owner operated franchise opportunity

19 02, 2024

Neighborly® Surpasses $4 Billion in Systemwide Sales Amid 2023 Filled with Historic Private Equity Activity

2024-02-19T18:07:50-05:00February 19th, 2024|Tags: , , , , , |

The company experienced significant achievements last year, highlighted by a multitude of territory acquisitions from leading private equity firms, and foreshadowing more growth in 2024 across its brands.

WACO, Texas — Neighborly®, the world’s largest home services company, announced today during this year’s annual International Franchise Association (“IFA”) convention that it officially surpassed $4 billion in systemwide sales and 5,500 franchises globally in 2023, a milestone year during which the company’s continued success garnered an unparalleled wave of private equity investments across the global franchisor’s flagship brands.

“The substantial private equity investments we’ve attracted across our flagship brands is a major achievement that reinforces the market’s confidence in our strategic vision and highlights Neighborly and our brands as a valuable investment,” said Jon Shell, interim Chief Executive Officer of Neighborly.

The record-breaking year brought notable investments from multiple private equity sponsors:

  • In May of 2023, Eagle Merchant Partners announced its investment in Impact Home Services, an independent owner and operator of three franchises within Neighborly, serving Metro Atlanta and broader Georgia. Impact operates franchises for leading brands Mr. Rooter® Plumbing, Mr. Electric® and Precision Garage Door Service™.
  • August of 2023 saw the transformative sale of Trades Holding Company, LLC, a leading Ohio-based franchise of Mr. Rooter Plumbing and Mr. Electric, to CPC, a private holding company.
  • October of 2023 brought a groundbreaking partnership between Franchise Equity Partners (FEP) and the management of Reliable Residential HoldCo, the largest franchise owner-operator within Neighborly.
  • In November of 2023, Sydnic, LLC, a leading franchise owner of Precision Garage Door Service™, announced its acquisition by SBJ Capital, a private investment firm based in the San Francisco Bay Area, showcasing the strength and appeal of the Neighborly brands.
  • Most recently, Highland Arms Enterprises took on a strategic growth investment from Main Post Partners, a leading private equity investment firm. Together, they plan to invest further into additional Precision Garage Door Service franchise locations and additional Neighborly brands.

“These transactions combined represent investments of more than $400 million by leading private equity sponsors are a testament to the growth potential in the residential services market, and the strength of the Neighborly brands and the entire Neighborly system,” added Shell. “Each one of them is looking to further penetrate existing markets, invest in new markets, and add additional Neighborly service brands across our diverse portfolio of 19 service verticals.”

Among the many factors that positioned Neighborly as so attractive to investors, the company accomplished another year of strong same-store sales growth and exceeded its franchise development targets selling a record-breaking 468 franchises globally in 2023. As Neighborly looks ahead, the existing strategy remains the roadmap, with a commitment to expanding the footprints of its service brands and driving awareness to strengthen its presence in key markets.

Other 2023 noteworthy developments include:

  • Launched version 2.0 of the Neighborly App aimed at providing customers with a frictionless experience beyond big search platforms by making it easier to find and schedule services specific to their needs, creating more cross-branding opportunities, and driving more leads.
  • Strengthened ties with the Veteran community by engaging existing Veteran Neighborly owners at a local level and establishing partnerships with organizations like the Service Academy Career Conference (SACC) and ZeroMils.
  • Received recognition for Neighborly and its franchise brands in top industry rankings, highlighted by 18 Neighborly brands included in the Entrepreneur Franchise 500 rankings, six brands ranked #1 in their category, and 14 brands recognized for offering incentives and other programs to help veterans become franchisees. Click here to view additional awards highlights.
  • Accelerated adoption of new recruiting and retention platforms, partnerships, and tools for franchise owners.
  • A brand refresh for Window Genie® capturing the robust service offering, including residential and commercial window cleaning, window tinting, pressure washing, gutter cleaning, and holiday lighting.

