Franchise Gator Names Chem-Dry Top 100 Franchise For 2020
Continued appearance on list highlights brand’s ongoing value to entrepreneurs thanks to new services and best-in-class training and support
Franchise Gator has unveiled its Top 100 Franchises of 2020, a highly read list of the best franchise brands, and the Chem-Dry franchise opportunity has once again landed a coveted spot on the roster.
“The Franchise Gator list is compiled through a complex process that relies on performance data generated by our franchise owners, numbers that showcase how well Chem-Dry works as a business,” says Doug Smith, Senior Vice President of Franchise Development. “When entrepreneurs see how much they can earn with Chem-Dry, they want to know more. When they also are able to use lists like this to uncover all that we offer, and the support we provide, we have some great conversations.”
List creation involves multiple metrics
This is the 7th annual Top 100 list Franchise Gator has released. It was developed to assist prospective franchisees in their search for a franchise opportunity in which to invest. The list focuses on company growth, financial stability, experience, and several other criteria, all in an effort to help the average franchise buyer identify minimal risk potential.
The list also is meant to highlight more affordable options for the average franchise buyer. It is compiled with information from hundreds of Franchise Disclosure Documents (FDDs) and is meant 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, according to Franchise Gator.
Related information also plays a part
Simply put, Franchise Gator evaluates brands through the eyes of the would-be franchise owner, someone who visits their site to gather information about things such as Investment range, startup capital requirements and more.
“We know that beginning the process of evaluating franchises is hard and can be overwhelming,” Smith says. “Franchise Gator provides an invaluable service to those entrepreneurs who want to find the right business. We are happy to once again be on this list of amazing opportunities that assists those men and women to narrow that search quickly.”
Chem-Dry is the world’s largest carpet and upholstery cleaning franchise with more than 3,000 franchises in more than 55 countries, serving 11,000 homes and businesses a day. Chem-Dry has been Entrepreneur magazine’s top-rated carpet cleaning franchise for 32 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.