---
title: "Wall Street Journal: Premium Service Brands Has Seen an Increase in Revenue Amid the Pandemic"
url: https://burnaze.com/article/9b120348-671d-4d7d-ac42-37d46da38407
source: "1851 Franchise"
original_url: https://1851franchise.com/wall-street-journal-premium-service-brands-has-seen-an-increase-in-revenue-amid-the-pandemic-2714521
category: "Franchisors"
industry: "Franchise Industry"
segment: "Franchisors"
topics: ["Finance & M&A"]
published: 2020-12-16T19:14:01.000Z
modified: 2026-11-01T02:27:12.522Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/e3d0d7d42b333da70d5c35f5b47879776458.jpg
---

# Wall Street Journal: Premium Service Brands Has Seen an Increase in Revenue Amid the Pandemic

**TL;DR:** Premium Service Brands, parent company to franchise brands like Maid Right and 360 Painting, has seen a 44% increase in third-quarter revenue amid the pandemic. The home service industry is booming as people stuck at home invest in their homes.

*originally published in 1851 Franchise on 2020-12-16. [Read the original](https://1851franchise.com/wall-street-journal-premium-service-brands-has-seen-an-increase-in-revenue-amid-the-pandemic-2714521).*

## Story

**With people stuck at home during the pandemic, they’ve had more time to pay attention to the needs of their homes. And consequently, the home service industry is booming.** **According to a recent article from the Wall Street Journal****,** **Premium Service Brands****, parent company to franchise brands like** **Maid Right** **and** **360? Painting****, has seen a 44% increase in third-quarter revenue.**

**“Overall people are saving money, taking those savings and reinvesting it into their home. They’re not going to restaurants and not traveling,” Paul Flick, PSB founder and CEO, told the Wall Street Journal.**

**Although Premium Service Brands initially saw a dip in revenue in March and April, its brands have been able to bounce back and even increase hiring, providing jobs for those who may have lost theirs due to COVID-19.**

## Entities

- 1851 Franchise (publication)
- franchise growth (topic)
- Franchise Industry (sector)
- pandemic impact (topic)
- Premium Service Brands (company)
- Maid Right (company)
- Paul Flick (person)
- 360 Painting (company)
- revenue increase (topic)
- home service industry (topic)

---
Originally reported by 1851 Franchise (https://1851franchise.com/wall-street-journal-premium-service-brands-has-seen-an-increase-in-revenue-amid-the-pandemic-2714521). Summarized by Burnaze (https://burnaze.com/article/9b120348-671d-4d7d-ac42-37d46da38407).