Entrepreneur Magazine announced its 40th annual Franchise 500®. Door Service ranked #306. As the nation’s leading garage door repair company, Door Service provides consumers the highest levels of customer service and value for all garage door needs, specializing in garage door repair, new garage door installment, and repair of garage door openers.
Each year, Entrepreneur Magazine puts together one of the most comprehensive franchise rankings in the world. To be eligible, franchisors must have a minimum of 10 units, with at least one located in the U.S. The organizations must also be seeking new franchisees in the U.S., and cannot be in Chapter 11 at the time the rankings are compiled. The franchises are judged based on a set of criteria, regardless of the size of the company that are objective, quantifiable measures of a franchise operation. The most important factors highlight financial strength and stability, growth rate and size of the system. Other factors include the number of years a company has been in business, the length of time it’s been franchising, startup costs, and litigation, percentage of terminations and whether or not the company provides financing.
Forty years after the very first Franchise 500 ranking, the franchise industry is still going strong and more competitive than ever. More than 1,000 companies applied for this year’s ranking, and those that rose to the top reveal the latest trends as well as the companies that continue to evolve to keep going strong year after year. From regulations to trends to demographics, the franchise industry has experienced its fair share of change since that very first Franchise 500 was published way back in 1980. But the industry keeps going strong, offering companies of all different stripes an effective mode of expansion, and affording thousands of aspiring entrepreneurs the opportunity to open their own business within an established brand. And Entrepreneur continues to celebrate them all with what is still the world’s first, best, and most comprehensive franchise ranking.
About Entrepreneur Magazine
As the nation’s leading business monthly, Entrepreneur Magazine positions itself as a playbook to success for businesses and leaders of all kinds. Entrepreneur seeks to inspire, inform and celebrate entrepreneurs. Offering real solutions to the challenges faced as an entrepreneur, including tips, tools and insider news to help build – and grow – your business.
Door Service has been providing quality residential garage door repair service to homeowners and businesses across America since 1997. With aspirations of building the best garage door company in America, the founders began a franchise program that is designed for national expansion. Incorporated in 1999, Door Service began its expansion nationwide through franchising. The corporate headquarters have been located in Titusville, Florida since 2001. There are 96 Precision Door Service locations across the United States, with the anticipation of continued growth each year. The service area the network of franchisees covers is more than half the entire U.S. population. Precision Door Service franchise locations collectively service more than a thousand new customers each day.