City Wide Franchise announced today it has once again been named to Entrepreneur magazine’s Franchise 500® list; an honor it has received regularly since 2009. The Franchise 500® is considered the world’s first, best and most comprehensive franchise ranking. City Wide has earned its place in the top 35 percent among hundreds of notable national franchise brands.
The recognition received by City Wide highlights a year full of accomplishments made by the company in 2020. It has entered its 60th year in business on a strong note by finding new ways to continue growing – leading to an increase in systemwide revenue greater than 30%.
“This past year made it very clear to us the impact we can and do have on the communities we are a part of,” said Jeff Oddo, CEO and owner of City Wide Franchise. “Our clients needed us there to ensure we were saving them time and solving their problems so they could focus on what is most important to them, and we delivered. It’s great to see our hard work recognized by Entrepreneur for many years now, and we look forward to celebrating this along with our 60th anniversary milestone.”
The key factors that go into the evaluation for the list include costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“2020 was a challenging year for everyone, but it was also a year of unusual opportunity,” says Jason Feifer, Entrepreneur editor-in-chief. “Franchises were able to be nimble and innovative, serving the needs of franchisees and customers in ways that will resonate for many years to come. We believe that, when we eventually look back on this time, we’ll see it as a moment when many brands defined themselves for the future.”
City Wide has made a name for itself in major U.S. cities and Canada by streamlining facility solutions for more than 20 interior and exterior services for commercial facilities including janitorial, disinfecting, handyman services and parking lot maintenance. Taking the onus from building owners and property management businesses 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 $233,000, which includes working capital and a typical franchise fee of $70,000. Ideal franchise candidates have a business-to-business background focused on sales, management and operations experience.
Over its 42 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. City Wide’s position on the ranking is a testament to its strength as a franchise opportunity.
To view City Wide in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2020 issue of Entrepreneur, available on newsstands January 26th.
To learn more about City Wide, visit www.gocitywide.com.
For more information about available franchise opportunities, visit www.citywidefranchise.com/.
