MonitorClosely.com Featured in Entrepreneur Magazine's Franchise 500®
December 28, 2007 (PRLEAP.COM) Business NewsCincinnati, OH-December 28, 2007- MonitorClosely.com the Nationís leading franchise provider of digital surveillance systems has reached a significant milestone being featured in Entrepreneur Magazine's 2008 Franchise 500®. MonitorClosely.comís 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.
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. The customer base, for the companyís 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 companyís 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®.
For Additional Information Contact:
Denise Donahue, SVP Marketing
4555 Lake Forest Drive, Suite 650
Cincinnati, OH 45242