We got some great news this week that has 2017 off to a fantastic start. We are thrilled to announce that Mosquito Joe ranks #26 overall AND #1 in the Pest Control category on Entrepreneur’s 2017 Franchise 500! The Franchise 500 is the “first, best, and most comprehensive franchise ranking in the world,” and we are grateful and honored to be recognized so highly among such a distinguished group of businesses.
So, how is the Franchise 500 ranking created? Back in July of 2016, Entrepreneur reached out to franchisors across the country and asked each to fill out an online form and submit their Franchise Disclosure Document. After receiving 988 submissions, Entrepreneur’s editorial team began reviewing each one for certain data points. The franchisors were scored based on more than 150 of these points, and the 500 companies with the highest overall score were ranked as the Franchise 500.
Entrepreneur uses a formula of certain factors to determine the ranking: The Five Pillars of the Franchise 500. These Five Pillars include Costs & Fees, Size & Growth, Support, Brand Strength, and Financial Strength & Stability. Within those pillars are more specific factors such as growth rate, total investment, and financing availability. Throughout the 38 years of the Franchise 500’s existence, Entrepreneur has modified these factors to reflect what is most important to the franchising world at that time. For example, social media presence has become a factor as it gains increasing marketing importance. All companies, regardless of size, are judged by the same criteria to make the final ranking as objective as possible.
2016 was an amazing year for Mosquito Joe. We grew from 113 territories open and 220 territories sold in 2015 to 171 territories open and 278 sold in 2016. Our 127 franchise owners are the heart of our business and help fuel our success each and every day. But we’re just getting started! CEO Kevin Wilson says, “We’re going to continue to expand into new markets and increase our footprint. There’s no doubt that 2017 is going to be another strong year for us, from both a development and educational perspective. We’re excited to grow into new territories this year, and ultimately take the Mosquito Joe brand to the next level.”
A huge thank you to our franchise partners across the country for making Mosquito Joe such an incredible company. Their engagement and enthusiasm for the business make honors like this possible. Another thank you to the Mosquito Joe Corporate staff for providing world-class support that makes our franchisees’ success possible.
If you are interested in learning more about the Mosquito Joe franchise opportunity and joining one of the world’s leading franchise companies, visit our Franchise Information Website, and call us today. We can have you set up in time for spring and would love to have you as part of the MoJo family!