Paul Davis Restoration Ranked in 2022 Franchise 500
JACKSONVILLE, Fla.—January 16, 2022—Entrepreneur Magazine’s annual ranking of the top 500 franchises operating in North America is in, and Paul Davis Restoration ranked at #120, marking a jump of 119 spots from last year’s ranking. The Franchise 500 evaluation includes factors like startup costs, unit growth, financial strength and stability, and brand power—offering potential franchisees insight into some of the top companies they may consider owning, and how they compare.
“The past year has been one of the most challenging for businesses in recent memory, which made putting together our 43rd annual Franchise 500 list more enlightening than ever,” says Entrepreneur Editor in Chief Jason Feifer. “The companies named to this year’s list showed us how being resilient, supportive, and nimble can help navigate extraordinary challenges and also underscore the grit and innovation that define entrepreneurship.”
In creating the Franchise 500 Entrepreneur uses a ranking formula that evolves over time. Each year, 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.
“We are so honored to be recognized on this prestigious list,” said Mike Hopkins, COO of Paul Davis, “Our business model, collaborative support, and franchise development team get all the credit for our growth this past year. The key to success has been our pairing with franchise owners who are eager to build big healthy businesses focused on being the employer of choice and making a difference in their communities. We are calling them the Difference Makers.™”
For more than 55 years, Paul Davis Restoration has restored residential and commercial properties damaged by fire, water, mold, storms, and disasters. Paul Davis is a one-stop shop for disaster damage and restoration and is approaching 350 franchises in the United States and Canada. The professionals at Paul Davis are certified in emergency restoration, reconstruction, and remodeling. For more information, visit www.pauldavis.com. For franchise information, visit www.pauldavisbusiness.com.