In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:
Section I – Estimated initial investment (franchise costs) for a Mr. Sandless franchise, based on Item 7 of the company’s 2022 FDD
Section II – Initial franchise fee, royalty fee, and marketing fee for a Mr. Sandless franchise, based on Items 5 and 6 of the company’s 2022 FDD
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Section IV – News updates on the Mr. Sandless franchise opportunity
Section V – Presentation and analysis of Mr. Sandless’ financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2022 FDD, including information on the:
- 2021 average, median, highest, and lowest gross earnings (i.e., revenues) for the 62 Mr. Sandless locations (62 owners), operating 143 USA franchised businesses open for the full calendar year 2021
- 2021 average and median gross earnings for the 28 Mr. Sandless locations (28 owners) with single units open for the full calendar year 2021
- 2021 average and median customer price and supplies cost for the 155 Mr. Sandless USA franchised businesses operating from 74 locations (74 owners) in calendar year 2021
Section VI – Key ratios, comparables, computations, and analyses for the Mr. Sandless franchise opportunity (exclusive content for Platinum subscribers)
Section I – Mr. Sandless Franchise Costs
- Mr. Sandless franchise costs, based on Item 7 of the company’s 2022 FDD:
- Initial Franchise Fee: $15,000 to $30,000
- Grand Opening Advertising: $1,500
- Service Vehicle: $0 to $19,000
- Equipment, Tools, and Inventory (Franchise Starter Kit): $10,000
- Office Equipment, Furnishings, and Office Supplies: $0 to $1,500
- Computer Hardware and Software: $0 to $1,600
- Professional Services: $350 to $2,500
- Licenses/Permits: $200
- Insurance: $1,250
- Training Expenses: $510
- Additional Funds (3 Months): $5,000 to $15,000
- Total Estimated Mr. Sandless Franchise Costs: $33,810 to $83,060
Section II – Mr. Sandless’ Initial Franchise Fee, Royalty Fee, and Marketing Fee
- Mr. Sandless’ initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2022 FDD:
- Initial Franchise Fee: $15,000 for the first territory of approximately 200,000 population and $5,000 for each additional territory of approximately 100,000 population. The maximum initial franchise fee is $30,000 for a 4-territory purchase of approximately 500,000 population.
- Royalty Fee: 6% of Gross Sales or $600 per month, whichever is greater
- National Advertising Fund: 1% of Gross Sales
Section III – Number of Franchised and Company-Owned Mr. Sandless Outlets
Franchised
2019
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When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code to see which franchises are still available near you, saving you months of wasted research.🔴Free Webinar: 6 Under-the-Radar Franchise Concepts That Serious Buyers Should Know
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- Outlets at the End of the Year: 184
- Net Change: -35
2020
- Outlets at the Start of the Year: 184
- Outlets at the End of the Year: 179
- Net Change: -5
2021
- Outlets at the Start of the Year: 179
- Outlets at the End of the Year: 166
- Net Change: -13
Company-Owned
2019
- Outlets at the Start of the Year: 9
- Outlets at the End of the Year: 9
- Net Change: 0
2020
- Outlets at the Start of the Year: 9
- Outlets at the End of the Year: 9
- Net Change: 0
2021
🎯Find Best-Fit Franchises Still Available in Your Target Area (Free Tool)
When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code to see which franchises are still available near you, saving you months of wasted research.📈Dreaming of Multi‑Unit Success? Lock In Prime Territories Before They're Gone.
Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does.- Outlets at the Start of the Year: 9
- Outlets at the End of the Year: 9
- Net Change: 0
Section IV – News Updates on the Mr. Sandless Franchise
Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Mr. Sandless Franchise (Item 19, 2022 FDD)
- In 2021, there were 62 locations (62 owners), operating 143 USA franchised businesses open for the full year. The following is their reported gross earnings. The results of company owned outlets are not included.
- The reported median monthly earnings was $17,266 or $207,192 gross earnings for the year. The reported average monthly earnings was $16,087 or $193,044 gross earnings for the year. Twenty-eight (or 45%) surpassed the average and thirty-four under the average. For the year, the highest earned $1,032,643 and the lowest earned $24,854.
- The twenty-eight with single units reported median gross monthly earnings of $11,525 or $138,300 gross earnings for the year and average gross monthly earnings of $15,275 or $183,300 gross earnings for the year. Eleven single units surpassed the average with seventeen under the average.
Mr. Sandless Average Customer Price and Supply Medians
- In calendar year 2021, the 155 Mr. Sandless USA franchised businesses operating from 74 locations (74 owners), reported total service of 7,257 jobs and total earnings of $13,175,608.
- The term Supplies (used during service) is defined as the cost of all supplies expended in the provision of flooring service to an actual customer, excluding carpentry supplies. This includes the administration fee but does not include shipping to the sites. It does not include inventory.
- Mr. Sandless Average Customer Price: $1,816.00
- Mr. Sandless Median Customer Price: $1,803.00
- Mr. Sandless Average Supplies: $107.00
- Mr. Sandless Median Supplies: $106.00
- Some outlets have earned this amount. Your individual results may differ. There is no assurance that you’ll earn as much.
- The financial performance figures do not reflect the costs of sales, operating expenses, or other costs or expenses that must be deducted from the gross revenue figures to obtain your net income or profit. There may be other costs and other expenses not identified.
Section VI – Mr. Sandless Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️
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