HAYWARD, Calif. — Entrepreneur magazine has recognized FRSTeam in its 2010 Franchise 500 feature again, ranking the restoration company No. 307 on its list of top North American franchisers. FRSTeam came in at No. 499 in 2009.
“We are very proud to be recognized by Entrepreneur magazine again this year,” says FRSTeam president Jim Nicholas. “We are especially pleased with the large positive movement in our ranking. Our management staff and our franchisees have worked hard this past year, and it shows in these results.”
The company notes that it achieved double-digit sales growth for the fourth straight year in 2010, with increased same-store and overall sales. Morale is also excellent, the company adds, with operators reporting above-average satisfaction in a third-party survey.
“Our brand culture is one of our defining characteristics,” Nicholas says. “We promote and reinforce a personalized service environment both in our day-to-day business relationships and in our franchise relationships. We are truly fortunate in the quality of our operators and our brand performance is a reflection of their individual strength and their enthusiastic use of the FRSTeam system.”
In selecting companies for the Franchise 500, Entrepreneur tabulates factors including financial strength and stability, growth rate, and system size. FRSTeam began franchising its restoration system in 2006, and has since grown to include 50 locations in 44 states.