“Last year was also an extremely difficult and emotional time for so many of us with the sudden passing of our CEO, Mike Bidwell, in September,” added Shell. “Mike would have been extremely proud to see how this organization rallied together to achieve such great things. We miss Mike more than words can express and we will continue to carry his vision for Neighborly forward.”

For more information about Neighborly’s service brands, visit www.neighborlybrands.com.

About Neighborly®

Neighborly® is the world’s largest home services company with more than 30 brands and 5,500 franchises in six countries that have collectively served 14 million+ customers by repairing, maintaining, and enhancing their homes and businesses. Through Neighborly.com and the Neighborly mobile app, we connect consumers to local service providers that meet rigorous franchisor standards across 19 service categories. More information about Neighborly, and its franchise concepts, is available at Neighborlybrands.com. To learn about franchising opportunities with Neighborly, click here.

13 07, 2023

Junk King Debuts Dumpster Bags: The Ultimate Convenience in Junk Removal

2023-07-13T16:43:29-04:00July 13th, 2023|Tags: , , , , , , , |

Neighborly-Backed Franchisor Introduces Innovative, Sustainable Way to Simplify Junk Removal Nationwide. 

SAN FRANCISCO — Junk King, the nation’s most eco-friendly junk removal service, has officially announced the nationwide launch of the JK Dumpster Bag, an innovative solution designed to revolutionize junk removal. With a focus on convenience, sustainability and cost-effectiveness, Junk King’s JK Dumpster Bags presents individuals and businesses alike with a simple option for eliminating unwanted junk and reclaiming valuable space.

Featuring an impressive capacity of three cubic yards, Junk King’s Dumpster Bags can accommodate up to a remarkable 3,000 pounds of junk and clutter. Designed with convenience and affordability in mind, the bags are compact, easy to set up, and readily available for immediate use. Homeowners and businesses in need of flexibility can fill the bag at their leisure and easily schedule a hassle-free pickup, streamlining the junk removal process for any project without the need for excessive equipment.

“We are thrilled to introduce the JK Dumpster Bag, as they offer a professional and efficient solution for customers, especially those who need to tackle smaller projects. We understand that not every job requires a large dumpster, and our JK Dumpster Bag provides the perfect balance of ease and affordability,” said Lisa MerryBrand President of Junk King. “This is a great addition to our range of services and a testament to our commitment to delivering innovative solutions to our valued customers.”

The launch of the JK Dumpster Bag represents a significant milestone for Junk King, solidifying their dedication to customer satisfaction and environmental responsibility. Priced at $27.99, these bags are both cost-effective for customers and provide Junk King franchise owners an additional revenue stream to support their bottom line. As part of Neighborly, the world’s largest home services company, Junk King is well positioned to leverage the JK Dumpster Bag rollout nationwide.

In addition to the company’s professionalism, eco-friendly recycling and award-winning customer service, businesses and residents alike choose Junk King because of the brand’s state-of-the-art technology systems that allow customers to schedule a pick-up in real time. With the online booking system all it takes is a few clicks and within a matter of minutes Junk King can be scheduled and the job can be completed.

For more information about Junk King and the JK Dumpster Bag services, please visit https://www.junk-king.com/services/jk-dumpster-bag.

About Junk King

Founded in 2005, Junk King was started by two friends in a two-car garage in San Carlos, California. In 2010, the company began expansion efforts through franchising. Today, Junk King is part of Neighborly, the world’s largest home services company, and is the second largest junk removal company in North America with more than 170 locations and nearly 600-plus trucks on the road. Junk King saves consumers time and money by eliminating unwanted clutter quickly and efficiently as well as being best known for its professionalism, advanced technology programs and commitment to recycling, repurposing and reusing materials.

For more information about Junk King, please visit www.junk-king.com/. To inquire about franchise opportunities, visit www.junk-king.com/franchising/.

9 11, 2022

Dryer Vent Wizard® Celebrates National Sock Day by Donating Socks to Local Shelters

2022-11-09T10:29:49-05:00November 9th, 2022|Tags: , , , , , , |

Franchise Owners and Employees across the U.S. Participate in Giving Back to their Communities.

