Paul Davis Restoration has been recognized as one of the top 500 franchises in Entrepreneur’s Franchise500®, the world’s first, best and most comprehensive franchise ranking. The Franchise500 list is a highly sought-after honor in the franchise community. Recognized as an invaluable resource for potential franchisees, the 2022 franchise list ranks Paul Davis Restoration at #120 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power. The company jumped 119 slots in the ranking since 2021, an astounding accomplishment.
Watch above for a conversation between C&R and Paul Davis COO Mike Hopkins on
PDR’s growth, goals, 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.”
“We are so honored to be recognized on this prestigious list,” said Mike Hopkins, COO of Paul Davis, “Our business model, collaborative support, and franchise development team get all the credit for our growth this past year. The key to success has been our pairing with franchise owners who are eager to build big healthy businesses focused on being the employer of choice and making a difference in their communities. We are calling them the Difference Makers. ™”
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.