Press Release

May 6, 2016 -  By LM Staff - There are many top franchise lists out there—such as Entrepreneur’s Franchise 500 and the Franchise Times Top 200. But no one has analyzed landscape industry franchise opportunities. Until now.

 

Rather than doing a list of the biggest franchises, which would overlap with our LM150 list, we tapped the experts at franchise research firm FranData to dig into the data and determine a list of green industry Franchise Best Buys. Is it debatable? Yes. Will some disagree? Certainly. Is it founded in the data vital to people considering a franchise? Definitely. (Namely, “How likely am I to still be in business in a few years?”)

 

LM tapped research firm FranData to analyze and rank the landscape industry’s Franchise Best Buys.

To be eligible for the ranking, brands must have a Franchise Disclosure Document, operate in the U.S. and have a five-year franchising record. Data were considered through 2014. Where applicable, a franchise’s Bank Credit Report was factored in. Several dozen outdoor brands were considered for the list.

 

The ranking is based on a formula that evaluates system performance and support. System performance was determined by scoring demand of a brand and success of existing franchisees. Demand of a brand is determined by growth rate over the most recent five-year period.

 

Success of existing franchisees is evaluated by franchised unit continuity rate over the most recent five-year period.

 

Support offered by the franchisor is determined by a system’s ability and willingness to support franchisees. Ability to support examines the level of disclosure made available to franchisees and lenders, financing assistance and the financial health of a system. Willingness to support examines initial training, pre-opening on-site support, ongoing training, ongoing on-site operational support and the availability of support personnel.

 

This ranking is intended to be a place for prospective franchisees to start their research. It’s not intended to endorse or recommend any franchises.

 

When considering a franchise, always read the Franchise Disclosure Document. Consult an attorney, accountant and other business advisors when reviewing legal or financial documents.