CITY WIDE Franchise Startup Cost, Profit Margin, Revenue and Locations
There are quite number of franchise opportunities available for entrepreneurs to buy from, but there are none that has so much functionality in the building, maintenance and janitorial industry just as City Wide does. The company has a workable franchise model and their franchise is available for those individuals that are seeking to excel in sales and management world. So the question now is how much is a City Wide franchise?
FRANCHISE INFORMATION ABOUT THE COMPANY
City Wide Maintenance was established in the year 1961 and they are involved in the building maintenance services rendered to commercial buildings all over the United States. The services the company renders include commercial cleaning, flooring and carpet care, supplies and consumables, window cleaning janitorial services and parking lot services.
IS CITY WIDE A FRANCHISE?
Is City Wide a franchise? Yes the company is a franchise and they have been selling franchise opportunity since the year 2001.
THE CITY WIDE FRANCHISE REVIEW
The City Wide franchise model has its leverage on the the popular business trend of outsourcing. The company offers more than 20 services in the commercial building maintenance industry. The markets the company serves is so large that most contracts are renewed automatically. This presents franchisees with the company the medium to grow their business in an industry that is virtually recession-proof.
City Wide franchisees will be involved in the sales of accounts and sealing a sound contractor/client relationship. Within the City Wide system, franchisees will enjoy quality life in a business that does not need so many employees to operate with minimum expenses for inventory and equipment.
WHY BUY A CITY WIDE FRANCHISE?
- The company has a proven business and franchise model. They have been in existence since the year 1961, giving them so many years of experience in the maintenance business.
- Since commercial properties are everywhere, a franchisee with the company has the potential of eraning so much from the franchise as they can even get prospects with commercial buildings within their immediate environemnet.
- Clients have the potential to patronise your services severally through cross-selling as there are so much services to render to them.
- The business requires little equipment and inventory expenses.
- A franchisee with City Wide does not need so much industry experience to excel in the business.
- One of the biggest benefits that a franchisee gets with the company is the designation of a part-time facility manager by the company to their franchise unit. This manager will not be on your pay-roll and you will benefit so much from his wide experiences in about the 20 different services that the company offers to their clients.
HOW MUCH DOES A CITY WIDE FRANCHISE COST?
The City Wide franchise cost will be the aggreagate of all the investments that are needed to set up a franchise unit. In order for a franchisee to be able to run the unit without hassle, an initial investment of about $122,000 –$200,000 will be needed. A net-worth requirement of about $500,000 is also required as well as a liquid cash requirement of about $150,000.
CITY WIDE FRANCHISE FEE
Every new franchisee with the company will also be expected to make an initial franchise fee, which is the payment that the company accepts to grant the franchisee the license to operate under the City Wide’s Brand identity. The City Wide franchise fee is $60,000. With an additional on-going royalty fee of 5% and an ad royalty fee of 1%
Every new franchisee will be entitled to get training by the company. There will be an intensive training for 2 weeks at the company’s head office and an additional 2 weeks on-site training at the franchisee’s location. City Wide will also provide an on-going support. The company assures their franchisees continued assistance to help them achieve their dreams attaining success in the business.
The company has both small markets and major territories available for their franchisees for development and they are seeking franchisees to take up these locations.
As a franchise owner with the company, you will benefit from the exclusive rights City Wide has in major markets that have populations of about 500,000 and more. All you need is a single office and you have the potential of making all the businesses within your territory a prospect
DOES CITY WIDE OFFER FUNDING?
The company does offer funding to cover for 50% of the initial franchise fee for eligible candidates. Although franchisees can also benefit from the company’s 3rd party relationship with lenders. Franchisee can get financing up to the tune of $150,000.
HOW TO OPEN A CITY WIDE FRANHCISE
Once you have acquinted yourself with all the information in this article. The next thing to understand is how to open a City Wide franchise. you start by forwarding your application to the website of the company once you gave ascertained your eligibility to open a franchise unit.
The company will review your application and then get back to you. If your application is approved, a franchise manager will be assigned to you. He alongside his team will assist you in setting up your new City Wide franchise unit.