HomeVestors Ranked Among Top Franchises in Entrepreneur’s Highly Competitive Franchise 500
DALLAS, TX / ACCESSWIRE / January 17, 2023 /HomeVestors of America, Inc. was recognized as one of the top 500franchisesin Entrepreneur's Franchise 500®, the world's first, best, and most comprehensive franchise ranking.
The 44th annual Entrepreneur Franchise 500® is a highly sought-after honor in the franchise industry. Recognized as an invaluable resource for potential franchisees, the 2023 Franchise 500® ranks HomeVestors as #65 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
"We are honored to be named to Entrepreneur's prestigious Franchise 500 list again this year," said HomeVestors CEO David Hicks. "It also marks the eighth consecutive year in which HomeVestors was ranked among the top 100 franchises on the list. This recognition is a testament to the established system we have in place, our continued growth, and the many opportunities for success for our franchisees. We look forward to continuing this momentum throughout 2023."
In Entrepreneur's continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company's 44-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.
Over its 44 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. HomeVestors' position on the ranking is a testament to its strength as a franchise opportunity.
"The past year underscores the extraordinary opportunities that the franchise industry presents for entrepreneurs of all levels," says Entrepreneur editor in chief Jason Feifer. "The companies named to our 44th annual Franchise 500 list represent some of the most innovative, creative, and trusted brands across many industries and highlight what it takes to build the kind of momentum that drives long-lasting success."
To view HomeVestors in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2023 issue of Entrepreneur,available on newsstands on January 17.
About HomeVestors of America, Inc.
Dallas-basedHomeVestors of America, Inc. is the largest professional house buying franchise in the U.S. with more than 140,000 houses bought since 1996. HomeVestors recruits, trains and supports its more than 1,100 independently owned and operated HomeVestors® franchisees that specialize in building businesses based on buying, rehabbing, selling, and holding residential properties. Known as the "We Buy Ugly Houses®" company, HomeVestors strives to make a positive impact in each of its 176 markets.
The company ranked on the 2023 Inc. 5000, has appeared 11 times on the prestigious Franchise Business Review's "Top Franchises," and nine times on the annual Dallas 100. HomeVestors has also been regularly recognized by Entrepreneur Magazine, which most recently ranked it 65th in the highly competitive Franchise 500. The company has also been ranked 16th by Entrepreneur as a "Top Growth Franchise. For more information, visit www.HomeVestors.com.
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SOURCE:HomeVestors of America
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