Entrepreneur magazine, a leading publication in the franchise industry, recently named milliCare commercial floor care franchise to the prestigious Franchise 500 list. With more than 3,000 companies applying, this Franchise 500 ranking is one of the most competitive ever. milliCare made the list at #215.
“We are honored that Entrepreneur included milliCare on this list,” says Bill Helton, Director of Franchise Development for milliCare. “Now is a great time to join milliCare. We have an affordable opportunity with little organized national competition. The profit potential is huge, as some annual service contracts go for as much as $2 million.”
For almost four decades, Entrepreneur has been compiling its list of the best franchises to own. They use a proprietary ranking formula, which looks at the following criteria: cost and fees, size and growth, support, brand strength, and financial strength and stability.
To be eligible to rank, a franchisor must be seeking new franchisees in the U.S. or Canada and must have had a minimum of 10 units open and operating as of July 31, 2017, with at least one franchise in North America. Companies in Chapter 11 bankruptcy proceedings were not eligible. Then, each eligible franchisor was scored based on more than 150 data points, and those with the highest cumulative scores became the Franchise 500.
Becoming a milliCare franchisee is an excellent investment for 2018 for entrepreneurs who are looking to own a business that is consistently economically viable with enormous profit potential. Our top 25 percent of franchisees do more than $1.7 million a year in revenue.
milliCare operates in an industry that’s nearly impervious to the changing economy: commercial floor cleaning and maintenance. “If the economy is booming, that means there is a lot of building going on, which gives us many opportunities with the add-ons to the buildings and the new construction,” says Helton. “If the economy is down, then business owners and facility managers don’t want to spend the money to put in new flooring. It’s critical to them that their flooring lasts. So with what milliCare provides, we can sometimes double or triple the life of their existing flooring. Either way, milliCare franchisees see steady business, despite the whims of the economy.”
Inclusion on Entrepreneur’s list is a ringing endorsement for the potential with our franchise opportunity. According to their website, “Those franchises that rose to the top reveal the newest trends as well as the industries that keep going strong decade after decade.”
We have launched an aggressive franchise recruitment campaign and are excited to see how our brand grows this year. milliCare has multiple markets available for development and expansion throughout the United States, including Atlanta, Chicago, Denver, Minneapolis, Las Vegas, San Diego, Dallas, Houston and San Antonio.