Franchise News & Press Releases

ServiceMaster Restore Climbs in Entrepreneur’s Franchise 500®

January 26, 2023 // FranchiseMarketingSolutions.com // Atlanta, GA - ServiceMaster Restore is excited to be recognized in Entrepreneur’s Franchise 500®. The 2023 Franchise 500® ranks ServiceMaster Restore as number 94 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.

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.

“The past year underscores the opportunities that the franchise in…

ServiceMaster Clean Ranked in Entrepreneur’s Franchise 500®

January 26, 2023 // FranchiseMarketingSolutions.com // Atlanta, GA – ServiceMaster Clean is excited to be recognized in Entrepreneur’s Franchise 500®. The 2023 Franchise 500® ranks ServiceMaster Clean as number 204 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.

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.

“The past year underscores the oppo…

Buddy’s Home Furnishings Opens Franchise Locations In Alabama And North Carolina

February 02, 2023 // FranchiseMarketingSolutions.com // ORLANDO, FLA. - Buddy’s Home Furnishings, a retailer specializing in the sales and rental ownership of furniture, electronics, appliances and home accessories, has opened two new franchise locations in Leeds, Alabama, and Roxboro, North Carolina, bringing its nationwide footprint to more than 335 stores.

The Leeds store is operated by bebe stores inc., one of Buddy's largest multi-unit franchise groups with more than 60 stores across 10 states. Martin Fontela, Chief Operating Officer of bebe, said the company is excited to continue its expansion with Buddy's.

"Buddy’s fosters a team-minded mentality between the franchisee and franchisor, which is a dynamic you don’t find in most franchise opportunities," said Fontela. “It’s a huge reason why we’ve been able to grow at an exponential rate, and we’re proud to open the doors of our 64th location in Leeds.”

T…

Griswold Home Care | What Is an FDD and Why Is It Important to the Process of Opening a Home Care Franchise with Us?

Becoming part of the Griswold Home Care brand is an exciting process that involves a number of informative steps. One of the most important is setting aside time to review our Franchise Disclosure Document or FDD. What is an FDD? It’s a comprehensive document that goes over every aspect of a franchise investment, from who the key brand players are to what kind of training you can look forward to. All franchisors are required to provide their FDD to serious prospective investors because it’s important that they’re as well-informed as possible. Here, we’ll take a closer look at the role an FDD plays in opening a home care franchise with Griswold and some of the topics it discusses.

The Brand History

An FDD contains a lot of information about a brand, including when it was formed, who its parent company is, any affiliates it may have, and so forth. It also lays out who its C-suite leaders are, as well as those individuals below them, and what e…

Is 2023 the Year You Make a Career Change? A Griswold Home Care Franchise Could Be a Smart Move!

Welcome to the new year! For many of us, it’s a time to reevaluate things, to maybe make changes to our diet, to finally organize our closets, or to learn a new skill. Do you have a new year’s resolution? If it’s to forge a career as a business owner in the in-home senior care industry, we can help you with that! A Griswold home care franchise opportunity is a wonderful way to make meaningful contributions to your community while carving out a purpose-driven and potentially profitable career.

But how do you know it might be time for a career change? What industry should you become part of? Keep reading for some pointers. Is It Time for a New Direction?

How do you know it’s time for a career change? After all, just about everyone feels less than enthusiastic about work from time to time. Below are some signs that might encourage you to think about a new direction.

· You Live for the Weekends

Do you dread…

Non-Medical Home Care Franchise Opportunities at Griswold Home Care Come with Marketing Help to Add to Your Own Local Efforts

Ask any small business owner, and they’ll likely tell you that one of the most important — if not the most important — aspects of their job is marketing. After all, if your community doesn’t know you’re there, you might as well not be in business. Griswold non-medical home care franchise opportunities come with our regular expert in-house marketing that helps get the word out about the important suite of services you’ll be offering as a franchisee. Still, it will be up to you to come up with some local marketing efforts to let your community know you’re ready to help. Keep reading for some great ways to do that.

Use the Power of Social Media

These days, there’s hardly a person who doesn’t engage with social media platforms like Facebook, Instagram, and LinkedIn. Today an astounding 36.8% of the world’s population use Facebook — and that’s just one platform! In fact, it’s estimated that there are 4.7 billion social media users across the globe, so it doesn’t tak…

HomeWell Franchising Welcomes Doug Geoga

BURKBURNETT, TEXAS // FranchiseMarketingSolutions.com // - January 31, 2023 - HomeWell Franchising Inc., the franchisor of HomeWell Care Services announced today that an affiliate of Doug Geoga has become a shareholder of the company, and Geoga has joined its Board of Directors. He joins HomeWell’s Board Chairman, Bruce Haase, as a key investors. Haase and Geoga previously worked together at Extended Stay America hotels, where Haase served as CEO and Geoga as Board Chairman.

