City Wide Reports Strong First Half Financial ResultsJuly 19, 2022
City Wide Facility Solutions recently released new financial information on the first six months of 2022, which highlighted an average unit volume of US$6.7 million, an average annual revenue top quartile of $15.1 million, and a franchisee sales median of $5.4 million—a $1 million increase from 2021.
Since January, City Wide has signed 10 new locations—a new company record. Due to the rapid growth, the company added John Martin as chief financial officer (CFO) in March and has invested in new benchmarking technology.
“What a year it has been so far for the City Wide Facility Solutions team at the support center and within our franchise system. If this is any indication of what the next six months will look like, we are enthusiastic about it and expecting to close the year out with even more growth,” said Jeff Oddo, City Wide CEO and owner. “Even more rewarding than achieving these phenomenal revenue numbers is knowing more than a half dozen of the franchisees who opened locations or signed agreements this year already own at least one City Wide location. And at least half of those partnered with their general managers to open these additional locations—giving them the opportunity to become business owners and leaders. It is a testament to our philosophy of spreading the ripple as far and wide as possible.”
About City Wide
National franchise City Wide Facility Solutions provides a variety of janitorial and facility maintenance services. For more information, visit www.gocitywide.com.