WACO, Texas — To celebrate National Sock Day, Dryer Vent Wizard®, a Neighborly® company, is collaborating with the Sock It To ‘Em Campaign during the month of November through National Sock Day (December 4, 2022), donating socks to homeless shelters across the U.S. to help raise awareness about how sock donations can provide warmth to those in need during the winter season. Socks are the least donated item to homeless shelters, but a much-needed clothing item by those experiencing homelessness and seeking warmth during colder weather.

“We know this time of year can be tough for some people and we’re excited to have the opportunity to collaborate with Sock It To Em Campaign to help provide socks to people in need,” said Jason Kapica, President of Dryer Vent Wizard, a Neighborly company. “Socks are the one article of clothing people may forget about when making a donation but providing a brand-new pair of socks through this initiative can make a real difference.”

Dryer Vent Wizard franchise locations and local communities across the nation are encouraged to take part in this campaign and donate socks through the Sock It To Em Campaign link found here, or at a local homeless shelter.

“We are thrilled that the small business owners at Dryer Vent Wizard and people within their communities are willing to donate new socks to cover the feet of those who need them,” said Susan Lee, Co-Founder and Executive Director of Sock It To Em Campaign. “It’s a great way to get the whole community involved for a good cause that will bring joy and warmth to those in need, and what better time than the Holiday season.”

Sock It To Em Campaign is a nonprofit organization that aims to provide new socks to men, women and children experiencing homelessness and in need. In the past 10 years, Sock It To Em Campaign has given away almost 900,000 pairs of socks in 41 states. Dryer Vent Wizard hopes to work together with Sock It To Em Campaign to reach their 1 million-pair goal for sock donations.

About Dryer Vent Wizard®

Dryer Vent Wizard®, a Neighborly® company, provides professional dryer duct and vent cleaning, inspection, repair, and maintenance services. Dryer Vent Wizard® operates throughout both the United States and Canada with more than 130 independently owned and operated franchise locations. Established in 2011, Dryer Vent Wizard® is part of Neighborly®, the world’s largest home services company with more than 30 brands and 5,000 franchises collectively serving 12 million+ customers in six countries, focused on repairing, maintaining and enhancing homes and businesses. Neighborly® brands are found at Neighborly.com and through the Neighborly App. For more information about Dryer Vent Wizard®, visit DryerVentWizard.com.

2 11, 2022

Neighborly® Acquires Junk King®, the Nation’s Top-Rated Junk Removal and Hauling Company

2022-11-02T15:25:43-04:00November 2nd, 2022|Tags: , , , , , , |

Latest acquisition adds a new service vertical and further solidifies the company’s intent to become the Hub for Home Services for consumers.

WACO, Texas — Neighborly®, the world’s largest home services company, announced today its acquisition of Junk King®, the nation’s top-rated junk removal and hauling company. Junk King has more than 150 locally owned franchises across 32 states and in Canada (as Junk Works®). This acquisition enters Neighborly into an entirely new service vertical and reinforces its position as the Hub for Home Services™.

“At Neighborly, we want to be the mainstream home services a homeowner typically needs on a reoccurring basis,” said Mike Bidwell, President and CEO of Neighborly. “We saw Junk King as another excellent opportunity to expand into a new service vertical with a brand that has a strong reoccurring business model and potential for growth. Junk King is one of a handful of scaled franchised companies operating in the $10 billion junk removal market today.”

Co-founder Michael Andreacchi started the company from his garage in San Carlos, California in 2005 and began franchising it in 2010. Today, the customer-centric brand prides itself on its unparalleled service and its goal to keep 60% of all materials it collects out of landfills by repurposing materials and recycling as much as it can. Junk King’s extra-large trucks — which are 20% bigger than its competitors’ — also work to decrease its carbon footprint while saving customers money at the same time.

“I never would have dreamed that we could grow Junk King into what it has become in the market today,” said Andreacchi. “This is due to the hard work and perseverance of our leadership team and employees, and further reinforced by our franchise owners, who believed in our vision and propelled the brand through their entrepreneurial drive. Now, with the opportunity for Junk King to join the largest home services company in the world, there’s no limit to how large this brand can become, and I’m certain this is the right step for the future.”

