In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:
Section I – Estimated initial investment (franchise costs) for a Grout Medic franchise, based on Item 7 of the company’s 2023 FDD
Section II – Initial franchise fee, royalty fee, and marketing fee for a Grout Medic franchise, based on Items 5 and 6 of the company’s 2023 FDD
🎯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, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, 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. A franchise specialist will be in touch to present what's available.Section III – Number of franchised and company-owned Grout Medic outlets at the start of the year and the end of the year for 2020, 2021, and 2022, based on Item 20 of the company’s 2023 FDD
Section IV – News updates on the Grout Medic franchise opportunity
Section V – Presentation and analysis of Grout Medic’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2023 FDD, including information on the:
- 2022 average, median, high, and low gross sales for the 22 Grout Medic franchisees that were active for all 12 months of the 2022 fiscal year, and responded to the franchisor’s survey
- 2022 average materials cost, direct labor cost, marketing spend, merchant fees, and indirect labor, as a percentage of gross sales, for the 22 Grout Medic franchisees that were active for all 12 months of the 2022 fiscal year, and responded to the franchisor’s survey
Section VI – Key ratios, comparables, computations, and analyses for the Grout Medic franchise opportunity (exclusive content for Platinum subscribers)
Section I – Grout Medic Franchise Costs
- Grout Medic franchise costs, based on Item 7 of the company’s 2023 FDD:
- Initial Franchise Fee: $65,000
- Equipment Start-Up Package: $5,000 to $10,000
- Travel and Living Expenses: $1,000 to $2,000
- Real Estate: not applicable
- Vehicle Decoration: $500 to $2,000
- Insurance: $500 to $1,500
- Legal: $0 to $1,000
- Opening Inventory: $0 to $500
- Technology Fee: $5,000
- Grand Opening: $5,000
- Computer Equipment and Software: $0 to $1,500
- Bookkeeping: $0 to $500
- Employees’ Payroll: $0 to $11,000
- Additional Funds (3-Month Initial Phase): $10,000 to $20,000
- Total Estimated Grout Medic Franchise Costs: $97,000 to $130,000
Section II – Grout Medic’s Initial Franchise Fee, Royalty Fee, and Marketing Fee
- Grout Medic’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:
- Initial Franchise Fee: $65,000
- Royalty: 6% of Gross Sales; $150 per week, minimum
- Marketing Fund: 2% of Gross Sales
- Advertising Cooperative Fee: up to $10,000 or 2% of Gross Sales per year, whichever is greater
Section III – Number of Franchised and Company-Owned Grout Medic Outlets
Franchised
2020
🎯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, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.🔴Free Webinar: 6 Under-the-Radar Franchise Concepts That Serious Buyers Should Know
Every month we feature 6 standout franchises that could be the opportunity you've been looking for, each evaluated on disclosed financials and matched to the type of buyer most likely to succeed with it. Can't attend live on October 27 at 6PM EST? Register now and we'll send you the full recording the next day. Reserve your spot here.- Outlets at the Start of the Year: 44
- Outlets at the End of the Year: 56
- Net Change: +12
2021
- Outlets at the Start of the Year: 56
- Outlets at the End of the Year: 67
- Net Change: +11
2022
- Outlets at the Start of the Year: 67
- Outlets at the End of the Year: 58
- Net Change: -9
Company-Owned
2020
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2021
- Outlets at the Start of the Year: 0
- Outlets at the End of the Year: 0
- Net Change: 0
2022
🎯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, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, 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. A franchise specialist will be in touch to present what's available.- 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 Grout Medic Franchise
Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Grout Medic Franchise (Item 19, 2023 FDD)
- In January 2023, a survey was sent to all franchisees in the system requesting key performance metrics, such as Gross Sales, other revenue amounts, labor costs, marketing costs, and materials costs for the 2022 fiscal year.
- The data presented in Parts 1 and 2 of this Item 19 is representative of the 22 completed responses that were provided by franchisees for their Franchised Businesses, which represent 37.93% of all active Franchised Businesses (58) active for all 12 months of the previous 2022 fiscal year.
Part 1 – Statement of Gross Sales Per Franchised Business During Fiscal Year 2022
Top Quartile
- Total Gross Sales: $6,962,115.67
- Average Gross Sales: $1,160,352.61
- High Gross Sales: $1,965,077.66
- Low Gross Sales: $777,268.92
- Number of Franchised Businesses: 6
Median
- Total Gross Sales: $2,428,011.90
- Average Gross Sales: $242,801.19
- High Gross Sales: $750,202.25
- Low Gross Sales: $179,415.87
- Number of Franchised Businesses: 10
Bottom Quartile
- Total Gross Sales: $615,452.73
- Average Gross Sales: $102,575.45
- High Gross Sales: $148,049.00
- Low Gross Sales: $50,358.00
- Number of Franchised Businesses: 6
Total
- Total Gross Sales: $10,607,733.55
- Average Gross Sales: $482,169.70
- High Gross Sales: $1,965,077.66
- Low Gross Sales: $50,358.00
- Number of Franchised Businesses: 22
- These numbers are representative of Franchised Businesses that reported all 12 months in 2022 and who returned a completed Franchisee Performance Survey.
- All data pulled from franchisee-submitted reports and assumed to be accurate.
Part 2 – Additional Franchisee Performance Data for Franchised Businesses During Fiscal Year 2022
Selected Costs as a Percentage of Gross Sales of Reporting Franchised Businesses
- Materials Cost as a Percentage of Gross Sales: 6.8%
- Direct Labor Cost as a Percentage of Gross Sales: 25.2%
- Marketing Spend as a Percentage of Gross Sales: 9.1%
- Merchant Fees as a Percentage of Gross Sales: 2.6%
- Indirect Labor as a Percentage of Gross Sales: 21.5%
- These numbers are representative of Franchised Businesses that reported all 12 months in 2022 and who returned a completed Franchisee Performance Survey.
- All data pulled from survey response data and assumed to be accurate.
- The figures contained in Parts 1 and 2 of this Item were pulled from franchisee submitted data. Grout Medic has not audited or verified this information. This information has not been separately audited or verified by an independent certified public accountant, and it may not have been prepared on a basis consistent with generally accepted accounting principles.
- Some outlets have sold this amount. Your individual results may differ. There is no assurance that you’ll sell as much.
Section VI – Grout Medic Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️
To Access the Rest of This Article and Other Premium, Income-Enhancing Content, Subscribe Now or Log In.
Gain the Insider Information (and Actual Earnings Data) You Need to Make a Safe and Smart Franchise Investment. Click Here to Learn More.
Gain
the Insider Information (and Actual Earnings Data) You Need to Make a
Safe and Smart Franchise Investment - See more at:
https://www.franchisechatter.com/register/#sthash.le7wKJKM.dpuf
The Best of Franchise Chatter
🥇The Most Profitable Franchises of 2026
🥈Franchises Ranked by Average Revenues
🥉Franchises Ranked by Average Profits
🏆Franchise Winners, Survivors & Losers
Subscribe Now or Log In
Franchise Chatter is reader-supported. We may receive a commission for leads generated from affiliate links and banners on our site.
Leave a Reply