For a second year in a row, Weed Man USA has earned the No. 1 spot in the lawn care category for Entrepreneur magazine’s annual Franchise 500.
Ranking No. 89 overall, Weed Man is recognized for its performance in areas including financial strength and stability, growth rate and system size.
Since 2009, the company has jumped up 300 spots. Furthermore, Weed Man USA is finishing up 2012 with systemwide sales of nearly $115 million and an average customer renewal rate of approximately 75 percent. At year-end 2012, 16 Weed Man franchisees were reporting more than $1 million in annual revenues.
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 of the franchises are given a cumulative score, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order.