MaidPro has once again been named one of the top 10 Best Franchises to Buy by Forbes Magazine. MaidPro has made the list every year it’s been produced from 2015-2019 (Forbes did not release a list in 2017).
MaidPro was one of only 30 companies named on the Forbes’ 2019 list, and one of only 10 companies named in the Low Investment category. The 30 companies named on the Best Franchises list were separated into Low, Medium and High Investment categories.
According to Forbes, the lists are intended “to provide those contemplating buying a franchise a bird’s eye view of how different franchises measure up in terms of health and appeal.”
MaidPro President Richard Sparacio said, “It’s really exciting to rank on the Forbes list again this year. We focus highly on giving our franchisees a system that sets them up for success and good quality of life while providing them with stability, profitability, and substantial training and support from our home office in Boston.”
Forbes commissioned FRANdata, a research firm, to apply a methodology that ranks franchise brands on “health and appeal,” from the perspective of a prospective franchisee. FRANdata began its analysis with 3,300 active brands, looking at system sustainability, system demand, value for investment, franchisor support and franchisor stability.
Companies chosen as top brands also had to disclose unit performance, have a minimum of 50 franchised units at the beginning of 2013 and a minimum of 100 at the end of 2017. In addition, the top brands could not have any year-over-year declines in system size.
This is the fourth “Best Franchise” ranking FRANdata has produced for Forbes, this time using franchise information spanning the five-year period between 2013 and 2017. To view the full Best Franchise lists from Forbes, visit Forbes.com.