Lisa Merry, Chief Operating Officer for Junk King, has assumed a new role as Brand President. Merry has extensive experience in franchising with multiple prior leadership roles at Huntington Learning Centers, Coverall Health-Based Cleaning and School of Rock. Andreacchi will remain connected as an investor and Brand Ambassador for Junk King.

Neighborly recognizes that every associate plays a role in the overall value creation for the company. Junk King employees will be eligible to begin vesting into the Neighborly Associate Equity Program.

Boxwood Partners served as the exclusive sell-side advisor to Junk King for the transaction.

For more information about Neighborly’s service brands, visit www.neighborlybrands.com.

About Neighborly®
Neighborly is the world’s largest home services company with more than 30 brands and 5,000 franchises collectively serving 12 million+ customers in six countries, focused on repairing, maintaining and enhancing homes and businesses. The company operates online platforms that connect consumers to service providers in their local communities that meet their rigorous standards as a franchisor across 18 service categories at Neighborly.com or through the Neighborly App. More information about Neighborly®, and its franchise concepts, is available at Neighborlybrands.com.

About Junk King®

Founded in 2005, Junk King was started by two friends in a two-car garage in San Carlos, California. In 2010, the company began franchising. Today, Junk King is the second largest junk removal company in North America with over 150 units and 70 franchisees. In the next five years, Junk King plans to add an additional 125 franchisees and 400 units in key markets throughout North America. Junk King saves consumers time and money by eliminating unwanted clutter quickly and efficiently. Junk King is best known for its professionalism, advanced technology programs and commitment to recycling, repurposing and reusing materials. The brand is currently the highest rated service business in North America with a net promoter score exceeding 90.

For more information about Junk King, please visit http://www.junk-king.com/. To inquire about franchise opportunities, visit http://www.junk-king.com/franchising/.

15 09, 2022

Neighborly® Named One of America’s Fastest-Growing Private Companies by Inc. Magazine for the Fourth Consecutive Year

2022-09-15T16:31:51-04:00September 15th, 2022|Tags: , , , , , |

World’s largest franchisor of home service brands appears on the prestigious Inc. 5000 list with a three-year growth rate of 93%.

WACO, TexasNeighborly®, the world’s largest home services company, announced today its inclusion in the 2022 Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies, marking the fourth consecutive year that the company has been ranked on the list.

Neighborly has grown to more than 30 brands and 5,000 franchise units collectively serving 12 million+ customers in six countries, focused on repairing, maintaining, and enhancing homes. The Inc. 5000 ranking follows other major recognitions the brand has received this year, including 15 Neighborly brands ranked in Entrepreneur’s Franchise 500® and Mike Bidwell, CEO of Neighborly, recognized as Central Plains Entrepreneur Of The Year® by Ernst & Young. Neighborly’s consistent inclusion in the Inc. 5000 list, in addition to receiving multiple other accolades, is a testament to its growth year-after-year, cementing its status as a leader in the home services industry.

“I’m honored that Neighborly has once again been recognized in the prestigious Inc. 5000 list alongside some of the fastest-growing and most innovative organizations in the country,” said Mike Bidwell, President and CEO of Neighborly. “As Neighborly continues to expand our offerings, our “Done Right Promise” ensures that homeowners will receive the quality of work they trust us to provide every time across every brand. We are honored to have been listed among the best and brightest for the past four years and strive to continue to grow and enrich our homeowners’ lives for years to come.”

The annual Inc. 5000 list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Recognizing the fastest-growing companies in the country, Neighborly ranks with well-known brands including Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many others with national exposure as honorees in the list.

“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” said Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc.

More information about Neighborly and its franchise concepts is available at https://www.neighborlybrands.com/. To learn about franchising opportunities with Neighborly®, visit https://franchise.neighborly.com.

More about Inc. and the Inc. 5000
Methodology

Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine’s September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.

About Inc.

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/.

