MonitorClosely.com Featured in Entrepreneur Magazine's Franchise 500(R)
December 24, 2007 // Franchising.com // Cincinnati, OH- MonitorClosely.com the Nation's leading franchise provider of digital surveillance systems has reached a significant milestone being featured in Entrepreneur Magazine's 2008 Franchise 500®. MonitorClosely.com's rankings are #442 in the Franchise 500®, #84 in 2008 Fastest-Growing Franchises, and #39 in the Top 50 New Franchises. MonitorClosely.com began selling franchisees in May 2006 and has grown rapidly throughout the U.S. and Canada. Denise Donahue, Senior Vice President of Marketing, said the company is receiving over 150 inquires a week from individuals interested in acquiring a franchise. "This concept has attracted a lot of interest because it is not labor intensive, has a residual income component, is in a fast growth industry, and requires very little start-up costs". MonitorClosely.com's 5-year growth plan is to open 250 offices around the USA and Canada by the year 2010.
MonitorClosely.com franchisees market, sell, install, and service state-of-the-art digital surveillance systems for commercial and residential use. With the recent advancements in digital technology, the quality of surveillance systems has significantly increased while the cost of equipment has continued to decrease. Today's systems are so advanced that with hi-speed Internet service it is possible to monitor surveillance cameras from anywhere in the World at anytime. The customer base, for the company's franchisees, appears to be unlimited and includes; day care centers, private schools, assisted living facilities, retail businesses, apartment complexes, office buildings, multi-unit fast food restaurants, hotels, banks, and private residences. In addition to selling the digital surveillance systems, MonitorClosely.com franchisees offer a very affordable Internet-based service, through the company's host website, that allows customers to remotely view their surveillance cameras.
About the Franchise 500®
Entrepreneur Magazine's Franchise 500® is the best and most comprehensive rating of franchises in the world. Only franchise companies that submit full Uniform Franchise Offering Circulars (UFOCs) or Canadian disclosure documents and whose information is verified by Entrepreneur are considered for the Franchise 500® rankings. All companies, regardless of size, are judged by the same criteria: objective, quantifiable measures of a franchise operation. The most important factors include financial strength and stability, growth rate and size of the system. Also considered are the number of years in business and length of time franchising, startup costs, litigation, and percentage of terminations and whether the company provides financing. Financial data is audited by an independent CPA. The objective factors are plugged into Entrepreneur's Franchise 500® formula, with each eligible company receiving a cumulative score. The 500 franchises with the highest cumulative scores become members of the Franchise 500®.