Office Pride Appears on Entrepreneur Magazine’s Franchise 500 List
On March 18th 2019
Affordable opportunity in an evergreen business sector, coupled with strong support for franchise owners, are seen as strong positives
January’s arrival often means renewed research by entrepreneurs into potential opportunities that align with their interests. Many begin by poring over lists and research done by highly respected media outlets and organizations, including the 2019 Entrepreneur magazine Franchise 500 list. There they can uncover the value of an Office Pride commercial cleaning franchise.
“We are excited and proud that Entrepreneur continues to notice what a great opportunity an Office Pride cleaning franchise offers,” says Rich Helm, Franchise Development Manager. “There is a lot of competition to make it onto this valued and valuable ranking, and we are very pleased that our hard work and that of our franchise owners, is being recognized.”
Annual ranking considers many operational aspects
This is the magazine’s 40th annual ranking, which looks at everything from regulatory changes to trends and demographics. Response was strong, with 1,094 companies supplying their FDD and other information. To be eligible, a franchisor must be seeking new franchise owners in the United States or Canada and have had at least 10 units open and operational as of July 31, 2018, one of which had to be in North America.
The research team uses a proprietary formula to tally the final order. Along the way, five areas, or “pillars” are taken into consideration to compile the data points used for scoring, according to the publication. Here they are as presented by the magazine, which adds that these pillars and factors are not listed in order of importance
Costs & Fees: Franchise fee, total investment and royalty fees
Size & Growth: Open and operating units, growth rates and closures
Support: Training times, marketing support, operational support, franchisor infrastructure, financing availability and litigation
Brand Strength: Social media, system size, years in business and years franchising
Financial Strength & Stability: Franchisor’s audited financial statements
Commercial cleaning offers evergreen opportunity
Office Pride’s inclusion on the list shows both industry and brand strength, and that’s unlikely to change anytime soon, Helm predicts.
“There will always be offices that need cleaning and that has led to a lot of competition in the commercial cleaning franchise space,” he says. “That said, Office Pride is well-positioned to maintain and grow our market share thanks to solid business fundamentals, a devotion to ethical practices with regard to the customers we serve and an outstanding team of franchise owners.”
For more than 27 years, Office Pride Commercial Cleaning Services, a faith-based franchise system has offered entrepreneurs a proven business system, comprehensive support network and a lucrative financial opportunity – plus the ability to live your faith through your own business and make a difference in your community.
Learn more about the Office Pride franchise opportunity