FRSTeam Recognized in Entrepreneur Magazine Franchise 500
HAYWARD, Calif. (December 28, 2010) ---- Entrepreneur Magazine has once again recognized FRSTeam in its annual Franchise 500 listing. This year, FRSTeam was ranked number 307 on Entrepreneur’s list of Top North American franchise companies. Franchises are selected using Entrepreneur’s formula which includes financial strength and stability, growth rate, and size of the system. FRSTeam was ranked number 499 in 2009, so the 2010 ranking represented a big move for the fabric restoration company.
“We are very proud to be recognized by Entrepreneur Magazine again this year,” states FRSTeam president, Jim Nicholas. “We are especially pleased with the large positive movement in our ranking. Both our management staff and our franchisees have worked hard this past year, and it shows in these results.” And these impressive results continue in other areas. FRSTeam achieved double digit sales growth for the fourth straight year; in an economical environment that continues to be challenging. Brand sales are up; average same store sales are up; and the morale among FRSTeam franchisees? Well, FRSTeam just completed its annual third party franchisee satisfaction survey, and the results are remarkable. FRSTeam maintains a satisfaction rating amongst its franchisees that is well above the average for service industry franchises.
“Our brand culture is one of our defining characteristics,” explains Jim Nicholas. “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 reflection of their individual strength and their enthusiastic use of the FRSTeam system.”
FRSTeam is a national franchise company that specializes in the restoration of clothing, laundry, and other soft goods damaged in a fire, water, or other insurance loss. FRSTeam began franchising in 2006, and has grown to include 50 locations in 44 states. For information on FRSTeam opportunities, please contact Jim Nicholas at (510) 723-1008.