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 2023 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 2023 FDD
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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 Mr. Sandless 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 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 2023 FDD, including information on the:
- 2022 average, median, highest, and lowest gross earnings (i.e., revenues) for the 80 Mr. Sandless locations (80 owners), operating 164 USA franchised businesses, with 66 locations open for the full year and 14 locations open partially being they are new locations
- 2022 average, median, highest, and lowest gross earnings for the 7 Mr. Sandless locations (7 owners) with single units open during calendar year 2022
- 2022 average and median customer price and supplies cost for the 164 Mr. Sandless USA franchised businesses operating from 80 locations (80 owners) in calendar year 2022
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 2023 FDD:
- Initial Franchise Fee: $15,000 to $30,000
- Grand Opening Advertising: $1,500
- Service Vehicle: $0 to $25,000
- 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 $89,060
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 2023 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
2020
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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, 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: 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
2022
- Outlets at the Start of the Year: 166
- Outlets at the End of the Year: 177
- Net Change: +11
Company-Owned
2020
- Outlets at the Start of the Year: 9
- Outlets at the End of the Year: 9
- Net Change: 0
2021
- Outlets at the Start of the Year: 9
- Outlets at the End of the Year: 9
- 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: 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, 2023 FDD)
- In 2022, there were 80 locations (80 owners), operating 164 USA franchised businesses, with 66 locations open for the full year and 14 locations open partially being they are new locations. The following is their reported gross earnings. The results of company owned outlets are not included.
- Reported median monthly earnings were $15,619 or $187,428 gross earnings for the year.
- The reported average monthly income was $15,205 or $182,455 gross earnings for the year. 27 (or 34%) surpassed the average and 53 under the average.
- The top reported earnings was $1,088,340 with 79 locations reporting under that amount, and the lowest reported earnings was $12,981 with 79 locations reporting over that amount.
- 7 locations reporting operated under a single unit, reporting a median monthly earnings of $11,758 or $141,096 gross earnings for the year.
- Single unit locations reported average monthly income of $12,484 or $149,811 gross earnings for the year. 3 (or 43%) surpassed the average and 4 under the average.
- The top reported earnings of the single territory locations was $313,135 with 6 reporting under that, and the lowest reported earnings was $71,249 with 6 reporting higher than that.
Mr. Sandless Average Customer Price and Supply Medians
- In calendar year 2022, the 164 Mr. Sandless USA franchised businesses operating from 80 locations (80 owners), which were open all year, reported total service of 6,228 jobs and total earnings of $13,025,647.
- 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: $2,091
- Mr. Sandless Median Customer Price: $2,079
- Mr. Sandless Average Supplies: $127
- Mr. Sandless Median Supplies: $126
- 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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