In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:
Section I – Estimated initial investment (franchise costs) for a milliCare franchise, based on Item 7 of the company’s 2023 FDD
Section II – Initial franchise fee, royalty fee, and marketing fee for a milliCare franchise, based on Items 5 and 6 of the company’s 2023 FDD
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Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does. A franchise specialist will be in touch to present what's available.Section III – Number of franchised and company-owned milliCare outlets at the start of the year and the end of the year for 2020, 2021, and 2022, based on Item 20 of the company’s 2023 FDD
Section IV – News updates on the milliCare franchise opportunity
Section V – Presentation and analysis of milliCare’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2023 FDD, including information on the:
- 2022 average, median, high, and low sales for the 6 multi-territory milliCare franchisees (operating in 16 territories) in the United States that were open the entire 2022 calendar year
- 2022 average, median, high, and low sales for the 17 single-territory milliCare franchisees (operating in 17 territories) in the United States that were open the entire 2022 calendar year
- 2022 average, median, high, and low sales for the 23 milliCare franchisees (operating in 33 territories) in the United States that were open the entire 2022 calendar year, grouped by quartile
Section VI – Key ratios, comparables, computations, and analyses for the milliCare franchise opportunity (exclusive content for Platinum subscribers)
Section I – milliCare Franchise Costs
- milliCare franchise costs, based on Item 7 of the company’s 2023 FDD:
- Initial Fee: $49,000
- Travel, Lodging, and Related Expenses During Training: $2,000
- Start-up Package of Equipment and Materials: $32,500
- Rent – 3 Months: $300 to $4,500
- Tenant Improvements: $1,000 to $7,000
- Vehicle Expenses – 3 Months: $3,000
- Computer Equipment: $1,000 to $2,500
- Miscellaneous: $15,000
- Additional Funds – 3 Months: $25,000 to $40,000
- Total Estimated milliCare Franchise Costs: $128,800 to $155,500
Section II – milliCare’s Initial Franchise Fee, Royalty Fee, and Marketing Fee
- milliCare’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:
- Initial Fee: $49,000
- Royalty: 6% of Gross Receipts for sales of products and services associated with the cleaning, maintenance, and restoration of textiles and all flooring surfaces, and for sales of any other products or services marketed or performed under the Marks. During the first 24 months, you will pay a reduced royalty equal to 5% of Gross Receipts. You must pay milliCare minimum monthly royalties ranging from $0 to $650 per month depending on how long your franchised business has been operating.
- Promotional Fund: 1% of your Gross Receipts in the first 24 months, and 2% of your Gross Receipts thereafter
Section III – Number of Franchised and Company-Owned milliCare Outlets
Franchised
2020
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When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.🔴Free Webinar: 6 Under-the-Radar Franchise Concepts That Serious Buyers Should Know
Every month we feature 6 standout franchises that could be the opportunity you've been looking for, each evaluated on disclosed financials and matched to the type of buyer most likely to succeed with it. Can't attend live on October 27 at 6PM EST? Register now and we'll send you the full recording the next day. Reserve your spot here.- Outlets at the Start of the Year: 45
- Outlets at the End of the Year: 48
- Net Change: +3
2021
- Outlets at the Start of the Year: 48
- Outlets at the End of the Year: 48
- Net Change: 0
2022
- Outlets at the Start of the Year: 48
- Outlets at the End of the Year: 56
- Net Change: +8
Company-Owned
2020
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2021
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2022
🎯Find Best-Fit Franchises Still Available in Your Target Area (Free Tool)
When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.📈Dreaming of Multi‑Unit Success? Lock In Prime Territories Before They're Gone.
Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does. A franchise specialist will be in touch to present what's available.- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
Section IV – News Updates on the milliCare Franchise
Section V – Financial Performance Representations (Average Revenues and/or Profits) for the milliCare Franchise (Item 19, 2023 FDD)
- As of December 31, 2022, there were 51 territories operated by 37 separate franchisees. milliCare based this financial performance representation on all milliCare franchises in the United States that were open the entire 2022 calendar year.
- Several franchisees operate in numerous Marketing Territories, but report as a single franchisee.
- This Item 19 profiles 23 franchisees operating in 33 Marketing Territories. Franchisees profiled in this Item 19 operate substantially similar businesses as being offered through the disclosure document, offering substantially similar products and services as the business you will operate.
- The following tables represent the gross amount of all money and the value of all property directly or indirectly received by the franchisee for goods sold and services rendered in connection with the Franchised Business (“sales”) for calendar year 2022 of milliCare franchises in the United States.
- Part 1 presents the Gross Sales of six multi-territory franchisees operating in 16 Territories.
- Part 2 presents the Gross Sales of 17 single-territory franchisees operating in 17 Territories.
- Part 3 presents all 23 franchisees broken down by Quartile and includes: the number of franchisees in each category of sales; the averages sales in that category; the number and percent of franchisees exceeding the average sales; and the median, high, and low for each category.
- Excluded from this Item 19 are: (i) 7 territories that opened during the 2022 calendar year and otherwise were not open for 12 months; (ii) 9 territories that didn’t report to milliCare a minimum of 11 months of sales; and (iii) 2 territories that aren’t being operated on a full-time basis.
Part 1 – Multi-Territory Franchisees
- Average 2022 Sales: $711,605
- Number and Percentage Above/Below Average: 6/10 (37.5%/62.5%)
- Median: $412,844
- High: $3,328,798
- Low: $122,738
- Number of Territories: 16
Part 2 – Single-Territory Franchisees
- Average 2022 Sales: $281,374
- Number and Percentage Above/Below Average: 6/11 (35%/65%)
- Median: $226,490
- High: $571,968
- Low: $60,009
- Number of Territories: 17
Part 3 – All Franchisees by Quartile
1st Quartile
- Average 2022 Sales: $1,167,082
- Number and Percentage Above/Below Average: 1/7 (12.5%/87.5%)
- Median: $929,316
- High: $3,328,796
- Low: $567,720
- Number of Territories: 8
2nd Quartile
- Average 2022 Sales: $419,030
- Number and Percentage Above/Below Average: 3/5 (37.5%/62.5%)
- Median: $408,933
- High: $538,527
- Low: $346,890
- Number of Territories: 8
3rd Quartile
- Average 2022 Sales: $261,207
- Number and Percentage Above/Below Average: 4/4 (50%/50%)
- Median: $252,374
- High: $321,548
- Low: $207,369
- Number of Territories: 8
4th Quartile
- Average 2022 Sales: $154,499
- Number and Percentage Above/Below Average: 4/5 (44%/56%)
- Median: $154,292
- High: $206,824
- Low: $60,009
- Number of Territories: 9
All
- Average 2022 Sales: $489,971
- Number and Percentage Above/Below Average: 9/24 (27%/73%)
- Median: $321,548
- High: $3,328,796
- Low: $60,009
- Number of Territories: 33
- Some outlets have earned this amount. Your individual results may differ. There is no assurance that you’ll earn as much.
Section VI – milliCare Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️
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