Rytech is now a member of a worldwide ranking available only to the top franchising firms in the world. Entrepreneur’s 43rd annual Franchise 500® also shines a light on the unique challenges and changes that have shaped the franchise industry over the last year.
The effects of the pandemic are evident. But so is the overall resilience of the industry. Many firms adapted during the pandemic. Others, like Rytech, evolved and grew. This ranking by Entrepreneur is testament to the success of Rytech’s strategy.
Entrepreneur’s 43rd annual Franchise 500® ranking is known around the world for its data, reliability, and rankings process.
Rytech Restoration is honored to be inducted into the top 500 franchises ranked by Entrepreneur. Rytech’s nationwide growth and presence in over half of the states, along with its renowned customer promise, has enabled us to grow to this point.
Rytech’s Vice President of Operations, Ben Tepedino, said “this is a first for Rytech. Everyone’s commitment leads to these opportunities! Congratulations to the Franchise Development team on this accomplishment but the truth is without each Franchisee’s commitment to excellence, we wouldn’t have this opportunity as a Franchisor.”
In fact, while keeping its customer and partner commitments intact, Rytech has been growing by leaps and bounds.
Even during the midst of a global pandemic, last year it awarded fourteen (14) new franchise locations throughout the country with four more in the final closing stages for the first month of 2022.
And this ranking by Entrepreneur is a well-timed testament to the careful Rytech Teamwork in 2021-- reimaging Rytech’s brand, redesigning its website to be both more interactive with local franchisee’s and accessible by partners and expanding the company’s overall web presence to enhance its overall social media ranking.
Understanding the Ranking--The first step in Entrepreneur’s ranking process is gathering data—lots and lots of data. Starting in June 2021, it asked franchisors to complete online forms and submit a copy of their current Franchise Disclosure Document (FDD) or Canadian Disclosure Document. A total of 1,177 companies supplied all the required information. Submissions were vetted by its editorial team before entering the data analysis stage.
To be eligible to rank, a franchisor must be seeking new franchisees in the U.S. or Canada and must have had a minimum of ten (10) units open and operating as of July 31, 2021, with at least one franchise located in North America. Each eligible franchisor was scored based on more than 150 data points, and those with the highest cumulative scores became the Franchise 500.
Note: The Franchise 500 isn’t an endorsement by Entrepreneur, nor is it intended to advertise, or recommend any particular franchise. It is solely a tool to compare franchise operations.
Those interested in buying a franchise of any type should conduct their own careful research before investing in a franchise.
If you’re interested in a franchise in the restoration industry, Rytech’s ranking in the top 500 should tell you some of what you need to know. The rest you can find on Rytech Restorations’ website under the tab “Franchising Opportunities.”
