TL;DR
Lawn Doctor ranked #52 on Entrepreneur's 41st Annual Franchise 500 Ranking, due to its performance in unit growth, financial strength, and brand power. The ranking is based on factors such as cost, size, support, brand strength, and financial strength.
Entrepreneur released its annual Franchise 500 list for 2020, and Lawn Doctor cracked the top 100 ranking at number 52. For more than four decades, Entrepreneur has been releasing yearly franchise reports from extensive research that rank the top 500 for the upcoming year. Lawn Doctor’s ranking this year, as well as its ranking as #1 in its category, is due to its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
Entrepreneur creates its annual list by looking at the cost & fees, size & growth, support, brand strength and financial strength & stability of franchise brands that apply. These factors are then broken down into more than 150 data points per brand, and the 500 franchises with the highest cumulative scores create the list.
“Lawn Doctor is one of only 5 brands that have been on Entrepreneur Magazine’s Franchise 500 every single year since inception 41 years ago,” said Lawn Doctor’s VP of Development, Eric Martin, commenting on the accomplishment this ranking means for the growing brand.
In this story
This story was originally published in 1851 Franchise on February 7, 2020. Burnaze summarizes and links to the original reporting.
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