- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$114K - $163K
- Units as of 2020
-
61 20% over 3 years
MilliCare's parent company, Milliken & Company, was founded in 1865 by Seth Milliken and William Deering. It has become one of the world's largest textile and chemical manufacturers held privately. Seth Milliken began by producing wool for companies manufacturing clothes, and the company grew from there.
Milliken's research has earned over 5,000 patents worldwide and awards from organizations such as the U.S. Green Building Council and the Carpet and Rug Institute. MilliCare was founded in 1967 in response to clients' complaints that other maintenance companies were draining down their carpets and textiles before they had time to restore them.
MilliCare began franchising in 1996 and has a presence in the United States, Canada, and overseas.
Why You May Want to Start a milliCare Franchise
MilliCare's standard focus is rendering carpet maintenance for businesses to reduce costs, save money, and protect the life of the carpet and environment. The services provided by milliCare have won accolades. MilliCare also gives back to the community, which may have helped the company build a good reputation and acquire satisfied, long-term clients.
Possessing and running a milliCare franchise may be an excellent opportunity for someone looking for a growing business-to-business (B2B) company. A milliCare franchise only needs several salaried employees. While some franchisees have successfully started without doing so, you will ideally run one of the three crucial parts of the business: sales, operations, or service. The other employees will run the other two parts, leaving you with a usual minimum of three employees for your milliCare franchise.
What Might Make a milliCare Franchise a Good Choice?
Opening a milliCare franchise, can offer you the chance to become a commercial flooring industry leader in your area.
To be part of the milliCare team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
MilliCare has partnered with third-party financial lenders that may help qualified franchisees cover the costs of the franchise fee, startup, equipment, and inventory.
As you decide if opening a milliCare franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a milliCare franchise would do well in your community.
Operating a milliCare franchise may offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.
How To Open a milliCare Franchise
Read milliCare's Franchise Disclosure Document to learn more about the approximate startup cost. These costs comprise the initial fee, training expenses, royalties, license, early-stage advertising, name registration, insurance, rent, video surveillance, and more. Additionally, the Franchise Disclosure Document can offer you more information about the market and milliCare's market share when compared to competitors.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the milliCare franchising team questions.
Company Overview
About MilliCare
| Industry | Maintenance |
|---|---|
| Related Categories | Carpet & Upholstery Services, Home Repairs/Handyman Services, Miscellaneous Maintenance Businesses, Cleaning/Restoration |
| Founded | 1967 |
| Parent Company | Milliken & Company |
| Leadership | Steve Willis, Managing Director |
| Corporate Address |
920 Milliken Rd. Spartanburg, SC 29303 |
| Social | Facebook, Twitter, LinkedIn, YouTube |
Business Overview
| Franchising Since | 1996 (28 years) |
|---|---|
| # of employees at HQ | 18 |
| # of Units | 61 (as of 2020) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a MilliCare franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$22,500 - $45,000 |
|---|---|
|
Initial Investment
|
$113,800 - $163,000 |
|
Net Worth Requirement
|
$200,000 |
|
Cash Requirement
|
$50,000 |
|
Veteran Incentives
|
20% off franchise fee |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | MilliCare has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 32 hours |
|---|---|
| Classroom Training | 40 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 3 |
|
Are exclusive territories available?
|
No |
Franchise 500 Ranking History
Compare where MilliCare landed on this year's Franchise 500 Ranking versus previous years.
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