CLEVELAND, OH, January 26, 2014 /24-7PressRelease/ -- Three is the lucky number for Weed Man USA, North America's leading lawn care franchise company. For the third year in a row, the company has earned the number one spot in the lawn care category for Entrepreneur magazine's annual Franchise 500 , the world's first, best and most comprehensive franchise ranking.
Ranking No. 98 overall, Weed Man is recognized for its exceptional performance in areas including financial strength and stability, growth rate, and system size. With a current presence in more than 324 territories across the country, Weed Man USA added 55 additional territories in 2013 and plans to add 50 more territories nationwide in 2014.
"Our franchise system has experienced tremendous growth in 2013 and the Franchise 500 ranking is a testament to the strength of our brand," said Jennifer Lemcke, COO of Turf Holdings, Inc. and Weed Man USA. "Last year, the lawn industry grew more than $3 billion alone to an estimated $67 billion industry. As the consumer demand for lawn care services continues to increase, lawn care franchise opportunities, such as Weed Man, have become progressively more popular."
The rankings for all 500 companies are determined using an exclusive formula that takes into account objective and quantifiable factors. An independent CPA analyzes all financial data. The most important factors include financial strength and stability, growth rate and size of the system. All franchises are given a cumulative score, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order.
"Compiling the Franchise 500 every year gives us the opportunity to share data-driven insights, reflect on areas seeing progress and acknowledge the companies that have risen to the top," says Amy Cosper, VP and editor in chief of Entrepreneur. "Franchises play an important part in economic growth, and the names in the ranking are leading the way with their continued and emerging business success."
Furthermore, to assist new and existing owners who are looking to expand their franchise, the company recently launched a partnership with BoeFly, the No. 1 marketplace for franchise lending. BoeFly revolutionizes how deals get done by seamlessly connecting all parties, including lenders, borrowers, franchisors, investors, buyers and sellers to a potential transaction and facilitating the efficient completion of the transactions.
With an initial investment ranging between $40,000 and $60,000, the Weed Man franchise network offers prospects exciting opportunities to be part of the company's nationwide growth. For more information on Weed Man USA franchising opportunities, visit http://www.weedmanfranchise.com.
About Weed Man
Weed Man USA, North America's No. 1 franchised lawn care provider, is a network of locally owned and operated lawn care businesses providing environmentally responsible fertilization, weed control and integrated pest management services. For more than 40 years, Weed Man's promise has always been the same: Weed Man treats every lawn as if it was their own and provides customers with honest and open communication. Weed Man entered the U.S. market in 1995 through a licensing agreement with Turf Holdings, Inc. Today Weed Man helps support franchisees in more than 310 territories throughout the United States. For more information, visit http://www.weedmanfranchise.com.
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