Garage Experts recently ranked Number 1 in Category in Entrepreneur magazine’s Franchise 500. The Franchise 500 the world’s first, best and most comprehensive franchise ranking. Placement in the Franchise 500 is a highly sought-after honor in the franchise industry. It is one of the company’s most competitive rankings ever. Recognized as an invaluable resource for potential franchisees, the Franchise 500 ranks Garage Experts as 231 for its outstanding performance. The award recognized Garage Experts in areas including unit growth, financial strength and stability, and also brand power.
“The 500 companies on this list all have something in common. They understand what consumers want now,” says Entrepreneur editor-in-chief Jason Feifer. “They may be an upstart in a brand-new category, or they may be a brand like Dunkin’ that’s ranked highly on our list for decades. But either way, making our list means they’re forward-thinking, nimble, and closely in touch with their customers’ needs—because in an ever-changing business environment, that’s what a franchise must do to thrive.”
Factors for evaluation
The key factors that go into the evaluation include costs and fees, size and growth, support, brand strength, and also financial strength and stability. Each franchise receives a cumulative score based on an analysis of more than 150 data points. The 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order.
Over its 41 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Garage Experts position on the ranking is a testament to its strength as a franchise opportunity.
To view Garage Experts in the full ranking, visit www.entrepreneur.com/franchise500. You can also see the results in the January/February 2020 issue of Entrepreneur, available on newsstands January 14th, 2020.
About Garage Experts
Garage Experts is a leading epoxy flooring and garage cabinet installation company. The products also have the backing of a lifetime warranty. You can learn more at www.garageexperts.com.