Chem-Dry Scores a Spot on Franchise Gator’s Top 100 List
Repeat ranking underscores brand’s stable and significant value as it adds services and grows in the competitive home and commercial services space
Franchise Gator has released its Top 100 Franchises of 2019, and the Chem-Dry floor cleaning franchise opportunity has once again made its way onto the sought-after ranking.
“Appearing on lists such as Franchise Gator’s, which are compiled with a great deal of information that potential franchise owners look for, validates the hard work Chem-Dry franchise owners are putting in,” says Doug Smith, Senior Vice President of Franchise Development. “Their hard work and success show entrepreneurs just what is possible with this dynamic brand.”
How the list comes together
The researchers at Franchise Gator take many things into account when compiling their annual ranking. As they point out in this year’s list, “franchising is about risk reduction. … You join a franchise because it provides a heightened chance of success as a business owner.”
As for the list itself, which is compiled with information from hundreds of Franchise Disclosure Documents (FDDs), “The Top 100 has been designed, with the assistance of The Educated Franchisee, to measure the quality of a franchise system over time. Rankings are mostly based on a formula created from various pieces of the FDD that focus on financial stability, growth, transparency, engagement, continuity and sustainability.”
Related information also plays a part
Working outward from the FDDs, Franchise Gator also looked at brands through the lens of those who visit their site to gather information. Investment range and industry, for example, were taken into account.
And while Chem-Dry scored well in Franchise Gator’s unique system, that meant some well-known names might not be present. “If you are looking for some of the more high-ticket, recognizable names in franchising and don’t see them, that by no means is a discredit to that franchise system. It simply means they were not part of our evaluation process,” the site says.
Chem-Dry is the world’s largest carpet and upholstery cleaning franchise with nearly 3,500 franchises in 55 countries, serving 11,000 homes and businesses a day. Chem-Dry has been Entrepreneur magazine’s top-rated carpet cleaning franchise for 31 straight years. The Chem-Dry Hot Carbonating Extraction process delivers a faster-drying, deeper and more environmentally friendly clean that appeals to home and business owners. In addition to carpet and area rugs, Chem-Dry provides cleaning and renewal services for tile and stone, granite countertops, leather and upholstery, air ducts and dryer vents.