ASSISTED LIVING LOCATORS RANKED AMONG THE FRANCHISE ELITE IN ENTREPRENEUR’S ESTEEMED 38th ANNUAL FRANCHISE 500®
SCOTTSDALE, Ariz. -- (EMBARGOED UNTIL JANUARY 10, 2017-6:00 AM EST) – Assisted Living Locators was recently ranked in Entrepreneur magazine’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. Recognized by entrepreneurs and franchisors as a top competitive tool of measurement, the Franchise 500® placed Assisted Living Locators for its exceptional performance in areas including financial strength and stability, growth rate, and brand power.
Assisted Living Locators offers “free service” for seniors and their families providing expert advice on short-term and long-term care options including in-home care, assisted living, memory care and retirement apartments. It generates revenue from the fees paid by the assisted living facilities per placement and from in-home care referrals.
The company touts itself as the “E-Harmony of senior living providers,” trademarking its tagline, “Matchmaking Seniors with Caring Providers for Over a Decade™.”
In 2016, the company exceeded its 50th franchise mark. The milestone comes off of consecutive years of positive growth trends since the company first began franchising in 2006 as the first placement and referral franchise business in the U.S. The company has now signed 62 franchisees in 20 states and the District of Columbia.
“We spend months gathering and crunching data in order to produce the Franchise 500 ranking. We’re proud of the result and the way it continues to be a resource for the franchise community,” says Jason Feifer, editor in chief of Entrepreneur. “Like every industry, franchising is ever-evolving and must smartly react to new technologies and consumer demands. We know it takes a lot to stay competitive, and are excited to celebrate those that do it best.”
“In order to reflect the evolving business world at large, we at Entrepreneur continue to evolve our annual ranking, too,” says Ryan Shea, president of Entrepreneur. “We’ve developed new ways to measure and analyze our collected data as new critical data points come into play. We take into account pertinent factors such as social media presence and financing availability, which have become increasingly important in today’s economy. The result is a more complete and relevant Franchise 500® that can serve as a valuable resource for our readers.”
The key factors that go into Entrepreneur’s evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
Over its 38 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for entrepreneurs. Assisted Living Locator’s position on the ranking reinforces its strength in the industry.
To view Assisted Living Locators in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February issue of Entrepreneur available now on newsstands.
For more information on Assisted Living Locators, call 800-267-7816 or visit the website at www.assistedlivinglocators.com .