OpenWorks Earns Spot On Entrepreneur’s Franchise 500 List
OpenWorks, a provider of facilities management, was named as one of the top 500 franchises in Entrepreneur’s Franchise 500, the world’s first, best and most comprehensive franchise ranking. The company ranked 368th on the 2022 Franchise 500 list for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
“It is an honor for OpenWorks to have been included on the very prestigious Franchise 500 list, which recognizes some of the most well-known national and international brands for their performance and commitment to franchise excellence,” says Eric Roudi, founder and CEO of OpenWorks. “This distinction is a testament to our network of elite franchise owners who work hard to provide unparalleled quality and customer service through robust technology solutions, as well as the smart, purpose-driven growth plans that have allowed OpenWorks to expand our scope of services, increase our footprint and seize market share during unprecedented times.”
Helping customers that were challenged to create clean and safe places of business during the pandemic, OpenWorks continuously implemented leading-edge innovations into its facilities maintenance services, which include cleaning and disinfecting, landscaping, supply replenishment, HVAC service and more.
“The past year has been one of the most challenging for businesses in recent memory, which made putting together our 43rd annual Franchise 500 list more enlightening than ever,” says Entrepreneur Editor in Chief Jason Feifer. “The companies named to this year’s list showed us how being resilient, supportive, and nimble can help navigate extraordinary challenges and also underscore the grit and innovation that define entrepreneurship.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 43-year-old ranking formula continues to evolve as well. The editorial team researches and assesses several factors that go into the evaluation, including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is 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 ranking order.
Over its 43 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. OpenWorks’ position on the ranking demonstrates its strength as a franchise opportunity.
The complete listing of Entrepreneur’s 2022 Franchise 500 list is available at entrepreneur.com/franchise500.