City Wide Named to Entrepreneur Magazine’s 38th Annual Franchise 500® List
The prestigious award validates the progress the company has made in the past year. In 2016, the brand opened five locations, bringing the total to nearly 50 offices throughout the United States.
“We are honored to receive this ranking,” said Jeff Oddo, president and CEO of City Wide Franchise. “We look forward to building upon this growth in 2017, as we form new relationships, expand into new markets, and offer our existing franchisees continued support.”
The key factors that go into Entrepreneur’s evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“We spend months gathering and crunching data in order to produce the Franchise 500 ranking. We’re proud of the result and the way it continues to be a resource for the franchise community,” says Jason Feifer, editor in chief of Entrepreneur. “Like every industry, franchising is ever-evolving and must smartly react to new technologies and consumer demands. We know it takes a lot to stay competitive, and are excited to celebrate those that do it best.”
City Wide has made a name for itself in major U.S. cities by streamlining commercial facilities and maintenance management of more than 20 services through a collection of independent contractors and vendor partners, including floor care, window washing, janitorial supplies, parking lot maintenance, and several others. Taking the onus from building owners and property management companies that typically have to choose separate companies for each task, City Wide eases the selection and management processes for its clients.
Entrepreneurially spirited individuals interested in owning a City Wide franchise should have the ability to invest $200,000, which includes working capital and a typical franchise fee of $55,000. Plus, City Wide is a proud partner of the VetFran program. Approved candidates receive 10% off of the total franchise fee.
“In order to reflect the evolving business world at large, we at Entrepreneur continue to evolve our annual ranking, too,” says Ryan Shea, president of Entrepreneur. “We’ve developed new ways to measure and analyze our collected data as new critical data points come into play. We take into account pertinent factors such as social media presence and financing availability, which have become increasingly important in today’s economy. The result is a more complete and relevant Franchise 500® that can serve as a valuable resource for our readers.”
To view City Wide in the full ranking, visit www.entrepreneur.com/franchise500.
To learn more about City Wide visit:www.gocitywide.com.
For more information about available franchise opportunities, visit: www.citywidefranchise.com.Back