Details
Overview
City Wide Facility Solutions is a business-to-business franchise specializing in providing a variety of maintenance and janitorial services to commercial clients. The franchise operates by connecting clients with a network of independent contractors who deliver over 20 different services, making it a comprehensive solution in the building maintenance industry.
History
City Wide was founded in 1961 and has grown to be a significant player in the building maintenance sector. The first location was established in Kansas City, and the franchise has since expanded across the United States and Canada, becoming a reputable name in commercial cleaning and facility management.
Investment Breakdown
- Initial Investment: The total investment required to open a City Wide franchise ranges from $240,650 to $411,600.
- Liquid Capital Required: $200,000
- Net Worth Requirement: $500,000
The franchise fee and initial investment cover various aspects, including business entity establishment, tax permits, office location selection, recruiting strategy, and marketing.
Industry Snapshot
The building maintenance and commercial cleaning industry is valued at around $100 billion and continues to grow. City Wide's model, which offers multiple service lines, is well-suited to capitalize on this growth. The franchise benefits from recurring revenue due to long-term client relationships, which average eight years.
Brand Information
| Cost | $70,000 |
| Investment | $178,150 - $379,100 |
| Royalty Fee | 5% |
| Brand Fund Fee | 1% |
| Founded | 1961 |
| Franchising Since | 2001 |
| Locations | 85 |
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