Paul Davis Restoration has been recognized as one of the top 500 franchises in Entrepreneur’s Franchise500®, the world’s first and most comprehensive franchise ranking. The Franchise500 list is a highly sought-after honor in the franchise community. Recognized as an invaluable resource for potential franchisees, the 2024 franchise list ranks Paul Davis Restoration at #91 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power. The company jumped from 109 to 91 in this year’s ranking.
“Every brand on the Franchise 500 has its own unique story, but they all collectively make the same statement: Franchising is strong and resilient, is full of innovation and opportunity, and provides a powerful entrepreneurial path for many people,” says Jason Feifer, editor in chief of Entrepreneur magazine. “Our 45th annual ranking is full of companies with fresh ideas, exciting business models, cultural sway, and the kind of business sophistication that will define the next 45 years and beyond.”
“We are honored to be recognized on this prestigious list once again,” said Rich Wilson, President and CEO of Paul Davis Restoration. “The steady growth towards the top of the list each year is exciting. Our business model, collaborative support, and franchise development team gets 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 call them the Difference Makers™”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 45-year-old ranking formula continues to evolve as well. 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.