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HomeWell Ranked a Top Franchise in Entrepreneur’s Franchise 500
January 29, 2021
Burkburnett, TX – HomeWell Care Services recently ranked in Entrepreneur magazine’s 2021 Franchise 500®, the world’s first, best and most comprehensive franchise ranking. Placement in the Franchise 500® is a highly sought-after honor in the franchise industry. Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranks HomeWell for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
“2020 was a challenging year for everyone, but it was also a year of unusual opportunity,” says Jason Feifer, Entrepreneur editor-in-chief. “Franchises were able to be nimble and innovative, serving the needs of franchisees and customers in ways that will resonate for many years to come. We believe that, when we eventually look back on this time, we’ll see it as a moment when many brands defined themselves for the future.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 42-year-old ranking formula continues to evolve as well. The key factors that go into the evaluation include costs and fees, size and growth, system 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 42 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees.
Crystal Franz, HomeWell Franchising Inc. CEO said, “We are incredibly honored to have made the list again this year. Our position on the ranking is a testament to our strength as a franchise system. While 2020 brought many challenges, our commitment to support our franchisees and continue to grow the company is unwavering.”
To view HomeWell Cares Services in the full ranking, visit the Entrepreneur 500 list. Results can also be seen in the January/February 2021 issue of Entrepreneur, available on newsstands on January 26th.
ABOUT HOMEWELL FRANCHISING, INC.
HomeWell Franchising Inc. is the franchisor for HomeWell Care Services®, which provides personal care, companionship, and homemaker services for seniors and other homebound individuals, so they can remain safely in the comfort of wherever they call home. HomeWell is committed to helping people live life more fully and offers special programs for fall prevention, post-medical care, and life-enrichment. Our franchise agencies serve over 3,000 clients annually helping them to fulfill a robust life.
HomeWell Franchising Inc. is a premier franchisor with over 40 open locations representing over 85 territories across the U.S. and Canada. The company has a strong pipeline of new agencies set to open. HomeWell has been recognized as a Franchise Business Review Top 100 low investment franchise and continually ranks on the Entrepreneur Franchise 500 list. For more information on HomeWell or to explore franchise opportunities, visit http://www.homewellfranchising.com or http://www.homewellcares.com.
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