About Neighborly®

Neighborly® is the world’s largest home services company with more than 30 brands and 5,000 franchises collectively serving 12 million+ customers in six countries, focused on repairing, maintaining, and enhancing homes and businesses. The company operates online platforms that connect consumers to service providers in their local communities that meet their rigorous standards as a franchisor across 18 service categories at Neighborly.com or through the Neighborly App. More information about Neighborly®, and its franchise concepts, is available at Neighborlybrands.com.

3 06, 2022

Neighborly® Heats Up for National Homeownership Month in Raleigh-Durham, One of the Hottest Housing Markets

2022-06-03T09:21:27-04:00June 3rd, 2022|Tags: , , , , , |

Local Neighborly community of home service experts outlines top projects to help homeowners upgrade their spaces during the most popular season to sell.

RALEIGH-DURHAM, N.C. — An estimated 5.95 million existing homes will be sold in the U.S. in 2022, and  Neighborly®, the world’s largest franchisor of home service brands, is calling the hot residential market in Raleigh-Durham one of the top regions for a strong return on the investment.

In conjunction with National Homeownership Month, the most popular time to put a home on the market, the home team for home services at Neighborly just released its guide for the top “Tips for Getting Your Home Market-Ready.”

The Neighborly checklist comes at a perfect time following a joint report from the Wall Street Journal and Realtor.com that ranks Raleigh as one of the top 20 emerging housing markets for investors and homeowners alike.

The checklist includes expert advice from Neighborly’s Raleigh-Durham network of trusted brands and outlines the top professional services that Raleigh-Durham homeowners should consider when preparing their home to sell this summer. These local owner-operators whose teams are vetted in a variety of specific services are also backed by Neighborly’s Done Right Promise™ to ensure the highest quality of work.

The checklist includes but is not limited to projects such as:

  • Bringing your home up to code
  • Fixing plumbing issues
  • Upgrading kitchen appliances
  • Scheduling a home inspection
  • Pressure washing the home exterior
  • Replacing outdated light fixtures
  • Adding a kitchen pantry

“If you look around your home and see scuffed walls, broken appliances or overgrown flower beds that need attention, these shortcomings can lead to lower offers from a homebuyer even in booming housing markets,” said David Burdine, a local Raleigh-Durham owner of Mosquito Joe of Western Wake County, a Neighborly company. “But not every project has a DIY solution. That’s why our local network of Neighborly home service experts is committed to assisting homeowners in the Triangle area in making the necessary home upgrades needed before their homes hit the market to ease the stress of the selling process, especially during the most popular season to sell.”

In addition to utilizing the checklist, new customers in the Raleigh-Durham area will receive $20 off their first service when scheduling an initial appointment with one of Neighborly’s 17 brands in the area. Terms and conditions apply. Connect with Neighborly by visiting neighborly.com/raleigh-durham or by calling (833) 733-1096.

“Selling a home should be an exciting time for homeowners,” said Mike Bidwell, President and CEO of Neighborly. “Our hope is that with our checklist, Raleigh-Durham residents will trust calling upon our Neighborly service professionals who are driven by our Done Right Promise™ to take care of their home improvement projects, making the experience of putting a home on the market positive and enjoyable.”

For more information about Neighborly’s service brands, visit www.neighborlybrands.com.

About Neighborly®

Neighborly® is the world’s largest home services franchisor of 29 brands and 5,000 franchises collectively serving 10 million+ customers in nine countries, focused on repairing, maintaining and enhancing homes and businesses. The company operates online platforms that connect consumers to service providers in their local communities that meet their rigorous standards as a franchisor across 18 service categories at Neighborly.com or through the Neighborly App. More information about Neighborly®, and its franchise concepts, is available at Neighborlybrands.com.

5 05, 2022

Neighborly® Steps Up as Raleigh-Durham’s Home Team for Home Services with Guide for which Projects NOT to DIY this National Home Improvement Month

2022-05-05T13:07:26-04:00May 5th, 2022|Tags: , , , , , |

As local homeowners give their spaces some extra love this month, Neighborly’s community of home service experts ensures your job gets done right.

