES IN ENTREPRENEUR’S HIGHLY COMPETITIVE FRANCHISE 500®
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Highlights of this year’s Neighborly® rankings include four total brands ranked No. 1 in their respective categories and eight brands listed in the top 200
Waco, Texas (Jan. 12, 2023) – Neighborly® brands Aire Serv®, Glass Doctor®, Mr. Electric®, Precision Door Service®, Five Star Painting®, The Grounds Guys®, HouseMaster®, Molly Maid®, Mosquito Joe®, Mr. Appliance®, Mr. Handyman®, Mr. Rooter® Plumbing, Rainbow Restoration®, Real Property Management®, ShelfGenie® and Window Genie® were all included among the top 500 franchises in Entrepreneur’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking.
“The recognition these 16 brands received for their rankings in this year’s Franchise 500 list demonstrates the strength of the Neighborly franchising system, and I am filled with pride in our team members and dedicated franchise owners for their contributions to the continued growth and successes of our organization,” said Brad Stevenson, Chief Development Officer for Neighborly. “This achievement is a direct result of our dedication to providing homeowners across the globe with top tier service, adding value to the franchise opportunities we provide in the process.”
The 44th annual Entrepreneur Franchise 500® is a highly sought-after honor in the franchise industry. Recognized as an invaluable resource for potential franchise owners, the 2023 Franchise 500® ranks these 16 Neighborly brands for their outstanding performance in areas including unit growth, financial strength and stability and brand power:
Among noteworthy rankings for Neighborly brands on this year’s Franchise 500, four total Neighborly brands – Mr. Electric, Glass Doctor, Aire Serv and Precision Door Service – all earned the No. 1 spots on the list for their respective franchise categories. Additionally, eight Neighborly brands – Mr. Rooter, Rainbow Restoration, Mr. Appliance, Molly Maid, Mosquito Joe, Real Property Management, Mr. Electric and Glass Doctor – made appearances in the top 200 list.
“The past year underscores the extraordinary opportunities that the franchising industry presents for entrepreneurs of all levels,” says 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.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 44-year-old ranking formula continues to evolve as well. The editorial team researches and assesses several factors that go into the evaluation including 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. The 16 Neighborly brands’ position on the ranking is a testament to its strength as a franchise opportunity.
To view the selected Neighborly brands in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2023 issue of Entrepreneur, available on newsstands January 17th.
About Neighborly®
Neighborly® is the world's largest home services company with more than 30 brands and 5,000 franchises collectively serving 12 million customers in six countries, focused on repairing, maintaining, and enhancing homes and businesses. The company operates online platforms that connect consumers to service providers in their local communities that meet their rigorous standards as a franchisor across 18 service categories at Neighborly.com or through the Neighborly App. More information about Neighborly®, and its franchise concepts, is available at Neighborlybrands.com. To learn about franchising opportunities with Neighborly®, click here.
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