What Are My Startup Costs?
Owning a milliCare Floor & Textile care franchise is affordable
Each year, businesses spend more than $21 billion installing new flooring, and they want to protect that investment. With a milliCare Floor & Textile Care franchise, you have the opportunity to become a leader in the commercial flooring industry. Commercial floor cleaning is a potentially lucrative industry, too. In fact, many of our franchisees have built multi-million dollar businesses — all with an investment ranging from just $106,000 to $150,000.
Consider this: owning and operating a thriving milliCare territory is a business-to-business sales company that focuses on the long term. Our commercial flooring maintenance contracts range from $200 to more than $2 million, and that’s recurring revenue, which means you can plan for growth and long-term expansion.
At the same time, we help you keep startup costs low. Many milliCare franchise owners started out with themselves and just one or two employees before they grew into enterprise-scale organizations with more than 30 employees. When you consider the potential returns on your investment, milliCare Floor & Textile Care is remarkably affordable. Here’s a breakdown of your initial startup costs from Item 7 of our most recent FDD:
|Expenditure||Amount||Method of Payment||When Due||To Whom Payment is to be Made|
|Initial Franchise Fee||$18,000 - $35,000||Lump Sum or Installments||Upon signing Franchise Agreement; if signing Secondary Market Amendment, initial fee is paid in three installments||Company|
|Travel, lodging and related expenses during training||$3,000||As Incurred||During first year||Airlines, hotels, and restaurants|
|Start-up package of equipment and materials||$39,900||Lump Sum||Upon signing Franchise Agreement||Company|
|Rent - Three (3) months||$300 - $4,500||As incurred||Before opening||Landlord|
|Tenant improvements||$1,000 - $7,000||As incurred||Before opening||Landlord and Suppliers|
|Vehicle Expenses - Three (3) months (lease, maintenance, gas, insurance)||$3,000||As incurred||Before opening and monthly||Vendors|
|Computer equipment||$1,000 - $2,500||As Incurred||Before opening and monthly||Vendors|
|Miscellaneous||$15,000||As Incurred||As needed|
|Additional Funds - 3 months||$25,000 - $40,000||As Incurred||As needed||Employees, Vendors, Utilities, Franchisor|
|TOTAL||$106,200 - $149,900|