RALEIGH-DURHAM, N.C. — Neighborly®, the world’s largest franchisor of home service brands and Raleigh-Durham’s hub for home services, just released its guide to the “Top Home Improvement Projects You Should NOT Do Yourself,” just in time for National Home Improvement Month. The checklist provides Raleigh-Durham residents with a comprehensive list of summertime home improvement tasks that can become exceptionally costly or even dangerous when mishandled by homeowners themselves.

The checklist includes expert advice from Neighborly’s Raleigh-Durham network of trusted brands, behind which are the local owner-operators whose teams are vetted in a variety of specific services and are backed by Neighborly’s Done Right Promise™ to ensure the highest quality of work.

The checklist includes but is not limited to projects such as:

  • Wiring upgrades
  • Garage door repairs
  • Irrigation installation
  • Window tinting
  • Mosquito control
  • House painting
  • Storage solutions

“We often get an opportunity to follow-up on DIY projects that did not work out as intended,” said Bruce Foster, a local Raleigh-Durham owner of Mr. Handyman, a Neighborly company. “Neighborly is a family of home service companies here in the Raleigh-Durham area with experts who are committed to helping educate and assist homeowners to repair, maintain and enhance their property. By doing so, we can help them avoid long-term and potentially more costly repairs while increasing the value of their homes. I am excited to be part of this family of local business owners who are all dedicated to getting the job done right for every neighbor in our community.”

In addition to utilizing the checklist, new customers in the Raleigh-Durham area will receive an offer for $20 off their first service when scheduling an initial appointment with one of Neighborly’s 17 brands in the area. See coupon for details. Connect with Neighborly by visiting neighborly.com/raleigh-durham or by calling (833) 733-1096.

“Despite the valid popularity of the DIY approach to home improvement, there are projects that – when not handled by a vetted professional with the proper training and expertise – are dangerous or may ultimately end up costing more by inflicting extra harm to your home,” said Mike Bidwell, President and CEO of Neighborly. “With our checklist, Neighborly is not only providing homeowners with expert home maintenance recommendations to save valuable time and a possible headache but also connecting them to trusted local home service professionals whose work is backed by Neighborly’s Done Right Promise™.

For more information about Neighborly’s service brands, visit www.neighborlybrands.com.

About Neighborly®

Neighborly® is the world’s largest home services franchisor of 29 brands and 5,000 franchises collectively serving 10 million+ customers in nine countries, focused on repairing, maintaining and enhancing homes and businesses. The company operates online platforms that connect consumers to service providers in their local communities that meet their rigorous standards as a franchisor across 18 service categories at Neighborly.com or through the Neighborly App. More information about Neighborly®, and its franchise concepts, is available at Neighborlybrands.com.

25 02, 2022

Neighborly® Kicks Off 2022 Reaching 5,000 Franchise Milestone

2022-02-25T09:23:44-05:00February 25th, 2022|Tags: , , , , , |

Significant development and same-store sales growth positions the global home service franchisor for continued expansion.

WACO, Texas — Neighborly®, the world’s largest franchisor of home service brands, announced today ahead of the International Franchise Association’s annual conference in San Diego the expansion of the company’s global footprint to 5,000 franchises representing 29 total brands across nine countries. In addition, the company achieved record same store sales growth for 2021 and systemwide sales of $3.3 billion. The company was acquired by KKR, one of the world’s leading investment firms, in third quarter 2021.

“We have ambitious plans to capitalize on this upward momentum and look forward to our next chapter of growth and innovation with KKR’s support and global expertise,” said Mike Bidwell, CEO of Neighborly. “Last year was significant for Neighborly as we validated our business-building strategy and differentiated ourselves as the partner of choice for our franchise owners and 10 million customers worldwide.”

The largest provider and franchisor of home service brands embarked on a digital transformation with a refreshed Neighborly.com website and the launch of the U.S. Neighborly app. To help drive further growth, Neighborly recently launched an all-new website for potential new business owners to explore franchising opportunities.