“We welcome Doug Geoga’s franchising expertise and commitment to the HomeWell brand,” said Crystal Franz, CEO of HomeWell Franchising Inc. “The experience that both Bruce Haase and Doug Geoga bring will help ensure we stay on course and realize HomeWell’s full potential in the non-medical home care industry.”

Geoga comes to HomeWell with more than three decades of leadership experience in the hospitality industry, including a substantial franchising background. During his 23-year career wit…

A Place At Home | Assisted Living Franchises: Should You Invest? Here’s What to Expect

From 2018 to 2060, the number of Americans aged 65 or older will double to 95 million. They will make up 23% of our population. So, it’s no wonder people are looking into the senior care services industry. According to a Franchise Business Review survey, the senior care services industry has the second-highest average pre-tax income of all industries.

There are several types of senior care service businesses. They include in-home medical and non-medical care, housing placement services, assisted living facilities, and senior mobility product businesses.

So, should you buy into an assisted living franchise? Weigh the pros and cons in our guide and find out what you can expect with this franchise opportunity.

Benefits of an Assisted Living Business

If you want to have a significant presence and impact in your community, an assisted living facility will put you on the map. They are extensive facilities that typically house dozens of older adult…

A Place At Home | A Recession-Resistant Franchise: Four Signs to Look For

While you can’t control the economy, you can control what business you open. Recession-resistant franchises can thrive and adapt easier than other businesses during economic slumps.

So, how do you find a franchise opportunity that is less volatile in a recession? Here are the signs you should look for that hint at a strong recession-resistant franchise.

The Product or Service is a Necessity

When money becomes tight, people cut out the “luxuries.” That typically includes entertainment, clothing, and travel. Meanwhile, businesses that perform specialized services or provide necessary products, like food, do well during tough economic times. Those businesses include repair services for cars, plumbing, roofing or HVAC systems, in-home senior care, grocery and convenience stores, hair salons, or restoration services.

Repair Services: Cars and air conditioning units break without warning, no matter the state of the economy. In tough times peopl…

A Place At Home | The Assisted Living Business: What to Expect When Starting One

Thinking about starting an assisted living business? Get insights on profitability and what to expect when running a business in the assisted living space. Read more.

What Can I Expect?

An assisted living facility can be a massive undertaking. Consumer Affairs notes that, on average, assisted living facilities accommodate 27 to 33 patients. As an owner, you provide caregivers for those patients to help with daily activities like going to the bathroom and getting dressed, medication management, house cleaning, laundry, meals, and social programs and activities.

You’ll need an assisted living certification to get started. This requires you have at least one staff member for every six residents. In addition, state and federal regulators require multiple types of insurance to operate, including workers’ compensation insurance, general liability insurance, property/casualty insurance, and umbrella insurance.

You’ll need to find and acquire a prop…

A Place At Home | Why Healthcare Startups Fail: Top 5 Reasons

According to Forbes, 90% of all startups fail. As for those in the healthcare and social assistance field, only about 57% make it past five years. Meanwhile, in the medical technology sector, upwards of 75% of U.S.-based, early-stage medtech companies never find success, according to TTi Health Research & Economics.

Learn the top reasons why healthcare startups fail so you can be prepared for the challenges that lie ahead when running your healthcare business. Get the insights.

1. Running Out of Cash

Mismanagement of funds or failure to raise enough capital is the most common reason for any business, not just healthcare startups, to fold. A CB Insights study found that 38% of unsuccessful startups ran out of cash or failed to raise new capital. The healthcare industry is especially tough. Managing cash flow is challenging because the sales cycle in healthcare is particularly long.

One area where medical businesses lose funds is put…

A Place At Home Franchise vs. BrightStar Care Franchise: Which Is Right For You?

Deciding between a BrightStar Care franchise opportunity or another franchise, like A Place At Home, in the home care industry? We don’t blame you, as 10,000 people turn 65 every day. So, let us help you compare two franchises in this growing senior home care industry.

Side-By-Side Comparison

While many of BrightStar Care’s services overlap with A Place At Home, the main difference is that BrightStar Care uses a Registered Nurse (RN) for every client, even when the state doesn’t require it. This element is important to note because RNs cost more to employ.

Here’s a look at how the startup costs compare for the two franchises. BrightStar CareA Place At HomeFranchise Fee$50,000$49,500Initial Investment$111,008 – $191,108$84,185 to $148,517Liquid Capital Requirement$100,000 – $150,000$50,000Royalty Fee5.25%4.5% -5.5%Ad Royalty FeeThe greater of $500 or 2.5%1%Franchise Growth2020: 325 units2022: 365 units2020: 13 units2022: 20 unitsA Place At Home Franchi…