Home Franchise Concepts’ Brands Ranked Among the Top Franchises in Entrepreneur Magazine’s Highly Competitive Franchise 500®
Irvine, Calif. (January 16, 2024) — Home Franchise Concepts, a subsidiary of JM Family Enterprises, announced today that seven of its brands are recognized among the top 500 franchises in Entrepreneur’s Franchise 500®, with multiple brands clinching the number one spot in their respective categories while significantly improving their rankings from the previous year.
The world’s first and most comprehensive franchise ranking, the annual Entrepreneur Franchise 500® has been a highly sought-after honor in the franchise industry and recognized as an invaluable resource for potential franchisees for 45 years. The 2024 Franchise 500® ranks the below Home Franchise Concepts’ brands for outstanding performance in areas including unit growth, financial strength and stability, and brand power:
- Aussie Pet Mobile® – #284
#1 in Mobile Pet Grooming Category
Up 153 spots from 2023
- Bath Tune-Up® – #390
- Budget Blinds® – #16
#1 Window Coverings Category
Up 3 spots from 2023
- Concrete Craft® – #392
#1 Concrete Coatings Category
- Kitchen Tune-Up® – #107
#1 Kitchen & Bath Remodeling Category
Up 31 spots from 2023
- The Tailored Closet® – #360
- Two Maids® – #241
Up 61 spots from 2023
“It’s incredible to see several Home Franchise Concepts’ brands recognized in this year’s Entrepreneur Franchise 500®. This acknowledgement reaffirms our commitment to excellence and the unparalleled value that each of our franchises brings to the market,” said Andrew Skehan, CEO of Home Franchise Concepts. “Our brands have demonstrated impressive growth in the past year, with many ascending in their rankings on this year's awards list compared to their positions in 2023, a clear indication of their dedication to continuous advancement.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s ranking formula continues to evolve as well. The editorial team researches and assesses several factors, including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is then 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 ranked order.
“Every brand on the Franchise 500 has its own unique story, but they all collectively make the same statement: Franchising is strong and resilient, is full of innovation and opportunity, and provides a powerful entrepreneurial path for many people,” says Jason Feifer, editor in chief of Entrepreneur magazine. “Our 45th annual ranking is full of companies with fresh ideas, exciting business models, cultural sway, and the kind of business sophistication that will define the next 45 years and beyond.”
Over its 45 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. The multiple Home Franchise Concepts’ brands position on the ranking is a testament to each organization’s strength as a franchise opportunity.
To view the seven Home Franchise Concepts’ brands that were recognized in the full ranking, visit http://www.entrepreneur.com/franchise500 or pick up a copy of the January/February 2024 issue of Entrepreneur on newsstands now.
To learn more about Home Franchise Concepts and franchise development opportunities, visit https://www.homefranchiseconcepts.com/.
About Home Franchise Concepts
Home Franchise Concepts® , is one of the world's largest franchising systems in the home improvement goods and services space, among the world's largest franchise businesses and a recognized leader in franchisee-franchisor relationships. Home Franchise Concepts’ brands including Budget Blinds®, The Tailored Closet®, PremierGarage®, Concrete Craft®, AdvantaClean®, Lightspeed Restoration™, Kitchen Tune-Up®, Bath Tune-Up®, Two Maids® and Aussie Pet Mobile®, are supported by more than 2,600 franchise territories in the U.S., and Canada. For information on franchise opportunities, please visit homefranciseconcepts.com.
About JM Family Enterprises
JM Family Enterprises, Inc. was founded by automotive legend, Jim Moran in 1968. It is a privately held company with $18 billion in revenue and more than 5,000 associates. Rooted in automotive and united in its strong culture and core values, JM Family is in the business of helping other businesses succeed. As a long-term partner, it is invested in its companies, associates and its communities. Driven by exceptional performance, current subsidiaries are in the automotive, financial services, franchising and specialty distribution industries. Its family of companies includes: Southeast Toyota Distributors, JM&A Group, World Omni Financial Corp. (dba Southeast Toyota Finance), JM Lexus, Home Franchise Concepts, Futura Title & Escrow and Rollease Acmeda. Interact with JM Family on Facebook, Twitter, Instagram and LinkedIn.