“As a franchisor, Neighborly simply could not have asked for a better year than we experienced in 2021 with more units sold in one year than ever before, expanding our franchise network in numerous areas and taking our Own the Home™ strategy to new heights,” said Brad Stevenson, Chief Development Officer for Neighborly. “Our franchise model proved itself to be resilient once again through its continuous evolution and innovation, and I’m proud of our family of home service brands for achieving significant growth while simultaneously delivering on our ‘Done Right Promise’ to thousands of communities.”

Neighborly’s 2021 success as a franchisor is already earning the organization coveted industry recognition in the new year, with numerous Neighborly brands included on the recently announced 2022 rankings for Entrepreneur’s Franchise 500® and Franchise Business Review’s Franchisee Satisfaction Awards.

Other noteworthy Neighborly developments from 2021 include:

  • The grand opening of a second Neighborly headquarters office in Las Colinas, Texas;
  • Roger Chacko joining Neighborly as the new Chief Strategy & Marketing Officer;
  • Held its first annual conference in person since the onset of the pandemic, appropriately themed “Coming Together”;
  • Successfully completed multiple acquisitions, including London-based Pimlico Plumbers;
  • Reached 40-year company milestone, being founded in 1981.

For more information about Neighborly’s service brands visit https://www.neighborlybrands.com/.

About Neighborly

Neighborly® is the world’s largest home services franchisor of 29 brands and 5,000 franchises collectively serving 10 million+ customers in nine countries, focused on repairing, maintaining and enhancing homes and businesses. The company operates online platforms that connect consumers to service providers in their local communities that meet their rigorous standards as a franchisor across 18 service categories at Neighborly.com and through the Neighborly app More information about Neighborly, and its franchise concepts, is available at Neighborlybrands.com.

17 12, 2021

New Year, New Home: Neighborly Shares its Top Trends Homeowners Should Know for 2022

2021-12-17T10:27:26-05:00December 17th, 2021|Tags: , , , , , |

Perfect for the digital age and with people spending more time at home, Neighborly’s new mobile app is the answer to tackling all home service needs in the new year.

WACO, TexasNeighborly®, the world’s largest franchisor of home service brands focused on repairing, maintaining and enhancing homes and businesses, released today a list of expert-recommended and trending home service projects for homeowners to prioritize in 2022, serving as a guide for the new year and now accessible on Neighborly’s new mobile app, available for both iOS and Android.

“The shift to so much more of the world working from home has created more demand for home repairs, maintenance and enhancements to improve the look, feel and performance level of the home,” said Mike Bidwell, President and CEO of Neighborly. “By identifying the top home maintenance trends for homeowners to focus on in the coming year with this list made available through our new mobile app, we’re not only making expert guidance readily available to and quickly accessible for our customers, but we are also simplifying the process for homeowners to then connect with trusted local providers whose work is backed by Neighborly’s Done Right Promise™.”

Neighborly’s list of 2022 home service trends is provided in the form of actionable items that any homeowner can look into, along with calling out those projects that are best handled by expert professionals across Neighborly’s 29 home service brands including Mr. Handyman, Mr. Appliance, Aire Serv and many more.

This 2022 guide includes but is not limited to projects such as:

  • Installing an ultraviolet light to your air filter system for improved air quality.
  • Investing in a tankless water heater to help save on energy and maintenance costs.
  • Adding a home fire suppression system to extinguish or contain fires in less than two minutes.
  • Protecting your home from flooding by installing a basement waterproofing system.

To access the full list of trending home maintenance projects for the new year, download the Neighborly app by visiting https://www.neighborly.com/.

In addition to housing this list and other useful resources created to help homeowners keep their homes in the best possible shape, the Neighborly app is currently offering its users the chance to enter the Neighborly Sweepstakes upon downloading. Users who begin regularly using the app and checking into the Sweepstakes daily will have a chance to win daily gift cards or discounted services and will also receive daily entries for a chance to win a grand prize of $10,000.

For more information about Neighborly’s service brands, visit www.neighborlybrands.com.

