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 2024 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 2024 FDD

Section III – Number of franchised and company-owned milliCare outlets at the start of the year and the end of the year for 2021, 2022, and 2023, based on Item 20 of the company’s 2024 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 2024 FDD, including information on the:

• 2023 average, median, high, and low sales for the 8 multi-territory milliCare franchisees (operating in 20 territories) in the United States that were open the entire 2023 calendar year

• 2023 average, median, high, and low sales for the 14 single-territory milliCare franchisees (operating in 14 territories) in the United States that were open the entire 2023 calendar year

• 2023 average, median, high, and low sales for the 22 milliCare franchisees (operating in 34 territories) in the United States that were open the entire 2023 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 2024 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:  $1,500 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
• Grand Opening Advertising:  $5,000
• Additional Funds – 3 Months:  $65,000 to $80,000
• Total Estimated milliCare Franchise Costs:  $170,000 to $195,500

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 2024 FDD:

• 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

2021

• Outlets at the Start of the Year:  48
• Outlets at the End of the Year:  47
• Net Change:  -1

2022

• Outlets at the Start of the Year:  47
• Outlets at the End of the Year:  51
• Net Change:  +4

2023

• Outlets at the Start of the Year:  51
• Outlets at the End of the Year:  56
• Net Change:  +5

Company-Owned

2021

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

2022

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

2023

• 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, 2024 FDD)

• As of December 31, 2023, there were 56 territories operated by 35 separate franchisees. milliCare based this financial performance representation on all milliCare franchises in the United States that were open the entire 2023 calendar year.

• Several franchisees operate in numerous Marketing Territories, but report as a single franchisee.

• This Item 19 profiles 22 franchisees operating in 34 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 2023 of milliCare franchises in the United States.

• Part 1 presents the average Gross Sales of the 8 multi-territory franchisees operating in 20 Territories.

• Part 2 presents the average Gross Sales of the 14 single-territory franchisees operating in 14 Territories.

• Part 3 presents all 22 franchisees broken down by territory quartiles and includes: the number of franchisees in each category of sales; the average 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) 9 territories that opened during the 2023 calendar year, or left the system, 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) 4 territories that aren’t being operated on a full-time basis.

Part 1 – Multi-Territory Franchisees

• Average 2023 Sales:  $1,749,567
• Number and Percentage Above/Below Average:  3/8 (37.5%)
• Median:  $903,244
• High:  $7,028,184
• Low:  $260,077
• Number of Territories:  20

Part 2 – Single-Territory Franchisees

• Average 2023 Sales:  $350,004
• Number and Percentage Above/Below Average:  5/14 (35.7%)
• Median:  $273,099
• High:  $847,376
• Low:  $58,752
• Number of Territories:  14

Part 3 – All Franchisees by Territory Quartiles

1st Quartile

• Average 2023 Sales:  $1,347,842
• Number and Percentage Above/Below Average:  2/9 (22%)
• Median:  $1,190,747
• High:  $3,855,769
• Low:  $703,718
• Number of Territories:  9

2nd Quartile

• Average 2023 Sales:  $444,959
• Number and Percentage Above/Below Average:  5/9 (56%)
• Median:  $445,145
• High:  $612,011
• Low:  $318,610
• Number of Territories:  9

3rd Quartile

• Average 2023 Sales:  $230,775
• Number and Percentage Above/Below Average:  5/9 (56%)
• Median:  $231,558
• High:  $298,320
• Low:  $163,579
• Number of Territories:  9

4th Quartile

• Average 2023 Sales:  $97,774
• Number and Percentage Above/Below Average:  4/7 (57%)
• Median:  $120,928
• High:  $158,327
• Low:  $28,519
• Number of Territories:  7

All

• Average 2023 Sales:  $555,782
• Number and Percentage Above/Below Average:  10/34 (29%)
• Median:  $331,482
• High:  $3,855,769
• Low:  $28,519
• Number of Territories:  34

• 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) ⬇️