March 21, 2007: One Hour Air Conditioning & Heating Is Nation's Fastest-Growing Franchise
March 21, 2007
SARASOTA, Fla. - Clockwork Home Services Inc. announced that its One Hour Air Conditioning & Heating unit has been named the nation’s No. 1 fastest-growing franchise, according to Franchise Times’ annual “Fast 55” ranking of the fastest-growing franchises in the country. Franchise Times reports in its current issue that for the last five-year period, One Hour had a five-year average franchised unit growth rate of 2,592 percent - almost twice the reported growth rate of the next ranked franchise. One Hour moved to the No. 1 spot up from No. 2 in last year’s “Fast 55” ranking.
Clockwork’s Benjamin Franklin Plumbing franchise unit ranked No. 36 on Franchise Times’ 2007 list - up from No. 40 in the prior year - with a five-year average franchised unit growth rate of 377 percent.
“We are very pleased that Franchise Times has recognized the outstanding performance of our One Hour Air and Benjamin Franklin Plumbing franchises, which continue to experience impressive growth and wide appeal to contractors that are committed to best practices in customer service and consider us a leader,” said Tab Hunter, president of franchise operations for Clockwork Home Services. “We are continuing to see significant momentum in our franchise sales, which are being driven by contractors’ confidence in our brand reputation, on-time customer service policy, and professional business practices. We believe that our strict standard of providing high quality and on-time customer service by professional and well-trained technicians is a good win-win recipe for our continued growth and future success in the home services industry.”
As of Jan. 1, 2007, One Hour and Benjamin Franklin Plumbing had a total of 148 and 138 franchisees and company-owned operations in more than 185 and 205 territories in the U.S. and Canada, respectively. Collectively, these two franchises serve a population of nearly 40 million consumers.
One Hour and Benjamin Franklin Plumbing provide air conditioning, heating, and plumbing contractors with management consulting services, increased purchasing power, front line and technician training schools, and the benefits of a national brand.
Clockwork currently operates electrical, plumbing, heating, and air conditioning franchises within its portfolio of home services franchises. In eight years, the organization, originally formed as VenVest Inc., has exceeded $500 million in system-wide sales as of December 2006.
For more information about One Hour Air Conditioning & Heating, visit www.onehourair.com. For more information about Benjamin Franklin Plumbing, visit www.benfranklinplumbing.com. For more information about Clockwork Home Services, visit www.clockworkhomeservices.com.
Publication date: 03/19/2007