NO PURCHASE NECESSARY. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. LEGAL RESIDENTS OF THE 50 UNITED STATES (D.C.) 18 YEARS AND OLDER. VOID WHERE PROHIBITED. Promotion ends 12/31/21. For Official Rules, alternate method of entry, prize descriptions and odds disclosure, visit http://neighborly.com/rules. Sponsor: Dwyer Franchising LLC d/b/a Neighborly, 1010 North University Parks Drive, Waco, TX 76707.

About Neighborly®

Neighborly® is the world’s largest home services franchisor of 29 brands and more than 4,800 franchises collectively serving 10 million+ customers in nine countries, focused on repairing, maintaining and enhancing homes and businesses. The company operates online platforms that connect consumers to service providers in their local communities that meet their rigorous standards as a franchisor across 18 service categories at Neighborly.com. More information about Neighborly, and its franchise concepts, is available at Neighborlybrands.com.

3 12, 2021

Neighborly Targets New York Metro for Continued Global Expansion of Family of Home Service Brands

2021-12-03T12:46:44-05:00December 3rd, 2021|Tags: , , , , , |

As interest rises in recession-resilient home service franchises due to homeownership trends, franchisor seeks growth opportunities in roughly 150 New York territories.

WACO, Texas — Neighborly®, the world’s largest franchisor of home service brands, announced today its plans for rapidly expanding its footprint across the New York Metro area.

Within the counties surrounding New York City’s five boroughs, Neighborly has identified roughly 150 territories in which it is actively seeking to open new franchise businesses with 10 of the organization’s trusted brands.

“The recession-resilient nature we’ve seen within the last year from the home services sector has led to increased investment interest in franchises that specialize in services ranging from painting to plumbing and everything in between, and excellence in this space is what Neighborly’s 40-year legacy is built on,” said Brad Stevenson, Chief Development Officer of Neighborly. “Today’s homeowners are relying more than ever on professionals for maintenance and enhancements of their homes. Given the large population of suburban, single-family homes in the New York metro counties where we’ve identified development opportunities, Neighborly is eager to partner with aspiring business owners looking to deliver Neighborly’s essential services from across our roster of brands to these communities.”

The following Neighborly brands are actively seeking both multi-unit and single-unit prospective owners across all of the available New York metro territories:

  • The Grounds Guys, with more than 15 territories available for development;
  • Mr. Electric, with more than 15 territories available for development;
  • Window Genie, with more than 15 territories available for development;
  • Molly Maid, with more than 10 territories available for development;
  • Aire Serv, with more than 10 territories available for development;
  • Real Property Management, with more than 10 territories available for development;
  • Dryer Vent Wizard, with more than five territories available for development;
  • Five Star Painting, with more than five territories available for development;
  • Mosquito Joe, with more than five territories available for development;
  • Mr. Handyman, with more than five territories available for development.

Across the 150 territories being targeted with this growth initiative, four of the New York metro area’s counties — Suffolk, Westchester and Rockland, New York, as well as Bergen, New Jersey — stand out as they encompass about 40 of these available territories.

“As we continue pursuing our vision to Own The Home™ through Neighborly’s family of home service brands, our franchise owners can expect more and more cross-marketing opportunities from one Neighborly brand to the next,” said Stevenson. “In the New York metro market which is ripe with homeowners in need of the professional services we are known for, we look forward to teaming up with driven franchise owners with whom we can work to spread the positive impact of Neighborly’s values-driven business practices.”

Neighborly’s franchising brand initial investments range from $70,800 to $652,980 depending on the specific Neighborly brand, with incentive programs available for veterans.* Interested prospects can find out more information here.

*See item 7 of the Franchise Disclosure Document for full information.

About Neighborly® 

Neighborly® is the world’s largest home services franchisor of 29 brands and nearly 5,000 franchises collectively serving 10 million+ customers in nine countries, focused on repairing, maintaining, and enhancing homes and businesses. The company operates online platforms that connect consumers to service providers in their local communities that meet their rigorous standards as a franchisor across 18 service categories at Neighborly.com and through the Neighborly App. More information about Neighborly, and its franchise concepts, is available at Neighborlybrands.com.